SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 168.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 6,007 shares of the industrial products company’s stock after acquiring an additional 3,766 shares during the period. Quantinno Capital Management LP’s holdings in SiteOne Landscape Supply were worth $907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wasatch Advisors LP increased its holdings in shares of SiteOne Landscape Supply by 11.4% in the third quarter. Wasatch Advisors LP now owns 1,577,651 shares of the industrial products company’s stock valued at $238,083,000 after purchasing an additional 161,846 shares during the period. Bank of New York Mellon Corp boosted its position in SiteOne Landscape Supply by 49.3% in the second quarter. Bank of New York Mellon Corp now owns 479,581 shares of the industrial products company’s stock valued at $58,226,000 after buying an additional 158,350 shares during the last quarter. Bamco Inc. NY increased its holdings in SiteOne Landscape Supply by 8.9% in the 3rd quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company’s stock worth $238,489,000 after buying an additional 129,252 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in SiteOne Landscape Supply by 130.9% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 198,214 shares of the industrial products company’s stock worth $24,065,000 after buying an additional 112,362 shares during the last quarter. Finally, American Century Companies Inc. raised its position in SiteOne Landscape Supply by 44.3% during the 2nd quarter. American Century Companies Inc. now owns 360,079 shares of the industrial products company’s stock worth $43,717,000 after buying an additional 110,589 shares during the last quarter.

Analyst Ratings Changes

A number of research firms have recently weighed in on SITE. The Goldman Sachs Group began coverage on shares of SiteOne Landscape Supply in a research note on Thursday, October 10th. They issued a “neutral” rating and a $158.00 price objective on the stock. StockNews.com upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Barclays upped their target price on SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a research note on Thursday, October 31st. Robert W. Baird lifted their price target on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and upped their price objective for the stock from $145.00 to $175.00 in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, SiteOne Landscape Supply presently has a consensus rating of “Hold” and a consensus target price of $156.44.

SiteOne Landscape Supply Stock Performance

SITE opened at $141.27 on Friday. The firm’s fifty day simple moving average is $146.26 and its two-hundred day simple moving average is $140.12. SiteOne Landscape Supply, Inc. has a 52-week low of $114.60 and a 52-week high of $188.01. The company has a market cap of $6.37 billion, a price-to-earnings ratio of 45.72 and a beta of 1.54. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.21). SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the business posted $1.25 earnings per share. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. Equities analysts anticipate that SiteOne Landscape Supply, Inc. will post 2.94 earnings per share for the current fiscal year.

Insider Transactions at SiteOne Landscape Supply

In other news, EVP Joseph Ketter sold 6,500 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $142.20, for a total value of $924,300.00. Following the transaction, the executive vice president now directly owns 12,942 shares of the company’s stock, valued at approximately $1,840,352.40. This trade represents a 33.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.70% of the company’s stock.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply, Inc, together with its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation products, including controllers, valves, sprinkler heads, irrigation pipes, micro irrigation, and drip products; fertilizer, grass seed, and ice melt products; control products, such as herbicides, fungicides, rodenticides, and other pesticides; landscape accessories that include mulches, soil amendments, drainage pipes, tools, and sods; nursery goods, which consist of deciduous and evergreen shrubs, ornamental, shade, evergreen trees, field grown and container-grown nursery stock, roses, perennials, annuals, bulbs, and plant species and cultivars; hardscapes, such as pavers, natural stones, blocks, and other durable materials; and outdoor lighting products that include lighting fixtures, LED lamps, wires, transformers, and accessories.