Two Sigma Investments LP Acquires Shares of 15,689 SiteOne Landscape Supply, Inc. (NYSE:SITE)

Two Sigma Investments LP acquired a new stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 15,689 shares of the industrial products company's stock, valued at approximately $2,067,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC grew its position in SiteOne Landscape Supply by 71.2% during the third quarter. Barclays PLC now owns 48,398 shares of the industrial products company's stock worth $7,304,000 after buying an additional 20,134 shares in the last quarter. US Bancorp DE grew its holdings in shares of SiteOne Landscape Supply by 10.5% during the fourth quarter. US Bancorp DE now owns 6,717 shares of the industrial products company's stock worth $885,000 after purchasing an additional 638 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of SiteOne Landscape Supply in the fourth quarter worth approximately $427,000. Jones Financial Companies Lllp raised 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 valued at $197,000 after purchasing an additional 156 shares in the last quarter. Finally, Centiva Capital LP bought a new stake in SiteOne Landscape Supply during the fourth quarter valued at approximately $807,000.

SiteOne Landscape Supply Trading Up 3.0%

Shares of NYSE SITE traded up $3.65 during mid-day trading on Thursday, hitting $123.62. The stock had a trading volume of 576,334 shares, compared to its average volume of 431,064. 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, Inc. has a 1 year low of $101.25 and a 1 year high of $160.75. The business has a 50 day moving average price of $116.79 and a two-hundred day moving average price of $129.57. The firm has a market cap of $5.54 billion, a P/E ratio of 45.96 and a beta of 1.62.

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 the consensus estimate of ($0.50) by ($0.11). The firm 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 period in the previous year, the firm earned ($0.43) earnings per share. On average, equities analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SITE shares. Stifel Nicolaus dropped their target price 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, April 28th. Royal Bank of Canada dropped their target price on shares of SiteOne Landscape Supply from $136.00 to $130.00 and set a "sector perform" rating for the company in a research report on Thursday, May 1st. Wall Street Zen upgraded shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft started coverage on shares of SiteOne Landscape Supply in a research report on Tuesday, April 1st. They set a "hold" rating and a $135.00 target price for the company. Finally, Truist Financial dropped their target price on shares of 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, SiteOne Landscape Supply currently has a consensus rating of "Hold" and a consensus price target of $145.70.

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.