Algert Global LLC Grows Stock Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Algert Global LLC increased its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 13.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,608 shares of the industrial products company’s stock after purchasing an additional 4,102 shares during the quarter. Algert Global LLC owned approximately 0.07% of SiteOne Landscape Supply worth $4,429,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Tidal Investments LLC lifted its stake in shares of 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 worth $780,000 after buying an additional 77 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of SiteOne Landscape Supply by 0.6% in the fourth quarter. Arizona State Retirement System now owns 13,096 shares of the industrial products company’s stock valued at $1,726,000 after purchasing an additional 77 shares during the last quarter. HighPoint Advisor Group LLC lifted its position in SiteOne Landscape Supply by 4.0% during the fourth quarter. HighPoint Advisor Group LLC now owns 2,037 shares of the industrial products company’s stock worth $271,000 after buying an additional 78 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in SiteOne Landscape Supply by 0.7% during the fourth quarter. Treasurer of the State of North Carolina now owns 19,611 shares of the industrial products company’s stock worth $2,584,000 after buying an additional 130 shares during the last quarter. Finally, Tortoise Investment Management LLC grew its holdings in SiteOne Landscape Supply by 78.9% in the 4th quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company’s stock valued at $39,000 after buying an additional 131 shares in the last quarter.

SiteOne Landscape Supply Stock Performance

Shares of SITE stock opened at $120.76 on Tuesday. The firm has a 50 day moving average of $118.72 and a two-hundred day moving average of $133.31. The stock has a market capitalization of $5.41 billion, a PE ratio of 44.89 and a beta of 1.62. 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, Inc. has a 52 week low of $101.25 and a 52 week high of $161.25.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, April 30th. The industrial products company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.50) by ($0.11). The company had revenue of $939.40 million for the quarter, compared to analyst estimates of $933.90 million. SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.43) earnings per share. On average, research analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SITE shares. StockNews.com raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Thursday, May 1st. Stifel Nicolaus reduced their price target on shares of SiteOne Landscape Supply from $145.00 to $126.00 and set a “hold” rating on the stock in a research report on Monday, April 28th. Loop Capital cut their target price on SiteOne Landscape Supply from $150.00 to $125.00 and set a “hold” rating for the company in a research note on Friday, April 4th. Deutsche Bank Aktiengesellschaft initiated coverage on SiteOne Landscape Supply in a research note on Tuesday, April 1st. They issued a “hold” rating and a $135.00 price target on the stock. Finally, Royal Bank of Canada reduced their price objective on shares of SiteOne Landscape Supply from $136.00 to $130.00 and set a “sector perform” rating on the stock in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $145.70.

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.