Holocene Advisors LP Boosts Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Holocene Advisors LP grew its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 38.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,625 shares of the industrial products company's stock after acquiring an additional 14,269 shares during the period. Holocene Advisors LP owned 0.11% of SiteOne Landscape Supply worth $7,791,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. bought a new position in shares of SiteOne Landscape Supply during the second quarter valued at approximately $27,000. Blue Trust Inc. lifted its position in SiteOne Landscape Supply by 287.7% during the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 187 shares during the last quarter. American National Bank & Trust purchased a new stake in SiteOne Landscape Supply during the third quarter valued at approximately $49,000. Quarry LP purchased a new stake in SiteOne Landscape Supply during the second quarter valued at approximately $61,000. Finally, National Bank of Canada FI lifted its position in SiteOne Landscape Supply by 67.5% during the second quarter. National Bank of Canada FI now owns 536 shares of the industrial products company's stock valued at $63,000 after acquiring an additional 216 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. 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 for the company. Barclays raised 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. StockNews.com raised shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Thursday, November 7th. Finally, 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 report on Wednesday, October 16th. 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.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $147.80.

Insider Transactions 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 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 sale, the executive vice president now directly owns 12,942 shares of the company's stock, 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 Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.70% of the company's stock.

SiteOne Landscape Supply Stock Performance

SITE stock traded down $2.54 on Wednesday, hitting $148.53. The company's stock had a trading volume of 236,939 shares, compared to its average volume of 361,126. The firm has a 50 day moving average of $146.46 and a two-hundred day moving average of $140.27. SiteOne Landscape Supply, Inc. has a 1 year low of $114.60 and a 1 year high of $188.01. The stock has a market cap of $6.70 billion, a price-to-earnings ratio of 48.07 and a beta of 1.54. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced 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 firm had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.19 billion. SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The firm's quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.25 EPS. Equities analysts predict that SiteOne Landscape Supply, Inc. will post 3.41 EPS for the current fiscal year.

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.