Aquatic Capital Management LLC Acquires New Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Aquatic Capital Management LLC purchased a new stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 7,431 shares of the industrial products company's stock, valued at approximately $979,000.

Other institutional investors have also modified their holdings of the company. Trust Co. of Vermont lifted its stake in 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 acquiring an additional 250 shares during the last quarter. Tortoise Investment Management LLC raised its holdings in shares of SiteOne Landscape Supply by 78.9% in the 4th quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 131 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of SiteOne Landscape Supply during the 4th quarter worth $40,000. Brown Brothers Harriman & Co. grew its stake in shares of SiteOne Landscape Supply by 395.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 342 shares of the industrial products company's stock worth $45,000 after purchasing an additional 273 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in SiteOne Landscape Supply in the third quarter valued at $71,000.

SiteOne Landscape Supply Stock Performance

Shares of SiteOne Landscape Supply stock traded up $5.05 during trading on Friday, reaching $121.96. The company's stock had a trading volume of 783,805 shares, compared to its average volume of 416,978. The company has a 50-day moving average price of $118.90 and a two-hundred day moving average price of $133.66. SiteOne Landscape Supply, Inc. has a fifty-two week low of $101.25 and a fifty-two week high of $161.25. The firm has a market cap of $5.47 billion, a PE ratio of 45.34 and a beta of 1.62. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported ($0.61) EPS for the quarter, missing analysts' consensus estimates of ($0.50) by ($0.11). SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. The business had revenue of $939.40 million during the quarter, compared to analyst estimates of $933.90 million. During the same quarter in the prior year, the firm posted ($0.43) earnings per share. The company's revenue for the quarter was up 3.8% compared to the same quarter last year. On average, analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on SITE. Stifel Nicolaus decreased their price target on SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating for the company in a report on Monday, April 28th. StockNews.com raised SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Thursday. Barclays lowered their price target on SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Truist Financial cut their price objective on shares of SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating on the stock in a report on Thursday. Finally, Loop Capital lowered their target price on shares of SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating for the company in a report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, SiteOne Landscape Supply currently has a consensus rating of "Hold" and a consensus price target of $145.70.

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.