GAMMA Investing LLC Makes New Investment in SiteOne Landscape Supply, Inc. (NYSE:SITE)

GAMMA Investing LLC acquired a new stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 248 shares of the industrial products company’s stock, valued at approximately $38,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northern Trust Corp boosted its stake in shares of SiteOne Landscape Supply by 1.5% in the third quarter. Northern Trust Corp now owns 221,336 shares of the industrial products company’s stock valued at $36,177,000 after buying an additional 3,301 shares during the period. WCM Investment Management LLC lifted its position in shares of SiteOne Landscape Supply by 33.4% during the 4th quarter. WCM Investment Management LLC now owns 33,429 shares of the industrial products company’s stock valued at $5,483,000 after acquiring an additional 8,379 shares during the period. Handelsbanken Fonder AB grew its holdings in shares of SiteOne Landscape Supply by 10.8% during the 4th quarter. Handelsbanken Fonder AB now owns 229,237 shares of the industrial products company’s stock worth $37,251,000 after purchasing an additional 22,400 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of SiteOne Landscape Supply in the third quarter worth $1,826,000. Finally, Trexquant Investment LP bought a new stake in SiteOne Landscape Supply during the third quarter worth about $4,060,000.

SiteOne Landscape Supply Trading Up 1.4 %

NYSE SITE opened at $152.42 on Friday. The company has a current ratio of 2.36, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $169.37 and a 200 day simple moving average of $156.72. SiteOne Landscape Supply, Inc. has a 12 month low of $116.81 and a 12 month high of $188.01. The firm has a market capitalization of $6.89 billion, a P/E ratio of 44.18 and a beta of 1.53.

SiteOne Landscape Supply (NYSE:SITE) last announced its earnings results on Wednesday, May 1st. The industrial products company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.22). The business had revenue of $904.80 million during the quarter, compared to analysts’ expectations of $864.01 million. SiteOne Landscape Supply had a return on equity of 10.77% and a net margin of 3.63%. SiteOne Landscape Supply’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.10) EPS. On average, analysts predict that SiteOne Landscape Supply, Inc. will post 4.02 EPS for the current fiscal year.

Insider Activity at SiteOne Landscape Supply

In related news, CFO John T. Guthrie sold 3,000 shares of SiteOne Landscape Supply stock in a transaction dated 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 sale, the chief financial officer now owns 15,467 shares of the company’s stock, valued at approximately $2,784,060. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other 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 directly owns 15,467 shares in the company, valued at $2,784,060. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Doug Black sold 10,000 shares of the stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $162.10, for a total value of $1,621,000.00. Following the sale, the chief executive officer now directly owns 574,657 shares in the company, valued at approximately $93,151,899.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,000 shares of company stock worth $3,924,500. Insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

SITE has been the topic of several recent analyst reports. Royal Bank of Canada raised their target price on shares of SiteOne Landscape Supply from $150.00 to $157.00 and gave the company a “sector perform” rating in a report on Thursday, February 15th. Barclays dropped their price objective on SiteOne Landscape Supply from $145.00 to $133.00 and set an “underweight” rating for the company in a research report on Thursday. Loop Capital cut SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Robert W. Baird increased their target price on shares of SiteOne Landscape Supply from $175.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Finally, Stifel Nicolaus upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $167.00 to $165.00 in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $167.50.

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.