Dark Forest Capital Management LP Invests $717,000 in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Dark Forest Capital Management LP bought a new stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,438 shares of the industrial products company’s stock, valued at approximately $717,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in shares of SiteOne Landscape Supply by 71.2% during the third quarter. Barclays PLC now owns 48,398 shares of the industrial products company’s stock worth $7,304,000 after purchasing an additional 20,134 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in SiteOne Landscape Supply in the 3rd quarter worth approximately $71,000. Tidal Investments LLC grew its position in SiteOne Landscape Supply by 1.5% in the third quarter. Tidal Investments LLC now owns 5,166 shares of the industrial products company’s stock valued at $780,000 after acquiring an additional 77 shares in the last quarter. Synovus Financial Corp raised its stake in shares of SiteOne Landscape Supply by 12.0% during the third quarter. Synovus Financial Corp now owns 1,954 shares of the industrial products company’s stock valued at $295,000 after purchasing an additional 209 shares during the period. Finally, Oddo BHF Asset Management Sas acquired a new position in shares of SiteOne Landscape Supply during the third quarter worth $1,099,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Robert W. Baird lowered their price target on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Barclays dropped their target price on SiteOne Landscape Supply from $120.00 to $106.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 8th. Loop Capital reduced their price target on SiteOne Landscape Supply from $150.00 to $125.00 and set a “hold” rating for the company in a report on Friday, April 4th. Deutsche Bank Aktiengesellschaft started coverage on SiteOne Landscape Supply in a research note on Tuesday, April 1st. They set a “hold” rating and a $135.00 price objective for the company. Finally, Royal Bank of Canada increased their target price on SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $149.70.

SiteOne Landscape Supply Stock Performance

SiteOne Landscape Supply stock opened at $117.07 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. SiteOne Landscape Supply, Inc. has a 12 month low of $101.25 and a 12 month high of $165.97. The company has a fifty day moving average price of $121.45 and a two-hundred day moving average price of $134.84. The company has a market cap of $5.26 billion, a PE ratio of 43.52 and a beta of 1.62.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) 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 year.

About SiteOne Landscape Supply

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.