PDT Partners LLC Buys New Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

PDT Partners LLC bought a new position in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,354 shares of the industrial products company's stock, valued at approximately $1,261,000.

A number of other large investors have also made changes to their positions in SITE. Bank of New York Mellon Corp raised its stake in SiteOne Landscape Supply by 49.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 479,581 shares of the industrial products company's stock valued at $58,226,000 after purchasing an additional 158,350 shares during the period. Vaughan Nelson Investment Management L.P. increased its holdings in shares of SiteOne Landscape Supply by 130.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 198,214 shares of the industrial products company's stock valued at $24,065,000 after purchasing an additional 112,362 shares during the period. American Century Companies Inc. lifted its position in shares of SiteOne Landscape Supply by 44.3% in the second quarter. American Century Companies Inc. now owns 360,079 shares of the industrial products company's stock worth $43,717,000 after purchasing an additional 110,589 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of SiteOne Landscape Supply during the second quarter worth approximately $7,540,000. Finally, Dimensional Fund Advisors LP grew its position in SiteOne Landscape Supply by 10.3% during the second quarter. Dimensional Fund Advisors LP now owns 568,349 shares of the industrial products company's stock valued at $69,007,000 after purchasing an additional 53,131 shares in the last quarter.

SiteOne Landscape Supply Stock Performance

SITE stock traded down $1.77 during midday trading on Monday, hitting $151.48. 336,667 shares of the company traded hands, compared to its average volume of 362,527. The business has a 50 day simple moving average of $146.43 and a 200-day simple moving average of $140.22. 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, Inc. has a twelve month low of $114.60 and a twelve month high of $188.01. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of 49.02 and a beta of 1.53.

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 firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The firm's revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company earned $1.25 earnings per share. As a group, equities research analysts predict that SiteOne Landscape Supply, Inc. will post 3.41 earnings per share for the current year.

Insider Buying and Selling at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of the firm's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $142.20, for a total value of $924,300.00. Following the sale, the executive vice president now directly owns 12,942 shares in the company, valued at $1,840,352.40. This trade represents a 33.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.70% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SITE shares. Robert W. Baird increased their target price on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock 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 company an "underweight" rating in a research report on Thursday, October 31st. StockNews.com upgraded SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group started coverage on SiteOne Landscape Supply in a report on Thursday, October 10th. They set a "neutral" rating and a $158.00 price target for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $147.80.

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.