Dark Forest Capital Management LP Buys New Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Dark Forest Capital Management LP bought a new stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 5,438 shares of the industrial products company's stock, valued at approximately $717,000.

Other large investors have also recently made changes to their positions in the company. Trust Co. of Vermont increased its holdings 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 valued at $38,000 after buying an additional 250 shares in the last quarter. Tortoise Investment Management LLC increased its stake 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 position in SiteOne Landscape Supply during the fourth quarter worth approximately $40,000. Brown Brothers Harriman & Co. boosted its position in 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 stake in shares of SiteOne Landscape Supply in the third quarter valued at approximately $71,000.

SiteOne Landscape Supply Trading Down 1.3 %

Shares of SiteOne Landscape Supply stock traded down $1.43 during mid-day trading on Wednesday, hitting $112.68. The stock had a trading volume of 242,125 shares, compared to its average volume of 415,390. The firm has a 50-day moving average of $119.81 and a two-hundred day moving average of $134.17. The firm has a market cap of $5.07 billion, a P/E ratio of 41.91 and a beta of 1.62. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. SiteOne Landscape Supply, Inc. has a 12-month low of $101.25 and a 12-month high of $161.25.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted 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%. During the same period last year, the firm posted ($0.43) EPS. SiteOne Landscape Supply's revenue for the quarter was up 3.8% compared to the same quarter last year. Sell-side analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SITE. Deutsche Bank Aktiengesellschaft began coverage on shares of SiteOne Landscape Supply in a research note on Tuesday, April 1st. They issued a "hold" rating and a $135.00 price target on the stock. Robert W. Baird reduced their price target on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Stifel Nicolaus lowered their price objective on SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating on the stock in a report on Monday. UBS Group reduced their target price on SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Finally, StockNews.com cut SiteOne Landscape Supply from a "hold" rating to a "sell" rating in a research report on Wednesday, April 23rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, SiteOne Landscape Supply currently has an average rating of "Hold" and a consensus target price of $148.30.

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.