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

Aigen Investment Management LP cut its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 23.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,084 shares of the industrial products company’s stock after selling 648 shares during the period. Aigen Investment Management LP’s holdings in SiteOne Landscape Supply were worth $275,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in SITE. Wealth Enhancement Advisory Services LLC raised its position in SiteOne Landscape Supply by 5.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,131 shares of the industrial products company’s stock worth $322,000 after acquiring an additional 113 shares during the period. Janney Montgomery Scott LLC raised its position in shares of SiteOne Landscape Supply by 2.5% in the third quarter. Janney Montgomery Scott LLC now owns 36,504 shares of the industrial products company’s stock valued at $5,509,000 after buying an additional 878 shares during the last quarter. Van ECK Associates Corp raised its position in shares of SiteOne Landscape Supply by 40.0% in the third quarter. Van ECK Associates Corp now owns 23,984 shares of the industrial products company’s stock valued at $3,338,000 after buying an additional 6,853 shares during the last quarter. Verdence Capital Advisors LLC raised its position in shares of SiteOne Landscape Supply by 15.7% in the third quarter. Verdence Capital Advisors LLC now owns 2,998 shares of the industrial products company’s stock valued at $452,000 after buying an additional 406 shares during the last quarter. Finally, Axxcess Wealth Management LLC acquired a new stake in shares of SiteOne Landscape Supply in the third quarter valued at about $214,000.

SiteOne Landscape Supply Trading Up 2.9 %

Shares of SITE stock opened at $128.79 on Friday. 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 firm has a market cap of $5.79 billion, a PE ratio of 47.88 and a beta of 1.69. The company has a 50-day moving average of $135.79 and a two-hundred day moving average of $141.06. SiteOne Landscape Supply, Inc. has a 1-year low of $114.60 and a 1-year high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last announced its 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%. On average, analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SITE shares. Stifel Nicolaus reiterated a “hold” rating and issued a $140.00 target price (down from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday, February 10th. Royal Bank of Canada increased their target price on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. StockNews.com cut shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Saturday. Jefferies Financial Group upgraded 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 report on Friday, December 6th. Finally, UBS Group cut their price objective on shares of 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. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.