SiteOne Landscape Supply, Inc. (NYSE:SITE) Stake Raised by Duality Advisers LP

Duality Advisers LP increased its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 154.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,360 shares of the industrial products company’s stock after acquiring an additional 2,647 shares during the period. Duality Advisers LP’s holdings in SiteOne Landscape Supply were worth $708,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SITE. Townsquare Capital LLC raised its stake in shares of SiteOne Landscape Supply by 1.1% during the 3rd quarter. Townsquare Capital LLC now owns 6,838 shares of the industrial products company’s stock worth $1,118,000 after purchasing an additional 74 shares in the last quarter. Johnson Investment Counsel Inc. raised its stake in shares of SiteOne Landscape Supply by 0.9% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 9,456 shares of the industrial products company’s stock worth $1,546,000 after purchasing an additional 80 shares in the last quarter. Kestra Advisory Services LLC raised its stake in shares of SiteOne Landscape Supply by 5.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 1,717 shares of the industrial products company’s stock worth $281,000 after purchasing an additional 88 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in shares of SiteOne Landscape Supply by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 19,518 shares of the industrial products company’s stock worth $3,190,000 after purchasing an additional 100 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of SiteOne Landscape Supply by 11.6% during the 3rd quarter. SG Americas Securities LLC now owns 1,093 shares of the industrial products company’s stock worth $179,000 after purchasing an additional 114 shares in the last quarter.

Analyst Ratings Changes

SITE has been the subject of a number of recent research reports. Royal Bank of Canada raised their price target on SiteOne Landscape Supply from $150.00 to $157.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 15th. Robert W. Baird raised their price objective on SiteOne Landscape Supply from $175.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Loop Capital downgraded SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Truist Financial raised their price objective on SiteOne Landscape Supply from $170.00 to $204.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Finally, Barclays raised their price objective on SiteOne Landscape Supply from $121.00 to $145.00 and gave the company an “underweight” rating in a research note on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $172.88.

Insider Buying and Selling

In other SiteOne Landscape Supply news, CFO John T. Guthrie sold 3,000 shares of SiteOne Landscape Supply stock in a transaction on Friday, March 8th. The stock was sold at an average price of $180.00, for a total value of $540,000.00. Following the completion of the transaction, the chief financial officer now owns 15,467 shares in the company, valued at approximately $2,784,060. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other SiteOne Landscape Supply news, CFO John T. Guthrie sold 3,000 shares of SiteOne Landscape Supply stock in a transaction on Friday, March 8th. The stock was sold at an average price of $180.00, for a total value of $540,000.00. Following the completion of the transaction, the chief financial officer now owns 15,467 shares in the company, valued at approximately $2,784,060. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Doug Black sold 10,000 shares of SiteOne Landscape Supply stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $176.35, for a total value of $1,763,500.00. Following the completion of the transaction, the chief executive officer now owns 574,657 shares of the company’s stock, valued at approximately $101,340,761.95. The disclosure for this sale can be found here. Insiders sold 23,000 shares of company stock worth $3,924,500 in the last 90 days. 2.70% of the stock is owned by company insiders.

SiteOne Landscape Supply Stock Performance

SITE opened at $163.76 on Thursday. The firm has a market capitalization of $7.40 billion, a P/E ratio of 43.32 and a beta of 1.54. The stock’s 50 day moving average price is $170.76 and its two-hundred day moving average price is $156.78. The company has a quick ratio of 1.10, a current ratio of 2.43 and a debt-to-equity ratio of 0.29. SiteOne Landscape Supply, Inc. has a 12-month low of $116.81 and a 12-month high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, February 14th. The industrial products company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.07. SiteOne Landscape Supply had a return on equity of 12.13% and a net margin of 4.03%. The company had revenue of $965.00 million for the quarter, compared to analyst estimates of $942.21 million. During the same quarter last year, the firm earned ($0.02) EPS. SiteOne Landscape Supply’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, equities analysts forecast that SiteOne Landscape Supply, Inc. will post 4.04 earnings per share for the current 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.