Ameriprise Financial Inc. Purchases 73,010 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Ameriprise Financial Inc. increased 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 13F filing with the Securities and Exchange Commission. The fund owned 637,409 shares of the industrial products company's stock after purchasing an additional 73,010 shares during the period. Ameriprise Financial Inc. owned approximately 1.41% of SiteOne Landscape Supply worth $83,989,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Trust Co. of Vermont raised its holdings in SiteOne Landscape Supply by 657.9% in the 4th quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 250 shares in the last quarter. Tortoise Investment Management LLC raised its holdings in SiteOne Landscape Supply by 78.9% in the 4th quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 131 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in SiteOne Landscape Supply in the 4th quarter valued at $40,000. Brown Brothers Harriman & Co. raised its holdings in SiteOne Landscape Supply by 395.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 342 shares of the industrial products company's stock valued at $45,000 after acquiring an additional 273 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in SiteOne Landscape Supply in the 3rd quarter valued at $71,000.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SITE. Truist Financial decreased their price target on SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Deutsche Bank Aktiengesellschaft started coverage on SiteOne Landscape Supply in a research note on Tuesday, April 1st. They issued a "hold" rating and a $135.00 price target on the stock. Stifel Nicolaus reduced their price objective on SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating on the stock in a research report on Monday, April 28th. StockNews.com upgraded SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Thursday, May 1st. Finally, UBS Group reduced their price objective on SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $145.70.

SiteOne Landscape Supply Price Performance

Shares of NYSE:SITE traded up $6.86 on Monday, hitting $127.52. The company's stock had a trading volume of 1,245,339 shares, compared to its average volume of 424,151. The company has a market capitalization of $5.71 billion, a PE ratio of 47.41 and a beta of 1.62. 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 company has a 50-day simple moving average of $118.34 and a 200 day simple moving average of $132.72. SiteOne Landscape Supply, Inc. has a 1 year low of $101.25 and a 1 year high of $161.25.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released 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 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 company's revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.43) EPS. Sell-side analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

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.