D. E. Shaw & Co. Inc. Has $4.29 Million Stock Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

D. E. Shaw & Co. Inc. lifted its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 67.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,589 shares of the industrial products company's stock after acquiring an additional 13,149 shares during the period. D. E. Shaw & Co. Inc. owned 0.07% of SiteOne Landscape Supply worth $4,294,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Barclays PLC increased 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 buying an additional 20,134 shares during the period. Arkadios Wealth Advisors increased its position in SiteOne Landscape Supply by 9.7% in the 4th quarter. Arkadios Wealth Advisors now owns 2,020 shares of the industrial products company's stock worth $266,000 after buying an additional 178 shares during the period. Trust Co. of Vermont increased its position in SiteOne Landscape Supply by 657.9% in the 4th quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company's stock worth $38,000 after buying an additional 250 shares during the period. Mitchell & Pahl Private Wealth LLC increased its position in SiteOne Landscape Supply by 9.1% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 4,974 shares of the industrial products company's stock worth $655,000 after buying an additional 414 shares during the period. Finally, SG Americas Securities LLC bought a new position in SiteOne Landscape Supply in the 4th quarter worth approximately $427,000.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. UBS Group dropped their price target on 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. Robert W. Baird decreased their price target on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Stifel Nicolaus decreased their price target on shares of SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating on the stock in a research note on Monday, April 28th. Royal Bank of Canada decreased their price target on shares of SiteOne Landscape Supply from $136.00 to $130.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of SiteOne Landscape Supply in a research note on Tuesday, April 1st. They set a "hold" rating and a $135.00 price target on the stock. 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 company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $145.70.

SiteOne Landscape Supply Price Performance

NYSE:SITE traded down $1.55 during trading hours on Tuesday, reaching $121.77. The company had a trading volume of 278,526 shares, compared to its average volume of 427,867. The stock has a 50-day moving average of $118.30 and a two-hundred day moving average of $131.96. SiteOne Landscape Supply, Inc. has a one year low of $101.25 and a one year high of $160.75. The firm has a market capitalization of $5.46 billion, a PE ratio of 45.27 and a beta of 1.62. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced 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 business had revenue of $939.40 million for the quarter, compared to the consensus estimate of $933.90 million. SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. SiteOne Landscape Supply's revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.43) EPS. Analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

SiteOne Landscape Supply 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.