AQR Capital Management LLC Increases Stock Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

AQR Capital Management LLC increased its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 327.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 94,689 shares of the industrial products company's stock after purchasing an additional 72,554 shares during the quarter. AQR Capital Management LLC owned approximately 0.21% of SiteOne Landscape Supply worth $12,477,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Trust Co. of Vermont grew its holdings in shares of SiteOne Landscape Supply by 657.9% in the fourth quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 250 shares in the last quarter. Tortoise Investment Management LLC grew its stake in SiteOne Landscape Supply by 78.9% in the 4th quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 131 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of SiteOne Landscape Supply during the 4th quarter valued at $40,000. Brown Brothers Harriman & Co. raised its stake in shares of SiteOne Landscape Supply by 395.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 342 shares of the industrial products company's stock worth $45,000 after purchasing an additional 273 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of SiteOne Landscape Supply in the 3rd quarter worth about $71,000.

Analysts Set New Price Targets

Several brokerages have commented on SITE. UBS Group lowered their price objective on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Barclays dropped their price objective 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. Truist Financial decreased their target price on SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft initiated coverage on SiteOne Landscape Supply in a research report on Tuesday, April 1st. They set a "hold" rating and a $135.00 price target on the stock. Finally, StockNews.com raised SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $145.70.

SiteOne Landscape Supply Stock Down 0.9 %

Shares of NYSE SITE opened at $120.76 on Tuesday. The business has a 50-day moving average of $118.72 and a 200-day moving average of $133.31. The firm has a market capitalization of $5.41 billion, a price-to-earnings ratio of 44.89 and a beta of 1.62. 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, Inc. has a 12 month low of $101.25 and a 12 month high of $161.25.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.50) by ($0.11). SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. The company had revenue of $939.40 million for the quarter, compared to the consensus estimate of $933.90 million. During the same period in the prior year, the firm posted ($0.43) earnings per share. The business's revenue was up 3.8% on a year-over-year basis. Sell-side analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share 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.

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