SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP trimmed its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,052 shares of the industrial products company’s stock after selling 2,838 shares during the quarter. SiteOne Landscape Supply accounts for about 1.6% of Advantage Alpha Capital Partners LP’s portfolio, making the stock its 15th largest position. Advantage Alpha Capital Partners LP’s holdings in SiteOne Landscape Supply were worth $6,859,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Summit Creek Advisors LLC increased its holdings in shares of SiteOne Landscape Supply by 0.3% during the fourth quarter. Summit Creek Advisors LLC now owns 67,813 shares of the industrial products company’s stock valued at $8,936,000 after acquiring an additional 200 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of SiteOne Landscape Supply by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 4,162,578 shares of the industrial products company’s stock worth $548,503,000 after buying an additional 49,256 shares during the period. Bridge City Capital LLC increased its position in shares of SiteOne Landscape Supply by 0.9% in the 4th quarter. Bridge City Capital LLC now owns 26,820 shares of the industrial products company’s stock valued at $3,534,000 after acquiring an additional 240 shares during the period. LPL Financial LLC raised its stake in SiteOne Landscape Supply by 28.2% in the 4th quarter. LPL Financial LLC now owns 26,928 shares of the industrial products company’s stock worth $3,548,000 after acquiring an additional 5,930 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in SiteOne Landscape Supply during the 4th quarter valued at about $1,212,000.

SiteOne Landscape Supply Trading Up 0.1 %

Shares of SITE stock opened at $122.03 on Monday. SiteOne Landscape Supply, Inc. has a fifty-two week low of $114.60 and a fifty-two week high of $186.42. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. The stock’s fifty day moving average is $134.37 and its two-hundred day moving average is $139.88. The firm has a market capitalization of $5.49 billion, a P/E ratio of 45.37 and a beta of 1.69.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.22). SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. Research analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Sunday, March 16th. Stifel Nicolaus reissued a “hold” rating and issued a $140.00 price objective (down previously from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. UBS Group reduced their price target on SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Robert W. Baird decreased their price target on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Finally, Royal Bank of Canada lifted their target price on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, SiteOne Landscape Supply has an average rating of “Hold” and an average target price of $154.56.

SiteOne Landscape Supply 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.