Jane Street Group LLC Has $1.17 Million Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Jane Street Group LLC cut its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 70.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,719 shares of the industrial products company’s stock after selling 18,077 shares during the quarter. Jane Street Group LLC’s holdings in SiteOne Landscape Supply were worth $1,165,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SITE. Blue Trust Inc. boosted its position in shares of SiteOne Landscape Supply by 287.7% in the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 187 shares during the period. American National Bank & Trust bought a new stake in SiteOne Landscape Supply in the 3rd quarter valued at about $49,000. Eagle Bay Advisors LLC boosted its holdings in SiteOne Landscape Supply by 126.9% in the 3rd quarter. Eagle Bay Advisors LLC now owns 497 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 278 shares during the period. Quarry LP acquired a new position in shares of SiteOne Landscape Supply during the 2nd quarter worth approximately $61,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of SiteOne Landscape Supply by 35.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 521 shares of the industrial products company’s stock worth $63,000 after purchasing an additional 135 shares during the period.

SiteOne Landscape Supply Price Performance

SITE stock opened at $133.71 on Monday. 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 cap of $6.03 billion, a price-to-earnings ratio of 43.27 and a beta of 1.54. The company has a 50 day simple moving average of $144.29 and a 200 day simple moving average of $139.67.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.21). The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.25 earnings per share. Research analysts anticipate that SiteOne Landscape Supply, Inc. will post 2.94 EPS for the current fiscal year.

Analyst Ratings Changes

SITE has been the topic of a number of analyst reports. StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. The Goldman Sachs Group assumed coverage on SiteOne Landscape Supply in a report on Thursday, October 10th. They set a “neutral” rating and a $158.00 target price on the stock. Robert W. Baird boosted their price target on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and upped their price objective for the stock from $145.00 to $175.00 in a research report on Friday, December 6th. Finally, Barclays raised their target price 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, SiteOne Landscape Supply currently has a consensus rating of “Hold” and a consensus price target of $156.44.

Insider Activity

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $142.20, for a total value of $924,300.00. Following the sale, the executive vice president now owns 12,942 shares in the company, valued at approximately $1,840,352.40. The trade was a 33.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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.