SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 24.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 486 shares of the industrial products company’s stock after buying an additional 95 shares during the quarter. GAMMA Investing LLC’s holdings in SiteOne Landscape Supply were worth $59,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SITE. Tortoise Investment Management LLC lifted its stake in SiteOne Landscape Supply by 78.9% during the fourth quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 131 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in SiteOne Landscape Supply during the fourth quarter worth approximately $40,000. Brown Brothers Harriman & Co. lifted its stake in SiteOne Landscape Supply by 395.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 342 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 273 shares during the last quarter. State of Wyoming lifted its stake in SiteOne Landscape Supply by 6.2% during the fourth quarter. State of Wyoming now owns 1,389 shares of the industrial products company’s stock worth $183,000 after purchasing an additional 81 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in SiteOne Landscape Supply by 11.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,498 shares of the industrial products company’s stock worth $197,000 after purchasing an additional 156 shares during the last quarter.

Insider Activity

In other news, EVP Joseph Ketter sold 39,640 shares of SiteOne Landscape Supply stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $126.28, for a total transaction of $5,005,739.20. Following the transaction, the executive vice president owned 13,663 shares in the company, valued at approximately $1,725,363.64. The trade was a 74.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.60% of the stock is owned by company insiders.

SiteOne Landscape Supply Stock Up 1.0%

Shares of SiteOne Landscape Supply stock opened at $129.95 on Thursday. The business’s fifty day moving average price is $121.45 and its two-hundred day moving average price is $125.76. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.36 and a quick ratio of 0.97. The company has a market capitalization of $5.82 billion, a P/E ratio of 51.77, a PEG ratio of 2.11 and a beta of 1.55. SiteOne Landscape Supply, Inc. has a 1-year low of $101.25 and a 1-year high of $160.75.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.11). The firm had revenue of $939.40 million during the quarter, compared to the consensus estimate of $933.90 million. SiteOne Landscape Supply had a return on equity of 7.31% and a net margin of 2.53%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.43) EPS. As a group, research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on SITE shares. Wall Street Zen upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Thursday, May 1st. Royal Bank Of Canada cut their price target on SiteOne Landscape Supply from $136.00 to $130.00 and set a “sector perform” rating for the company in a research note on Thursday, May 1st. Truist Financial cut their price target on SiteOne Landscape Supply from $165.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Deutsche Bank Aktiengesellschaft began coverage on SiteOne Landscape Supply in a research note on Tuesday, April 1st. They set a “hold” rating and a $135.00 price target for the company. Finally, Barclays cut their price target on SiteOne Landscape Supply from $120.00 to $106.00 and set an “underweight” rating for the company in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, SiteOne Landscape Supply currently has a consensus rating of “Hold” and a consensus target price of $145.70.

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.