Centiva Capital LP Acquires New Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Centiva Capital LP acquired a new position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,126 shares of the industrial products company's stock, valued at approximately $807,000.

Several other institutional investors and hedge funds have also modified their holdings of SITE. Vanguard Group Inc. raised its position in shares of SiteOne Landscape Supply by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 4,162,578 shares of the industrial products company's stock worth $548,503,000 after acquiring an additional 49,256 shares during the last quarter. Wasatch Advisors LP grew its stake in SiteOne Landscape Supply by 9.7% during the fourth quarter. Wasatch Advisors LP now owns 1,731,098 shares of the industrial products company's stock worth $228,107,000 after purchasing an additional 153,447 shares during the period. Bamco Inc. NY grew its stake in SiteOne Landscape Supply by 4.6% during the fourth quarter. Bamco Inc. NY now owns 1,652,772 shares of the industrial products company's stock worth $217,786,000 after purchasing an additional 72,430 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in SiteOne Landscape Supply by 6.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,598,005 shares of the industrial products company's stock worth $210,570,000 after purchasing an additional 91,719 shares during the period. Finally, Conestoga Capital Advisors LLC grew its stake 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 worth $153,835,000 after purchasing an additional 30,725 shares during the period.

Analyst Upgrades and Downgrades

SITE has been the subject of a number of research reports. Truist Financial reduced their price objective on SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Deutsche Bank Aktiengesellschaft started coverage on SiteOne Landscape Supply in a report on Tuesday, April 1st. They set a "hold" rating and a $135.00 price target on the stock. StockNews.com upgraded SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Thursday, May 1st. Barclays decreased their target price on SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Robert W. Baird reduced their price objective on SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $145.70.

SiteOne Landscape Supply Trading Down 1.3%

NYSE SITE traded down $1.71 on Wednesday, hitting $125.23. The company's stock had a trading volume of 147,074 shares, compared to its average volume of 424,021. SiteOne Landscape Supply, Inc. has a 52-week low of $101.25 and a 52-week high of $161.25. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. The company's 50-day simple moving average is $118.44 and its 200 day simple moving average is $132.59. The firm has a market cap of $5.61 billion, a P/E ratio of 46.55 and a beta of 1.62.

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

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.