Twin Tree Management LP Sells 6,036 Shares of SiteOne Landscape Supply, Inc. $SITE

Twin Tree Management LP lowered its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 70.2% during the fourth quarter, Holdings Channel reports. The firm owned 2,564 shares of the industrial products company’s stock after selling 6,036 shares during the period. Twin Tree Management LP’s holdings in SiteOne Landscape Supply were worth $319,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Capital World Investors raised its holdings in shares of SiteOne Landscape Supply by 37.9% during the 4th quarter. Capital World Investors now owns 1,402,337 shares of the industrial products company’s stock valued at $174,675,000 after purchasing an additional 385,666 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of SiteOne Landscape Supply during the 4th quarter valued at $74,000. Vestcor Inc bought a new position in shares of SiteOne Landscape Supply during the 4th quarter valued at $254,000. Goldman Sachs Group Inc. raised its holdings in shares of SiteOne Landscape Supply by 16.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 99,728 shares of the industrial products company’s stock valued at $12,422,000 after purchasing an additional 14,207 shares in the last quarter. Finally, Norges Bank bought a new position in shares of SiteOne Landscape Supply during the 4th quarter valued at $18,925,000.

SiteOne Landscape Supply Stock Performance

NYSE:SITE opened at $107.24 on Wednesday. SiteOne Landscape Supply, Inc. has a 1 year low of $100.52 and a 1 year high of $168.56. The firm’s fifty day simple moving average is $124.14 and its 200 day simple moving average is $132.95. The company has a current ratio of 2.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $4.75 billion, a PE ratio of 31.82, a PEG ratio of 1.33 and a beta of 1.35.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, April 29th. The industrial products company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.27). SiteOne Landscape Supply had a net margin of 3.24% and a return on equity of 9.22%. The firm had revenue of $940.10 million during the quarter, compared to analyst estimates of $982.27 million. During the same quarter in the previous year, the business posted ($0.61) earnings per share. The business’s quarterly revenue was up .1% compared to the same quarter last year. On average, sell-side analysts anticipate that SiteOne Landscape Supply, Inc. will post 4.18 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Zacks Research upgraded shares of SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. UBS Group assumed coverage on shares of SiteOne Landscape Supply in a research note on Friday, April 10th. They issued a “neutral” rating and a $140.00 target price on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Thursday, April 30th. Weiss Ratings lowered shares of SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Finally, Barclays lowered their target price on shares of SiteOne Landscape Supply from $150.00 to $148.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $160.10.

Insider Transactions at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 563 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $115.13, for a total value of $64,818.19. Following the sale, the director directly owned 11,829 shares in the company, valued at $1,361,872.77. This trade represents a 4.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.10% of the company’s stock.

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.