Squarepoint Ops LLC Cuts Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Squarepoint Ops LLC lowered its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 29.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,666 shares of the industrial products company's stock after selling 2,842 shares during the period. Squarepoint Ops LLC's holdings in SiteOne Landscape Supply were worth $878,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SITE. Arizona State Retirement System lifted its position in SiteOne Landscape Supply by 0.6% in the 4th quarter. Arizona State Retirement System now owns 13,096 shares of the industrial products company's stock valued at $1,726,000 after acquiring an additional 77 shares in the last quarter. HighPoint Advisor Group LLC lifted its holdings in shares of SiteOne Landscape Supply by 4.0% during the 4th quarter. HighPoint Advisor Group LLC now owns 2,037 shares of the industrial products company's stock valued at $271,000 after buying an additional 78 shares during the period. State of Wyoming lifted its holdings in shares of SiteOne Landscape Supply by 6.2% during the 4th quarter. State of Wyoming now owns 1,389 shares of the industrial products company's stock valued at $183,000 after buying an additional 81 shares during the period. Treasurer of the State of North Carolina lifted its holdings in shares of SiteOne Landscape Supply by 0.7% during the 4th quarter. Treasurer of the State of North Carolina now owns 19,611 shares of the industrial products company's stock valued at $2,584,000 after buying an additional 130 shares during the period. Finally, Tortoise Investment Management LLC lifted its holdings in shares of SiteOne Landscape Supply by 78.9% during the 4th 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.

Analysts Set New Price Targets

SITE has been the topic of several research analyst reports. Barclays lowered their price target on SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. Loop Capital decreased their target price on SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating on the stock in a report on Friday, April 4th. Deutsche Bank Aktiengesellschaft assumed coverage on SiteOne Landscape Supply in a report on Tuesday, April 1st. They issued a "hold" rating and a $135.00 target price on the stock. Robert W. Baird decreased their target price on SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Finally, UBS Group decreased their target price on SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $145.70.

SiteOne Landscape Supply Price Performance

Shares of SiteOne Landscape Supply stock traded up $3.65 during trading on Thursday, reaching $123.62. 576,334 shares of the stock traded hands, compared to its average volume of 431,064. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 45.96 and a beta of 1.62. SiteOne Landscape Supply, Inc. has a 52-week low of $101.25 and a 52-week high of $160.75. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. The business has a fifty day simple moving average of $116.79 and a two-hundred day simple moving average of $129.57.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported ($0.61) earnings per share (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 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%. The firm's revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.43) EPS. Sell-side analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

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.