Quantinno Capital Management LP Grows Stock Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Quantinno Capital Management LP increased its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 205.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,335 shares of the industrial products company’s stock after buying an additional 12,328 shares during the period. Quantinno Capital Management LP’s holdings in SiteOne Landscape Supply were worth $2,416,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SITE. Trust Co. of Vermont increased its position in shares of 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 worth $38,000 after purchasing an additional 250 shares during the last quarter. Tortoise Investment Management LLC raised its position 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 worth $39,000 after purchasing an additional 131 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in SiteOne Landscape Supply during the 4th quarter valued at approximately $40,000. Brown Brothers Harriman & Co. boosted its position in SiteOne Landscape Supply by 395.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 342 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 273 shares during the period. Finally, Jones Financial Companies Lllp grew its position in shares of SiteOne Landscape Supply by 11.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,498 shares of the industrial products company’s stock worth $197,000 after acquiring an additional 156 shares during the last quarter.

SiteOne Landscape Supply Stock Performance

Shares of SITE stock opened at $121.77 on Wednesday. The company’s 50 day moving average price is $118.30 and its two-hundred day moving average price is $131.96. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. SiteOne Landscape Supply, Inc. has a 52 week low of $101.25 and a 52 week high of $160.75. The company has a market capitalization of $5.46 billion, a P/E ratio of 45.27 and a beta of 1.62.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, April 30th. The industrial products company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.11). The company 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%. SiteOne Landscape Supply’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.43) EPS. On average, analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

SITE has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on SiteOne Landscape Supply in a research report on Tuesday, April 1st. They issued a “hold” rating and a $135.00 target price for the company. Truist Financial decreased their price target on SiteOne Landscape Supply from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Loop Capital reduced their price target on shares of SiteOne Landscape Supply from $150.00 to $125.00 and set a “hold” rating for the company in a research report on Friday, April 4th. Robert W. Baird lowered their target price on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Finally, StockNews.com upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, SiteOne Landscape Supply has a consensus rating of “Hold” and an average target price 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.