Advantage Alpha Capital Partners LP Lowers Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Advantage Alpha Capital Partners LP reduced its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 5.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 52,052 shares of the industrial products company’s stock after selling 2,838 shares during the period. SiteOne Landscape Supply makes up 1.6% of Advantage Alpha Capital Partners LP’s portfolio, making the stock its 15th largest holding. Advantage Alpha Capital Partners LP owned approximately 0.12% of SiteOne Landscape Supply worth $6,859,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of SiteOne Landscape Supply by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 4,162,578 shares of the industrial products company’s stock worth $548,503,000 after buying an additional 49,256 shares in the last quarter. Bamco Inc. NY grew its holdings in shares of SiteOne Landscape Supply by 8.9% in the third quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company’s stock valued at $238,489,000 after purchasing an additional 129,252 shares in the last quarter. Wasatch Advisors LP increased its position in SiteOne Landscape Supply by 11.4% in the third quarter. Wasatch Advisors LP now owns 1,577,651 shares of the industrial products company’s stock worth $238,083,000 after purchasing an additional 161,846 shares during the last quarter. Conestoga Capital Advisors LLC lifted its position in SiteOne Landscape Supply by 2.7% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,167,454 shares of the industrial products company’s stock valued at $153,835,000 after purchasing an additional 30,725 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of SiteOne Landscape Supply by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 717,975 shares of the industrial products company’s stock valued at $108,381,000 after buying an additional 3,434 shares in the last quarter.

SiteOne Landscape Supply Stock Up 0.1 %

Shares of SiteOne Landscape Supply stock opened at $122.03 on Monday. 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 cap of $5.49 billion, a price-to-earnings ratio of 45.37 and a beta of 1.69. The firm’s 50-day moving average is $134.37 and its two-hundred day moving average is $139.88. SiteOne Landscape Supply, Inc. has a 1 year low of $114.60 and a 1 year high of $186.42.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.22). SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. As a group, research analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Stifel Nicolaus restated a “hold” rating and set a $140.00 price objective (down from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday, February 10th. UBS Group lowered their price target on SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Robert W. Baird reduced their target price on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and raised their price objective for the stock from $145.00 to $175.00 in a research note on Friday, December 6th. Finally, Royal Bank of Canada upped their target price on SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, SiteOne Landscape Supply currently has an average rating of “Hold” and an average price target of $154.56.

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.