Brown Advisory Inc. Buys 58,736 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Brown Advisory Inc. grew its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 12.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 512,642 shares of the industrial products company's stock after buying an additional 58,736 shares during the quarter. Brown Advisory Inc. owned approximately 1.14% of SiteOne Landscape Supply worth $67,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Baird Financial Group Inc. raised its holdings in SiteOne Landscape Supply by 6.3% during the fourth quarter. Baird Financial Group Inc. now owns 3,113 shares of the industrial products company's stock valued at $410,000 after buying an additional 184 shares in the last quarter. Bamco Inc. NY raised its holdings in SiteOne Landscape Supply by 4.6% in the 4th quarter. Bamco Inc. NY now owns 1,652,772 shares of the industrial products company's stock valued at $217,786,000 after acquiring an additional 72,430 shares in the last quarter. BLI Banque de Luxembourg Investments bought a new stake in shares of SiteOne Landscape Supply in the 4th quarter worth approximately $22,787,000. BNP Paribas Financial Markets increased its position in shares of SiteOne Landscape Supply by 164.6% during the fourth quarter. BNP Paribas Financial Markets now owns 25,945 shares of the industrial products company's stock valued at $3,419,000 after purchasing an additional 16,140 shares during the period. Finally, Ameriprise Financial Inc. raised its stake 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 valued at $83,989,000 after purchasing an additional 73,010 shares in the last quarter.

SiteOne Landscape Supply Trading Up 2.5 %

NYSE SITE traded up $3.00 on Thursday, reaching $121.37. The company had a trading volume of 454,184 shares, compared to its average volume of 420,204. 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, Inc. has a 52 week low of $101.25 and a 52 week high of $161.25. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 45.12 and a beta of 1.62. The stock's 50 day moving average is $118.44 and its 200-day moving average is $133.11.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its quarterly 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 during the quarter, compared to analyst estimates of $933.90 million. SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. The business's revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.43) earnings per share. Equities analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SITE shares. Barclays dropped their price objective on shares of SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Royal Bank of Canada lowered their price objective on 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. StockNews.com upgraded SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Thursday, May 1st. Truist Financial lowered their price target on SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Finally, Robert W. Baird reduced 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 report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $145.70.

SiteOne Landscape Supply Company 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.