75,000 Shares in SiteOne Landscape Supply, Inc. (NYSE:SITE) Acquired by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. purchased a new position in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 75,000 shares of the industrial products company's stock, valued at approximately $9,883,000. Adage Capital Partners GP L.L.C. owned approximately 0.17% of SiteOne Landscape Supply as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC raised its position in SiteOne Landscape Supply by 71.2% in the 3rd quarter. Barclays PLC now owns 48,398 shares of the industrial products company's stock worth $7,304,000 after purchasing an additional 20,134 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of SiteOne Landscape Supply by 5.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 528,873 shares of the industrial products company's stock worth $79,812,000 after acquiring an additional 29,025 shares during the last quarter. US Bancorp DE boosted its holdings in SiteOne Landscape Supply by 10.5% during the 4th quarter. US Bancorp DE now owns 6,717 shares of the industrial products company's stock valued at $885,000 after acquiring an additional 638 shares during the period. SG Americas Securities LLC bought a new position in SiteOne Landscape Supply in the 4th quarter valued at $427,000. Finally, Jones Financial Companies Lllp increased its stake in SiteOne Landscape Supply by 11.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,498 shares of the industrial products company's stock worth $197,000 after purchasing an additional 156 shares during the period.

SiteOne Landscape Supply Stock Performance

NYSE:SITE traded up $5.05 during mid-day trading on Friday, hitting $121.96. The company's stock had a trading volume of 783,805 shares, compared to its average volume of 501,848. The business's fifty day moving average is $119.11 and its two-hundred day moving average is $133.83. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of 45.34 and a beta of 1.62. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. SiteOne Landscape Supply, Inc. has a 1 year low of $101.25 and a 1 year high of $161.25.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its earnings results on Wednesday, April 30th. The industrial products company reported ($0.61) EPS for the quarter, missing analysts' consensus estimates of ($0.50) by ($0.11). The company had revenue of $939.40 million during the quarter, compared to analysts' expectations of $933.90 million. SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. The firm's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.43) EPS. Analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Analyst Ratings Changes

SITE has been the topic of several recent analyst reports. Loop Capital reduced their price target on shares of SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating on the stock in a research note on Friday, April 4th. UBS Group dropped their target price on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Stifel Nicolaus lowered their price target on shares of SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating for the company in a research report on Monday. StockNews.com upgraded SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Thursday. Finally, Barclays dropped their target price on SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, SiteOne Landscape Supply has an average rating of "Hold" and an average price target of $145.70.

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.