5,438 Shares in SiteOne Landscape Supply, Inc. (NYSE:SITE) Bought by Dark Forest Capital Management LP

Dark Forest Capital Management LP acquired a new position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,438 shares of the industrial products company's stock, valued at approximately $717,000.

A number of other institutional investors have also modified their holdings of the company. Trust Co. of Vermont raised its position in SiteOne Landscape Supply by 657.9% in the 4th quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 250 shares in the last quarter. Tortoise Investment Management LLC boosted its stake in SiteOne Landscape Supply by 78.9% during the 4th quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company's stock worth $39,000 after purchasing an additional 131 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of SiteOne Landscape Supply during the fourth quarter worth about $40,000. Brown Brothers Harriman & Co. increased its holdings in shares of 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 valued at $45,000 after purchasing an additional 273 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in SiteOne Landscape Supply during the 3rd quarter worth $71,000.

SiteOne Landscape Supply Price Performance

Shares of NYSE:SITE traded down $0.03 during midday trading on Monday, reaching $114.96. 461,830 shares of the company's stock were exchanged, compared to its average volume of 414,607. The firm has a market capitalization of $5.17 billion, a PE ratio of 42.74 and a beta of 1.62. The company's 50 day simple moving average is $120.88 and its two-hundred day simple moving average is $134.54. SiteOne Landscape Supply, Inc. has a 12 month low of $101.25 and a 12 month high of $165.97. 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 posted its earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.22). SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. Equities research analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Loop Capital lowered their price target on SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating on the stock in a report on Friday, April 4th. Barclays lowered their price objective on shares of SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Stifel Nicolaus cut their price target on shares of SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating on the stock in a report on Monday. Robert W. Baird decreased their target price on 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. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of SiteOne Landscape Supply in a research note on Tuesday, April 1st. They set a "hold" rating and a $135.00 price objective on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, SiteOne Landscape Supply presently has a consensus rating of "Hold" and an average target price of $148.30.

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.