GAMMA Investing LLC Has $7.17 Million Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

GAMMA Investing LLC grew its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 14,994.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,020 shares of the industrial products company's stock after purchasing an additional 58,629 shares during the quarter. GAMMA Investing LLC owned approximately 0.13% of SiteOne Landscape Supply worth $7,167,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in shares of SiteOne Landscape Supply in the 4th quarter valued at $40,676,000. Artisan Partners Limited Partnership grew its stake in shares of SiteOne Landscape Supply by 137.2% in the fourth quarter. Artisan Partners Limited Partnership now owns 368,142 shares of the industrial products company's stock worth $48,510,000 after acquiring an additional 212,907 shares in the last quarter. BLI Banque de Luxembourg Investments purchased a new position in SiteOne Landscape Supply in the fourth quarter worth approximately $22,787,000. Skandinaviska Enskilda Banken AB publ increased its holdings in SiteOne Landscape Supply by 320.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 226,300 shares of the industrial products company's stock valued at $29,713,000 after buying an additional 172,500 shares during the last quarter. Finally, Wasatch Advisors LP grew its position in shares of SiteOne Landscape Supply by 9.7% in the 4th quarter. Wasatch Advisors LP now owns 1,731,098 shares of the industrial products company's stock valued at $228,107,000 after buying an additional 153,447 shares during the last quarter.

SiteOne Landscape Supply Price Performance

NYSE SITE traded down $0.57 during trading on Thursday, reaching $123.13. 612,551 shares of the company traded hands, compared to its average volume of 429,207. SiteOne Landscape Supply, Inc. has a 1-year low of $101.25 and a 1-year high of $160.75. The company has a market cap of $5.52 billion, a price-to-earnings ratio of 45.77 and a beta of 1.56. The stock's 50 day moving average price is $117.34 and its two-hundred day moving average price is $129.06. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53.

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 company had revenue of $939.40 million during the quarter, compared to the consensus estimate of $933.90 million. SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. The business's revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.43) earnings per share. As a group, analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

Wall Street Analysts Forecast Growth

SITE has been the topic of a number of analyst reports. Royal Bank of Canada lowered their price objective on SiteOne Landscape Supply from $136.00 to $130.00 and set a "sector perform" rating on the stock in a 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 for the company in a report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft initiated coverage on SiteOne Landscape Supply in a report on Tuesday, April 1st. They issued a "hold" rating and a $135.00 price target for the company. Wall Street Zen upgraded shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Thursday, May 1st. Finally, Loop Capital dropped 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 report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Based on 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 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.