SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Purchased by Crown Oak Advisors LLC

Crown Oak Advisors LLC boosted its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 4.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,476 shares of the industrial products company's stock after acquiring an additional 2,392 shares during the period. SiteOne Landscape Supply comprises 3.4% of Crown Oak Advisors LLC's portfolio, making the stock its 15th largest holding. Crown Oak Advisors LLC owned approximately 0.12% of SiteOne Landscape Supply worth $6,737,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SITE. Tortoise Investment Management LLC grew its holdings in shares of SiteOne Landscape Supply by 78.9% during the fourth quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company's stock worth $39,000 after buying 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 fourth quarter worth about $40,000. Brown Brothers Harriman & Co. grew its holdings 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 buying an additional 273 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of SiteOne Landscape Supply by 24.3% during the first quarter. GAMMA Investing LLC now owns 486 shares of the industrial products company's stock worth $59,000 after buying an additional 95 shares in the last quarter. Finally, State of Wyoming grew its holdings in shares of SiteOne Landscape Supply by 6.2% during the fourth quarter. State of Wyoming now owns 1,389 shares of the industrial products company's stock worth $183,000 after buying an additional 81 shares in the last quarter.

SiteOne Landscape Supply Trading Down 0.1%

SITE stock traded down $0.13 during midday trading on Friday, reaching $116.83. 568,503 shares of the company's stock traded hands, compared to its average volume of 429,413. The company has a market capitalization of $5.24 billion, a P/E ratio of 46.55, a PEG ratio of 1.91 and a beta of 1.56. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.36 and a quick ratio of 0.97. SiteOne Landscape Supply, Inc. has a fifty-two week low of $101.25 and a fifty-two week high of $160.75. The business has a 50-day moving average price of $118.48 and a two-hundred day moving average price of $127.25.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported ($0.61) earnings per share for the quarter, missing analysts' consensus estimates of ($0.50) by ($0.11). The business had revenue of $939.40 million for the quarter, compared to analyst estimates of $933.90 million. SiteOne Landscape Supply had a net margin of 2.53% and a return on equity of 7.31%. The company's quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the firm earned ($0.43) earnings per share. Equities research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SITE shares. Barclays lowered their price target on shares of 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 lowered their price target on shares of SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Stifel Nicolaus decreased their target price on shares of SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating on the stock in a research report on Monday, April 28th. Loop Capital decreased their target price on shares of SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating on the stock in a research report on Friday, April 4th. Finally, Wall Street Zen raised shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, SiteOne Landscape Supply presently has an average rating of "Hold" and an average price target of $145.70.

About SiteOne Landscape Supply

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.