Quantinno Capital Management LP Buys 12,328 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Quantinno Capital Management LP increased its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 205.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,335 shares of the industrial products company's stock after purchasing an additional 12,328 shares during the period. Quantinno Capital Management LP's holdings in SiteOne Landscape Supply were worth $2,416,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in SITE. Arizona State Retirement System increased its stake in shares of SiteOne Landscape Supply by 0.6% during the fourth quarter. Arizona State Retirement System now owns 13,096 shares of the industrial products company's stock valued at $1,726,000 after buying an additional 77 shares during the period. HighPoint Advisor Group LLC grew its stake in SiteOne Landscape Supply by 4.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 2,037 shares of the industrial products company's stock worth $271,000 after purchasing an additional 78 shares during the period. Treasurer of the State of North Carolina raised its holdings in SiteOne Landscape Supply by 0.7% in the fourth quarter. Treasurer of the State of North Carolina now owns 19,611 shares of the industrial products company's stock worth $2,584,000 after purchasing an additional 130 shares in the last quarter. Tortoise Investment Management LLC lifted its position in SiteOne Landscape Supply by 78.9% during the fourth quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company's stock valued at $39,000 after buying an additional 131 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in SiteOne Landscape Supply by 11.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,498 shares of the industrial products company's stock valued at $197,000 after buying an additional 156 shares during the period.

SiteOne Landscape Supply Stock Performance

NYSE:SITE traded up $0.04 during mid-day trading on Monday, reaching $115.81. The company's stock had a trading volume of 432,157 shares, compared to its average volume of 430,096. The stock has a market cap of $5.19 billion, a P/E ratio of 43.05 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. The firm's fifty day moving average price is $117.88 and its two-hundred day moving average price is $131.07. SiteOne Landscape Supply, Inc. has a 12-month low of $101.25 and a 12-month high of $160.75.

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

Wall Street Analysts Forecast Growth

SITE has been the topic of several research reports. Stifel Nicolaus dropped their price objective 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. Barclays dropped their price target on SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft began coverage on SiteOne Landscape Supply in a research report on Tuesday, April 1st. They set a "hold" rating and a $135.00 price objective for the company. Truist Financial dropped their target price on SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Robert W. Baird reduced their price target on SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. One investment 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. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price 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.