Campbell & CO Investment Adviser LLC Lowers Stock Holdings in SiteOne Landscape Supply, Inc. $SITE

Campbell & CO Investment Adviser LLC cut its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 46.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,989 shares of the industrial products company’s stock after selling 11,214 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in SiteOne Landscape Supply were worth $1,673,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Allworth Financial LP grew its position in SiteOne Landscape Supply by 61.2% in the 2nd quarter. Allworth Financial LP now owns 237 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 90 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of SiteOne Landscape Supply by 36.6% in the first quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 107 shares during the period. HM Payson & Co. boosted its stake in shares of SiteOne Landscape Supply by 32.2% in the third quarter. HM Payson & Co. now owns 398 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 97 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of SiteOne Landscape Supply by 145.2% in the second quarter. Tower Research Capital LLC TRC now owns 456 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 270 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in SiteOne Landscape Supply by 49.5% during the 2nd quarter. Parallel Advisors LLC now owns 562 shares of the industrial products company’s stock worth $68,000 after buying an additional 186 shares during the period.

SiteOne Landscape Supply Stock Performance

NYSE SITE opened at $147.91 on Friday. The business has a 50 day moving average price of $130.98 and a 200 day moving average price of $131.80. The company has a market capitalization of $6.59 billion, a P/E ratio of 48.02, a PEG ratio of 1.56 and a beta of 1.58. SiteOne Landscape Supply, Inc. has a 1-year low of $101.25 and a 1-year high of $154.00. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.49 and a quick ratio of 1.14.

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

Wall Street Analyst Weigh In

SITE has been the subject of several recent research reports. Zacks Research raised shares of SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 26th. Stifel Nicolaus reduced their price objective on SiteOne Landscape Supply from $140.00 to $134.00 and set a “hold” rating on the stock in a research note on Tuesday, December 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a report on Wednesday, October 8th. The Goldman Sachs Group lowered their target price on SiteOne Landscape Supply from $158.00 to $138.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Finally, Barclays set a $134.00 price target on SiteOne Landscape Supply and gave the company an “equal weight” rating in a research report on Monday, December 8th. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $150.10.

SiteOne Landscape Supply 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.