Occudo Quantitative Strategies LP Buys 8,073 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Occudo Quantitative Strategies LP raised its position in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 251.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,286 shares of the industrial products company's stock after buying an additional 8,073 shares during the period. Occudo Quantitative Strategies LP's holdings in SiteOne Landscape Supply were worth $1,487,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in SiteOne Landscape Supply by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 4,162,578 shares of the industrial products company's stock valued at $548,503,000 after buying an additional 49,256 shares during the last quarter. Wasatch Advisors LP increased its stake in 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. Bamco Inc. NY increased its stake in SiteOne Landscape Supply by 4.6% in the 4th quarter. Bamco Inc. NY now owns 1,652,772 shares of the industrial products company's stock valued at $217,786,000 after buying an additional 72,430 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in SiteOne Landscape Supply by 6.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,598,005 shares of the industrial products company's stock valued at $210,570,000 after buying an additional 91,719 shares during the last quarter. Finally, Conestoga Capital Advisors LLC increased its stake in SiteOne Landscape Supply by 2.7% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,167,454 shares of the industrial products company's stock valued at $153,835,000 after buying an additional 30,725 shares during the last quarter.

SiteOne Landscape Supply Stock Performance

SiteOne Landscape Supply stock traded up $2.78 during mid-day trading on Friday, reaching $125.63. The company's stock had a trading volume of 280,508 shares, compared to its average volume of 427,779. SiteOne Landscape Supply, Inc. has a 12-month low of $101.25 and a 12-month high of $160.75. The company has a market capitalization of $5.63 billion, a P/E ratio of 46.70 and a beta of 1.62. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. The firm's fifty day moving average price is $118.30 and its two-hundred day moving average price is $132.14.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released its quarterly earnings data 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). 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 analysts' expectations of $933.90 million. During the same quarter in the prior year, the firm posted ($0.43) earnings per share. The firm's quarterly revenue was up 3.8% on a year-over-year basis. Sell-side analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on SITE. Robert W. Baird reduced their target price 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. Deutsche Bank Aktiengesellschaft began coverage on shares of SiteOne Landscape Supply in a research report on Tuesday, April 1st. They set a "hold" rating and a $135.00 target price for the company. UBS Group reduced their target price on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Loop Capital reduced 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 research report on Friday, April 4th. Finally, Barclays reduced their target price on shares of SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average 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.