Jane Street Group LLC Sells 18,077 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Jane Street Group LLC lessened its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 70.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,719 shares of the industrial products company's stock after selling 18,077 shares during the quarter. Jane Street Group LLC's holdings in SiteOne Landscape Supply were worth $1,165,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SITE. Holocene Advisors LP lifted its stake in shares of SiteOne Landscape Supply by 38.2% in the 3rd quarter. Holocene Advisors LP now owns 51,625 shares of the industrial products company's stock valued at $7,791,000 after acquiring an additional 14,269 shares during the last quarter. Algert Global LLC raised its position in SiteOne Landscape Supply by 375.4% in the third quarter. Algert Global LLC now owns 29,506 shares of the industrial products company's stock valued at $4,453,000 after purchasing an additional 23,300 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of SiteOne Landscape Supply by 4.7% during the second quarter. The Manufacturers Life Insurance Company now owns 10,026 shares of the industrial products company's stock valued at $1,217,000 after purchasing an additional 447 shares in the last quarter. Point72 DIFC Ltd bought a new stake in shares of SiteOne Landscape Supply during the second quarter worth about $449,000. Finally, Janus Henderson Group PLC increased its stake in shares of SiteOne Landscape Supply by 36.5% in the third quarter. Janus Henderson Group PLC now owns 49,784 shares of the industrial products company's stock valued at $7,512,000 after buying an additional 13,314 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. The Goldman Sachs Group initiated coverage on shares of SiteOne Landscape Supply in a research report on Thursday, October 10th. They set a "neutral" rating and a $158.00 target price on the stock. Jefferies Financial Group upgraded shares of SiteOne Landscape Supply from a "hold" rating to a "buy" rating and lifted their price target for the stock from $145.00 to $175.00 in a report on Friday, December 6th. Robert W. Baird upped their price target on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Barclays lifted their price objective on SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an "underweight" rating in a research note on Thursday, October 31st. Finally, StockNews.com upgraded shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $156.44.

SiteOne Landscape Supply Stock Down 1.8 %

Shares of SiteOne Landscape Supply stock traded down $2.41 during trading hours on Monday, reaching $131.30. The company's stock had a trading volume of 249,774 shares, compared to its average volume of 356,381. The company has a market capitalization of $5.92 billion, a P/E ratio of 42.49 and a beta of 1.54. The stock's fifty day simple moving average is $144.08 and its two-hundred day simple moving average is $139.67. SiteOne Landscape Supply, Inc. has a one year low of $114.60 and a one 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.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released 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 company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. SiteOne Landscape Supply's revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.25 EPS. On average, research analysts forecast that SiteOne Landscape Supply, Inc. will post 2.94 earnings per share for the current year.

Insider Activity at SiteOne Landscape Supply

In related news, EVP Joseph Ketter sold 6,500 shares of the business's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $142.20, for a total transaction of $924,300.00. Following the transaction, the executive vice president now directly owns 12,942 shares in the company, valued at approximately $1,840,352.40. The trade was a 33.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is currently owned by insiders.

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.