Algert Global LLC Raises Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Algert Global LLC grew its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 273.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,206 shares of the industrial products company’s stock after buying an additional 4,546 shares during the quarter. Algert Global LLC’s holdings in SiteOne Landscape Supply were worth $753,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Toronto Dominion Bank acquired a new stake in SiteOne Landscape Supply in the first quarter valued at $29,000. Whittier Trust Co. of Nevada Inc. acquired a new position in SiteOne Landscape Supply during the second quarter worth about $27,000. Benjamin F. Edwards & Company Inc. grew its position in SiteOne Landscape Supply by 588.1% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 289 shares of the industrial products company’s stock worth $50,000 after buying an additional 247 shares during the period. YHB Investment Advisors Inc. purchased a new position in SiteOne Landscape Supply in the first quarter valued at about $58,000. Finally, National Bank of Canada FI boosted its stake in shares of SiteOne Landscape Supply by 67.5% during the 2nd quarter. National Bank of Canada FI now owns 536 shares of the industrial products company’s stock worth $63,000 after acquiring an additional 216 shares in the last quarter.

Insider Buying and Selling at SiteOne Landscape Supply

In related news, Director Fred M. Diaz sold 878 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $129.04, for a total value of $113,297.12. Following the sale, the director now directly owns 11,267 shares of the company’s stock, valued at approximately $1,453,893.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on SITE. Jefferies Financial Group dropped their price objective on SiteOne Landscape Supply from $160.00 to $125.00 and set a “hold” rating for the company in a research note on Thursday, July 11th. StockNews.com lowered shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. Royal Bank of Canada dropped their target price on shares of SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating for the company in a report on Thursday, August 1st. Stifel Nicolaus downgraded shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price target on the stock. in a report on Thursday, August 1st. Finally, Loop Capital lowered their price target on shares of SiteOne Landscape Supply from $155.00 to $140.00 and set a “hold” rating on the stock in a research report on Thursday, June 13th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $144.33.

SiteOne Landscape Supply Stock Down 2.0 %

Shares of NYSE SITE opened at $144.02 on Friday. The firm has a market cap of $6.50 billion, a P/E ratio of 41.74 and a beta of 1.53. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 2.47. SiteOne Landscape Supply, Inc. has a 1 year low of $114.60 and a 1 year high of $188.01. The firm’s 50 day moving average price is $140.71 and its 200 day moving average price is $146.01.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.50 by $0.13. SiteOne Landscape Supply had a return on equity of 10.27% and a net margin of 3.50%. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the firm earned $2.71 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. As a group, sell-side analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.19 earnings per share for the current year.

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.