Advantage Alpha Capital Partners LP Has $5.17 Million Holdings in SiteOne Landscape Supply, Inc. $SITE

Advantage Alpha Capital Partners LP grew its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 6.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,756 shares of the industrial products company’s stock after purchasing an additional 2,501 shares during the quarter. SiteOne Landscape Supply comprises approximately 1.4% of Advantage Alpha Capital Partners LP’s investment portfolio, making the stock its 14th largest position. Advantage Alpha Capital Partners LP owned approximately 0.10% of SiteOne Landscape Supply worth $5,171,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Teacher Retirement System of Texas lifted its holdings in SiteOne Landscape Supply by 16.0% in the second quarter. Teacher Retirement System of Texas now owns 10,308 shares of the industrial products company’s stock valued at $1,247,000 after buying an additional 1,422 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in SiteOne Landscape Supply by 0.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 555,858 shares of the industrial products company’s stock worth $67,503,000 after acquiring an additional 2,951 shares during the period. TD Asset Management Inc raised its position in shares of SiteOne Landscape Supply by 18.3% in the 1st quarter. TD Asset Management Inc now owns 61,389 shares of the industrial products company’s stock worth $7,455,000 after acquiring an additional 9,496 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of SiteOne Landscape Supply in the 2nd quarter valued at about $989,000. Finally, Avantax Advisory Services Inc. lifted its stake in shares of SiteOne Landscape Supply by 14.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 9,753 shares of the industrial products company’s stock valued at $1,184,000 after purchasing an additional 1,224 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SITE shares. Loop Capital raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and raised their target price for the stock from $150.00 to $160.00 in a research note on Friday, September 19th. Zacks Research downgraded shares of SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 28th. Barclays lifted their price objective on shares of SiteOne Landscape Supply from $106.00 to $120.00 and gave the company an “underweight” rating in a research note on Thursday, October 30th. William Blair reaffirmed a “market perform” rating on shares of SiteOne Landscape Supply in a research note on Wednesday, October 15th. Finally, Royal Bank Of Canada upped their price objective on shares of SiteOne Landscape Supply from $143.00 to $151.00 and gave the company a “sector perform” rating in a report on Thursday, October 30th. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $152.10.

SiteOne Landscape Supply Stock Performance

NYSE SITE opened at $135.82 on Friday. The company has a current ratio of 2.49, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29. The company has a fifty day simple moving average of $126.43 and a 200 day simple moving average of $128.92. SiteOne Landscape Supply, Inc. has a 12-month low of $101.25 and a 12-month high of $156.93. The company has a market cap of $6.05 billion, a P/E ratio of 44.10, a PEG ratio of 2.20 and a beta of 1.60.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.09. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.26 billion. SiteOne Landscape Supply had a net margin of 2.98% and a return on equity of 8.62%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm earned $0.97 earnings per share. Sell-side analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

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.