Aigen Investment Management LP Sells 1,669 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Aigen Investment Management LP trimmed its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 37.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,732 shares of the industrial products company’s stock after selling 1,669 shares during the quarter. Aigen Investment Management LP’s holdings in SiteOne Landscape Supply were worth $412,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC increased its position in shares of SiteOne Landscape Supply by 10.8% during the third quarter. Venturi Wealth Management LLC now owns 1,551 shares of the industrial products company’s stock worth $234,000 after purchasing an additional 151 shares in the last quarter. Axxcess Wealth Management LLC purchased a new position in shares of SiteOne Landscape Supply in the third quarter worth $214,000. Verdence Capital Advisors LLC lifted its stake in shares of SiteOne Landscape Supply by 15.7% during the third quarter. Verdence Capital Advisors LLC now owns 2,998 shares of the industrial products company’s stock worth $452,000 after buying an additional 406 shares during the period. Kornitzer Capital Management Inc. KS grew its holdings in shares of SiteOne Landscape Supply by 63.7% during the third quarter. Kornitzer Capital Management Inc. KS now owns 55,485 shares of the industrial products company’s stock valued at $8,373,000 after buying an additional 21,585 shares during the last quarter. Finally, Malaga Cove Capital LLC raised its stake in SiteOne Landscape Supply by 29.2% in the 3rd quarter. Malaga Cove Capital LLC now owns 7,533 shares of the industrial products company’s stock worth $1,137,000 after acquiring an additional 1,704 shares during the last quarter.

Wall Street Analyst Weigh In

SITE has been the topic of a number of research reports. Royal Bank of Canada cut their price objective on SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating on the stock in a report on Thursday, August 1st. Barclays raised their price target on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a research report on Thursday, October 31st. Stifel Nicolaus downgraded shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price objective on the stock. in a report on Thursday, August 1st. StockNews.com raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group assumed coverage on shares of SiteOne Landscape Supply in a report on Thursday, October 10th. They issued a “neutral” rating and a $158.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, SiteOne Landscape Supply has a consensus rating of “Hold” and a consensus price target of $147.80.

SiteOne Landscape Supply Stock Down 0.8 %

SITE opened at $142.83 on Friday. The company has a fifty day moving average of $144.86 and a two-hundred day moving average of $141.10. 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, Inc. has a fifty-two week low of $114.60 and a fifty-two week high of $188.01. The stock has a market capitalization of $6.44 billion, a price-to-earnings ratio of 46.22 and a beta of 1.53.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.21). The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.25 EPS. On average, research analysts expect that SiteOne Landscape Supply, Inc. will post 3.41 earnings per share for the current year.

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.