Occudo Quantitative Strategies LP Grows Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

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

Other institutional investors have also recently bought and sold shares of the company. Trust Co. of Vermont lifted its holdings in SiteOne Landscape Supply by 657.9% during the 4th quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company's stock worth $38,000 after buying an additional 250 shares during the period. Tortoise Investment Management LLC raised its holdings in shares of SiteOne Landscape Supply by 78.9% in the fourth 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 during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in SiteOne Landscape Supply in the 4th quarter valued at $40,000. Brown Brothers Harriman & Co. increased its position in SiteOne Landscape Supply by 395.7% in 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 during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of SiteOne Landscape Supply by 11.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,498 shares of the industrial products company's stock valued at $197,000 after buying an additional 156 shares in the last quarter.

SiteOne Landscape Supply Stock Performance

SITE traded up $2.78 during midday trading on Friday, hitting $125.63. 280,508 shares of the company traded hands, compared to its average volume of 426,940. The company's 50-day moving average is $118.27 and its 200 day moving average is $132.37. SiteOne Landscape Supply, Inc. has a 52 week low of $101.25 and a 52 week high of $160.75. The firm has a market capitalization of $5.63 billion, a PE ratio of 46.70 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 (NYSE:SITE - Get Free Report) last announced its earnings results on Wednesday, April 30th. The industrial products company reported ($0.61) EPS 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 return on equity of 7.93% and a net margin of 2.72%. SiteOne Landscape Supply's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.43) earnings per share. On average, research analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

Wall Street Analyst Weigh In

SITE has been the subject of a number of analyst reports. Truist Financial cut their price objective on shares of SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Stifel Nicolaus decreased their price objective 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. Deutsche Bank Aktiengesellschaft initiated 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. Loop Capital dropped their target price on 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, Robert W. Baird lowered their price objective on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $145.70.

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.