Algert Global LLC Has $4.45 Million Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Algert Global LLC boosted its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 375.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,506 shares of the industrial products company's stock after purchasing an additional 23,300 shares during the quarter. Algert Global LLC owned about 0.07% of SiteOne Landscape Supply worth $4,453,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of SiteOne Landscape Supply during the second quarter worth $27,000. Toronto Dominion Bank acquired a new position in shares of SiteOne Landscape Supply during the 1st quarter worth about $29,000. Blue Trust Inc. increased its stake in shares of SiteOne Landscape Supply by 287.7% in the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 187 shares during the last quarter. American National Bank & Trust bought a new stake in shares of SiteOne Landscape Supply in the 3rd quarter valued at about $49,000. Finally, Quarry LP acquired a new stake in shares of SiteOne Landscape Supply in the 2nd quarter valued at approximately $61,000.

Analysts Set New Price Targets

SITE has been the subject of a number of analyst reports. Stifel Nicolaus downgraded shares of SiteOne Landscape Supply from a "buy" rating to a "hold" rating and set a $150.00 target price for the company. in a research note on Thursday, August 1st. Royal Bank of Canada lowered their price objective on shares of SiteOne Landscape Supply from $133.00 to $132.00 and set a "sector perform" rating for the company in a research report on Thursday, August 1st. StockNews.com upgraded SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Thursday, November 7th. Barclays boosted their target price on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an "underweight" rating in a research note on Thursday, October 31st. Finally, Robert W. Baird raised their price target on SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, SiteOne Landscape Supply currently has a consensus rating of "Hold" and an average target price of $147.80.

SiteOne Landscape Supply Stock Up 5.1 %

SiteOne Landscape Supply stock traded up $7.54 during midday trading on Monday, reaching $156.31. The stock had a trading volume of 518,834 shares, compared to its average volume of 364,050. SiteOne Landscape Supply, Inc. has a 1-year low of $114.60 and a 1-year high of $188.01. 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 simple moving average is $145.80 and its 200-day simple moving average is $140.40. The stock has a market capitalization of $7.05 billion, a P/E ratio of 51.67 and a beta of 1.53.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share for the quarter, missing analysts' consensus estimates of $1.18 by ($0.21). The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. SiteOne Landscape Supply's quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.25 earnings per share. As a group, analysts expect that SiteOne Landscape Supply, Inc. will post 3.41 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Joseph Ketter sold 6,500 shares of SiteOne Landscape Supply stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $142.20, for a total transaction of $924,300.00. Following the completion of the sale, the executive vice president now owns 12,942 shares of the company's stock, valued at approximately $1,840,352.40. This trade represents a 33.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.60% of the company's stock.

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.