8,354 Shares in SiteOne Landscape Supply, Inc. (NYSE:SITE) Acquired by PDT Partners LLC

PDT Partners LLC acquired a new stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) during the third quarter, HoldingsChannel reports. The fund acquired 8,354 shares of the industrial products company’s stock, valued at approximately $1,261,000.

A number of other institutional investors have also recently bought and sold shares of the business. Cetera Advisors LLC bought a new stake in SiteOne Landscape Supply in the first quarter valued at about $708,000. Cetera Investment Advisers raised its position in shares of SiteOne Landscape Supply by 143.8% in the 1st quarter. Cetera Investment Advisers now owns 12,281 shares of the industrial products company’s stock valued at $2,144,000 after acquiring an additional 7,244 shares during the period. Swedbank AB boosted its stake in SiteOne Landscape Supply by 6.3% during the 2nd quarter. Swedbank AB now owns 102,000 shares of the industrial products company’s stock worth $12,384,000 after acquiring an additional 6,000 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in SiteOne Landscape Supply by 4.7% during the second quarter. The Manufacturers Life Insurance Company now owns 10,026 shares of the industrial products company’s stock valued at $1,217,000 after purchasing an additional 447 shares during the period. Finally, Algert Global LLC increased its stake in SiteOne Landscape Supply by 375.4% in the third quarter. Algert Global LLC now owns 29,506 shares of the industrial products company’s stock valued at $4,453,000 after purchasing an additional 23,300 shares in the last quarter.

SiteOne Landscape Supply Trading Up 0.2 %

NYSE:SITE opened at $153.25 on Monday. The company has a market cap of $6.91 billion, a P/E ratio of 49.60 and a beta of 1.53. SiteOne Landscape Supply, Inc. has a twelve month low of $114.60 and a twelve month high of $188.01. The business has a 50 day moving average price of $146.38 and a two-hundred day moving average price of $140.23. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.21). SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the firm earned $1.25 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, analysts expect that SiteOne Landscape Supply, Inc. will post 3.41 EPS for the current fiscal year.

Insider Activity

In other news, EVP Joseph Ketter sold 6,500 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $142.20, for a total transaction of $924,300.00. Following the sale, the executive vice president now owns 12,942 shares in the company, valued at $1,840,352.40. This represents a 33.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 2.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SITE. StockNews.com raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Robert W. Baird boosted their target price on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group began coverage on SiteOne Landscape Supply in a research report on Thursday, October 10th. They set a “neutral” rating and a $158.00 price target on the stock. Finally, Barclays boosted their price objective on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, SiteOne Landscape Supply has a consensus rating of “Hold” and a consensus price target of $147.80.

SiteOne Landscape Supply Company 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.