Voloridge Investment Management LLC Raises Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Voloridge Investment Management LLC grew its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 55.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 135,194 shares of the industrial products company's stock after purchasing an additional 48,347 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.30% of SiteOne Landscape Supply worth $17,815,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Sovereign s Capital Management LLC bought a new stake in shares of SiteOne Landscape Supply in the 4th quarter valued at about $1,684,000. Two Sigma Investments LP purchased a new stake in SiteOne Landscape Supply during the 4th quarter worth approximately $2,067,000. State of Wyoming grew its position in 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 worth $183,000 after purchasing an additional 81 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in SiteOne Landscape Supply during the 4th quarter worth approximately $9,142,000. Finally, Quantinno Capital Management LP grew its position in SiteOne Landscape Supply by 205.2% during the 4th quarter. Quantinno Capital Management LP now owns 18,335 shares of the industrial products company's stock worth $2,416,000 after purchasing an additional 12,328 shares during the last quarter.

SiteOne Landscape Supply Trading Down 1.5%

Shares of SITE traded down $1.79 during mid-day trading on Wednesday, reaching $117.19. The stock had a trading volume of 91,058 shares, compared to its average volume of 429,655. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. SiteOne Landscape Supply, Inc. has a 52-week low of $101.25 and a 52-week high of $160.75. The business's fifty day moving average is $117.69 and its 200 day moving average is $130.74. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 43.49 and a beta of 1.62.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its earnings results on Wednesday, April 30th. The industrial products company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of ($0.50) by ($0.11). The company had revenue of $939.40 million for 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 company's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business earned ($0.43) EPS. On average, sell-side analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the stock. 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 on the stock in a research report on Thursday, May 1st. 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 report on Monday, April 28th. Truist Financial dropped their price objective on shares of SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Robert W. Baird dropped their price objective on shares of 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, Loop Capital dropped their price objective on shares of SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating on the stock in a report on Friday, April 4th. One equities 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 company's stock. According to data from MarketBeat.com, the company currently 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.