Advantage Alpha Capital Partners LP Sells 7,445 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Advantage Alpha Capital Partners LP decreased its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 11.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,890 shares of the industrial products company's stock after selling 7,445 shares during the quarter. SiteOne Landscape Supply comprises approximately 1.9% of Advantage Alpha Capital Partners LP's holdings, making the stock its 5th biggest holding. Advantage Alpha Capital Partners LP owned approximately 0.12% of SiteOne Landscape Supply worth $8,283,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. acquired a new stake in SiteOne Landscape Supply in the second quarter valued at approximately $27,000. Toronto Dominion Bank purchased a new position in shares of SiteOne Landscape Supply in the first quarter valued at $29,000. 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 purchasing an additional 187 shares in the last quarter. American National Bank & Trust purchased a new stake in SiteOne Landscape Supply during the 3rd quarter worth $49,000. Finally, Quarry LP acquired a new position in SiteOne Landscape Supply in the 2nd quarter worth $61,000.

SiteOne Landscape Supply Stock Performance

SITE stock traded down $4.85 during midday trading on Tuesday, reaching $151.46. The company had a trading volume of 222,965 shares, compared to its average volume of 363,434. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. The stock has a 50 day moving average price of $146.10 and a 200 day moving average price of $140.39. The firm has a market capitalization of $6.83 billion, a PE ratio of 50.59 and a beta of 1.53. SiteOne Landscape Supply, Inc. has a fifty-two week low of $114.60 and a fifty-two week high of $188.01.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.97 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 the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.25 earnings per share. Analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.41 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Joseph Ketter sold 6,500 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $142.20, for a total value of $924,300.00. Following the completion of the transaction, the executive vice president now directly owns 12,942 shares of the company's stock, valued at $1,840,352.40. This represents a 33.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SITE. Royal Bank of Canada dropped their target price on SiteOne Landscape Supply from $133.00 to $132.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 1st. Barclays increased 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. Robert W. Baird raised their price target 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. StockNews.com raised shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Thursday, November 7th. Finally, Truist Financial raised their price objective on shares of SiteOne Landscape Supply from $158.00 to $165.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, SiteOne Landscape Supply currently has an average rating of "Hold" and a consensus price target of $147.80.

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.