SiteOne Landscape Supply, Inc. $SITE Stock Position Lowered by Twin Tree Management LP

Twin Tree Management LP lessened its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 70.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,564 shares of the industrial products company’s stock after selling 6,036 shares during the quarter. Twin Tree Management LP’s holdings in SiteOne Landscape Supply were worth $319,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Capital World Investors lifted its position in shares of SiteOne Landscape Supply by 37.9% in the 4th quarter. Capital World Investors now owns 1,402,337 shares of the industrial products company’s stock valued at $174,675,000 after acquiring an additional 385,666 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of SiteOne Landscape Supply in the 4th quarter valued at approximately $74,000. Vestcor Inc purchased a new stake in shares of SiteOne Landscape Supply in the 4th quarter valued at approximately $254,000. Goldman Sachs Group Inc. lifted its position in shares of SiteOne Landscape Supply by 16.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 99,728 shares of the industrial products company’s stock valued at $12,422,000 after acquiring an additional 14,207 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of SiteOne Landscape Supply in the 4th quarter valued at approximately $18,925,000.

Analysts Set New Price Targets

Several brokerages recently commented on SITE. Stifel Nicolaus upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $157.00 price target for the company in a research report on Monday, May 4th. Robert W. Baird set a $160.00 price objective on shares of SiteOne Landscape Supply in a research note on Thursday, April 30th. Royal Bank Of Canada upped their price objective on shares of SiteOne Landscape Supply from $151.00 to $171.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Truist Financial upped their price objective on shares of SiteOne Landscape Supply from $165.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Finally, Weiss Ratings lowered shares of SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, SiteOne Landscape Supply currently has an average rating of “Hold” and an average price target of $160.10.

SiteOne Landscape Supply Stock Up 5.1%

SiteOne Landscape Supply stock opened at $107.24 on Wednesday. The firm has a market cap of $4.75 billion, a PE ratio of 31.82, a P/E/G ratio of 1.33 and a beta of 1.35. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 2.33. The firm’s 50 day moving average price is $124.14 and its two-hundred day moving average price is $132.95. SiteOne Landscape Supply, Inc. has a twelve month low of $100.52 and a twelve month high of $168.56.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.27). The company had revenue of $940.10 million during the quarter, compared to analyst estimates of $982.27 million. SiteOne Landscape Supply had a net margin of 3.24% and a return on equity of 9.22%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.61) EPS. On average, research analysts predict that SiteOne Landscape Supply, Inc. will post 4.18 EPS for the current fiscal year.

Insider Activity at SiteOne Landscape Supply

In other news, Director Fred M. Diaz sold 563 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $115.13, for a total transaction of $64,818.19. Following the transaction, the director owned 11,829 shares in the company, valued at approximately $1,361,872.77. This trade represents a 4.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is currently owned by company insiders.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.