Quantinno Capital Management LP Has $907,000 Stock Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Quantinno Capital Management LP increased its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 168.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,007 shares of the industrial products company's stock after buying an additional 3,766 shares during the period. Quantinno Capital Management LP's holdings in SiteOne Landscape Supply were worth $907,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of SiteOne Landscape Supply in the second quarter valued at approximately $27,000. Blue Trust Inc. grew its holdings in SiteOne Landscape Supply by 287.7% during the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company's stock valued at $38,000 after buying an additional 187 shares during the last quarter. American National Bank & Trust acquired a new position in shares of SiteOne Landscape Supply in the third quarter worth $49,000. Quarry LP purchased a new stake in SiteOne Landscape Supply during the 2nd quarter worth about $61,000. Finally, National Bank of Canada FI raised its stake in SiteOne Landscape Supply by 67.5% in the 2nd quarter. National Bank of Canada FI now owns 536 shares of the industrial products company's stock valued at $63,000 after purchasing an additional 216 shares during the last quarter.

Insider Activity at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of the company'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. This represents a 33.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.70% of the stock is currently owned by insiders.

SiteOne Landscape Supply Stock Down 2.6 %

SITE stock traded down $3.79 during trading hours on Friday, hitting $141.29. The company's stock had a trading volume of 259,149 shares, compared to its average volume of 357,645. The company has a market capitalization of $6.38 billion, a PE ratio of 45.72 and a beta of 1.54. The stock has a 50 day moving average price of $146.21 and a two-hundred day moving average price of $139.94. SiteOne Landscape Supply, Inc. has a 12 month low of $114.60 and a 12 month high of $188.01. 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 (NYSE:SITE - Get Free Report) 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 the consensus estimate 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 company's revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.25 earnings per share. On average, equities research analysts expect that SiteOne Landscape Supply, Inc. will post 2.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Barclays lifted their price target on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an "underweight" rating in a report on Thursday, October 31st. Jefferies Financial Group raised SiteOne Landscape Supply from a "hold" rating to a "buy" rating and lifted their price objective for the company from $145.00 to $175.00 in a research report on Friday, December 6th. Robert W. Baird upped their price objective on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. StockNews.com raised shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $156.44.

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.