Balyasny Asset Management L.P. Has $7.99 Million Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Balyasny Asset Management L.P. decreased its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 67.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,630 shares of the industrial products company's stock after selling 127,941 shares during the quarter. Balyasny Asset Management L.P. owned approximately 0.13% of SiteOne Landscape Supply worth $7,989,000 at the end of the most recent quarter.

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

SiteOne Landscape Supply Price Performance

Shares of SITE stock traded up $6.86 during trading hours on Monday, hitting $127.52. The company had a trading volume of 1,245,339 shares, compared to its average volume of 424,151. The firm's fifty day moving average is $118.34 and its 200 day moving average is $132.72. SiteOne Landscape Supply, Inc. has a 12 month low of $101.25 and a 12 month high of $161.25. The firm has a market capitalization of $5.71 billion, a price-to-earnings ratio of 47.41 and a beta of 1.62. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released its quarterly 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 firm had revenue of $939.40 million during the quarter, compared to analyst estimates of $933.90 million. SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. SiteOne Landscape Supply's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.43) earnings per share. On average, sell-side analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SITE shares. Barclays dropped their target price on shares of SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. Truist Financial dropped their price objective on SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Loop Capital decreased their target price on SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating for the company in a research note on Friday, April 4th. Stifel Nicolaus cut their price target on SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating for the company in a report on Monday, April 28th. Finally, 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 note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, SiteOne Landscape Supply presently has an average rating of "Hold" and a consensus 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.