SiteOne Landscape Supply, Inc. $SITE Holdings Decreased by Fred Alger Management LLC

Posted by Francis Steltz on Jun 17th, 2026

Fred Alger Management LLC reduced its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE – Free Report) by 29.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 252,268 shares of the industrial products company’s stock after selling 105,625 shares during the period. Fred Alger Management LLC’s holdings in SiteOne Landscape Supply were worth $31,423,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of SITE. Millennium Management LLC grew its holdings in SiteOne Landscape Supply by 45.9% during the first quarter. Millennium Management LLC now owns 75,149 shares of the industrial products company’s stock worth $9,126,000 after acquiring an additional 23,657 shares during the period. NewEdge Advisors LLC grew its holdings in SiteOne Landscape Supply by 36.6% during the first quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 107 shares during the period. Goldman Sachs Group Inc. grew its holdings in SiteOne Landscape Supply by 5.7% during the first quarter. Goldman Sachs Group Inc. now owns 213,331 shares of the industrial products company’s stock worth $25,907,000 after acquiring an additional 11,574 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in SiteOne Landscape Supply by 10.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 170,285 shares of the industrial products company’s stock worth $20,679,000 after acquiring an additional 16,378 shares during the period. Finally, Jane Street Group LLC acquired a new position in SiteOne Landscape Supply during the first quarter worth about $6,797,000.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SITE shares. Stifel Nicolaus raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $157.00 target price on the stock in a report on Monday, May 4th. UBS Group started coverage on SiteOne Landscape Supply in a report on Friday, April 10th. They set a “neutral” rating and a $140.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a report on Thursday, April 30th. Bank of America lowered their target price on SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Finally, Barclays lowered their target price on SiteOne Landscape Supply from $150.00 to $148.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $160.10.

Check Out Our Latest Stock Report on SiteOne Landscape Supply

Insiders Place Their Bets

In related news, Director Fred M. Diaz sold 563 shares of SiteOne Landscape Supply stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $115.13, for a total value of $64,818.19. Following the transaction, the director owned 11,829 shares of the company’s stock, valued at approximately $1,361,872.77. This trade represents a 4.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.10% of the company’s stock.

SiteOne Landscape Supply Trading Up 0.4%

Shares of SITE opened at $107.66 on Wednesday. The business’s 50-day moving average price is $121.88 and its 200 day moving average price is $132.07. The stock has a market capitalization of $4.77 billion, a P/E ratio of 31.95, a P/E/G ratio of 1.40 and a beta of 1.35. SiteOne Landscape Supply, Inc. has a 1-year low of $100.52 and a 1-year high of $168.56. The company has a current ratio of 2.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39.

SiteOne Landscape Supply (NYSE:SITE – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.27). The company had revenue of $940.10 million during the quarter, compared to analysts’ expectations of $982.27 million. SiteOne Landscape Supply had a return on equity of 9.22% and a net margin of 3.24%.The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.61) EPS. Analysts expect that SiteOne Landscape Supply, Inc. will post 4.18 earnings per share for the current year.

About SiteOne Landscape Supply

(Free Report)

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.