BNP Paribas Financial Markets Has $3.42 Million Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

BNP Paribas Financial Markets increased its position in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 164.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,945 shares of the industrial products company's stock after acquiring an additional 16,140 shares during the period. BNP Paribas Financial Markets owned approximately 0.06% of SiteOne Landscape Supply worth $3,419,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Ameriprise Financial Inc. raised its holdings in shares of SiteOne Landscape Supply by 12.9% in the fourth quarter. Ameriprise Financial Inc. now owns 637,409 shares of the industrial products company's stock worth $83,989,000 after acquiring an additional 73,010 shares during the last quarter. Algert Global LLC increased its stake in SiteOne Landscape Supply by 13.9% in the fourth quarter. Algert Global LLC now owns 33,608 shares of the industrial products company's stock valued at $4,429,000 after purchasing an additional 4,102 shares during the last quarter. AQR Capital Management LLC increased its stake in SiteOne Landscape Supply by 327.8% in the fourth quarter. AQR Capital Management LLC now owns 94,689 shares of the industrial products company's stock valued at $12,477,000 after purchasing an additional 72,554 shares during the last quarter. Northern Trust Corp increased its stake in SiteOne Landscape Supply by 15.6% in the fourth quarter. Northern Trust Corp now owns 302,456 shares of the industrial products company's stock valued at $39,855,000 after purchasing an additional 40,712 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in SiteOne Landscape Supply in the fourth quarter valued at $979,000.

SiteOne Landscape Supply Stock Down 0.4%

Shares of SiteOne Landscape Supply stock traded down $0.45 during trading hours on Tuesday, reaching $122.87. 22,714 shares of the company's stock were exchanged, compared to its average volume of 426,119. The company 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 fifty-two week low of $101.25 and a fifty-two week high of $160.75. 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 stock has a market cap of $5.51 billion, a P/E ratio of 45.75 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) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.50) by ($0.11). SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. The firm had revenue of $939.40 million during the quarter, compared to analyst estimates of $933.90 million. During the same quarter last year, the business posted ($0.43) earnings per share. The company's revenue for the quarter was up 3.8% on a year-over-year basis. On average, sell-side analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SITE. StockNews.com raised SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Thursday, May 1st. Royal Bank of Canada decreased their price target on SiteOne Landscape Supply from $136.00 to $130.00 and set a "sector perform" rating for the company in a research note on Thursday, May 1st. UBS Group decreased their price target on SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Truist Financial reduced their price objective on SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, Stifel Nicolaus reduced their target price on SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating for the company in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, SiteOne Landscape Supply presently has a consensus rating of "Hold" and a consensus target price of $145.70.

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.