SiteOne Landscape Supply, Inc. (NYSE:SITE) Holdings Lowered by Aigen Investment Management LP

Aigen Investment Management LP reduced its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 39.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,211 shares of the industrial products company’s stock after selling 2,760 shares during the period. Aigen Investment Management LP’s holdings in SiteOne Landscape Supply were worth $684,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SITE. Northern Trust Corp raised its holdings in shares of SiteOne Landscape Supply by 1.5% in the 3rd quarter. Northern Trust Corp now owns 221,336 shares of the industrial products company’s stock worth $36,177,000 after purchasing an additional 3,301 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of SiteOne Landscape Supply by 5.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 34,701 shares of the industrial products company’s stock valued at $5,639,000 after acquiring an additional 1,922 shares during the last quarter. WCM Investment Management LLC boosted its stake 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 worth $5,483,000 after acquiring an additional 8,379 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in shares of SiteOne Landscape Supply by 10.8% in the 4th quarter. Handelsbanken Fonder AB now owns 229,237 shares of the industrial products company’s stock worth $37,251,000 after acquiring an additional 22,400 shares during the last quarter. Finally, Jackson Square Partners LLC raised its position in shares of SiteOne Landscape Supply by 25.6% during the fourth quarter. Jackson Square Partners LLC now owns 809,775 shares of the industrial products company’s stock worth $131,588,000 after purchasing an additional 165,067 shares during the period.

SiteOne Landscape Supply Price Performance

Shares of NYSE:SITE opened at $156.86 on Thursday. The firm has a market cap of $7.09 billion, a price-to-earnings ratio of 45.15 and a beta of 1.53. SiteOne Landscape Supply, Inc. has a 1 year low of $116.81 and a 1 year high of $188.01. The company has a current ratio of 2.36, a quick ratio of 0.96 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $164.96 and a 200 day simple moving average of $158.72.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly 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 firm had revenue of $904.80 million for 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%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the business earned ($0.10) earnings per share. As a group, sell-side analysts predict that SiteOne Landscape Supply, Inc. will post 4.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SITE. Stifel Nicolaus upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and decreased their price target for the company from $167.00 to $165.00 in a research report on Thursday, May 2nd. Barclays cut their price target on shares of SiteOne Landscape Supply from $145.00 to $133.00 and set an “underweight” rating on the stock in a report on Thursday, May 2nd. Robert W. Baird upped their price target on shares of SiteOne Landscape Supply from $175.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Truist Financial lowered their price objective on shares of SiteOne Landscape Supply from $204.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Finally, Royal Bank of Canada increased their target price on SiteOne Landscape Supply from $150.00 to $157.00 and gave the company a “sector perform” rating in a report on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $167.50.

Insider Buying and Selling

In other news, CFO John T. Guthrie sold 3,000 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $180.00, for a total transaction of $540,000.00. Following the transaction, the chief financial officer now owns 15,467 shares in the company, valued at approximately $2,784,060. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO John T. Guthrie sold 3,000 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $180.00, for a total transaction of $540,000.00. Following the transaction, 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 accessible through this hyperlink. Also, CEO Doug Black sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $176.35, for a total value of $1,763,500.00. Following the completion of the transaction, the chief executive officer now directly owns 574,657 shares in the company, valued at $101,340,761.95. 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.

SiteOne Landscape Supply 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.