Crown Oak Advisors LLC Increases Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Crown Oak Advisors LLC raised its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 12.9% during the 4th quarter, HoldingsChannel reports. The fund owned 53,084 shares of the industrial products company’s stock after acquiring an additional 6,074 shares during the quarter. SiteOne Landscape Supply comprises approximately 3.6% of Crown Oak Advisors LLC’s portfolio, making the stock its 14th biggest holding. Crown Oak Advisors LLC’s holdings in SiteOne Landscape Supply were worth $6,995,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in SiteOne Landscape Supply in the 4th quarter worth approximately $427,000. Mitchell & Pahl Private Wealth LLC boosted its position in shares of SiteOne Landscape Supply by 9.1% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 4,974 shares of the industrial products company’s stock worth $655,000 after purchasing an additional 414 shares during the period. Trust Co. of Vermont increased its stake in shares of SiteOne Landscape Supply by 657.9% in the fourth quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 250 shares in the last quarter. Arkadios Wealth Advisors raised its position in shares of SiteOne Landscape Supply by 9.7% during the 4th quarter. Arkadios Wealth Advisors now owns 2,020 shares of the industrial products company’s stock valued at $266,000 after purchasing an additional 178 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of SiteOne Landscape Supply by 5.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 528,873 shares of the industrial products company’s stock valued at $79,812,000 after buying an additional 29,025 shares in the last quarter.

SiteOne Landscape Supply Stock Down 0.4 %

Shares of SITE opened at $146.65 on Friday. The business’s 50 day simple moving average is $140.49 and its 200-day simple moving average is $140.77. SiteOne Landscape Supply, Inc. has a 1 year low of $114.60 and a 1 year high of $188.01. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. The stock has a market capitalization of $6.62 billion, a price-to-earnings ratio of 47.46 and a beta of 1.56.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.21). SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the company earned $1.25 EPS. SiteOne Landscape Supply’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, equities analysts expect that SiteOne Landscape Supply, Inc. will post 2.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SITE shares. StockNews.com lowered SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research note on Monday. Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and increased their target price for the stock from $145.00 to $175.00 in a research report on Friday, December 6th. The Goldman Sachs Group began coverage on SiteOne Landscape Supply in a report on Thursday, October 10th. They issued a “neutral” rating and a $158.00 price target on the stock. Barclays increased their price objective on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a report on Thursday, October 31st. Finally, Robert W. Baird boosted their target price on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, SiteOne Landscape Supply currently has a consensus rating of “Hold” and an average price target of $156.44.

Insider Activity

In other news, EVP Joseph Ketter sold 6,500 shares of the business’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 transaction, the executive vice president now owns 12,942 shares of the company’s stock, valued at approximately $1,840,352.40. The trade was a 33.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.70% of the company’s stock.

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.