Voloridge Investment Management LLC Purchases 48,347 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Voloridge Investment Management LLC lifted its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 55.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 135,194 shares of the industrial products company’s stock after buying an additional 48,347 shares during the period. Voloridge Investment Management LLC owned about 0.30% of SiteOne Landscape Supply worth $17,815,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Barclays PLC boosted its stake in shares of SiteOne Landscape Supply by 71.2% during the 3rd quarter. Barclays PLC now owns 48,398 shares of the industrial products company’s stock worth $7,304,000 after buying an additional 20,134 shares during the last quarter. US Bancorp DE boosted its stake in shares of SiteOne Landscape Supply by 10.5% during the 4th quarter. US Bancorp DE now owns 6,717 shares of the industrial products company’s stock worth $885,000 after buying an additional 638 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of SiteOne Landscape Supply during the 4th quarter worth about $427,000. Jones Financial Companies Lllp boosted its stake in shares of SiteOne Landscape Supply by 11.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,498 shares of the industrial products company’s stock worth $197,000 after buying an additional 156 shares during the last quarter. Finally, Crown Oak Advisors LLC boosted its stake in shares of SiteOne Landscape Supply by 12.9% during the 4th quarter. Crown Oak Advisors LLC now owns 53,084 shares of the industrial products company’s stock worth $6,995,000 after buying an additional 6,074 shares during the last quarter.

SiteOne Landscape Supply Trading Down 0.2%

Shares of SITE stock opened at $115.74 on Friday. The firm has a 50 day moving average price of $118.04 and a two-hundred day moving average price of $131.57. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $5.19 billion, a PE ratio of 43.03 and a beta of 1.62. SiteOne Landscape Supply, Inc. has a 12-month low of $101.25 and a 12-month high of $160.75.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data 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). The company had revenue of $939.40 million for the quarter, compared to analyst estimates of $933.90 million. SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. The company’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the business earned ($0.43) earnings per share. As a group, analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SITE shares. Royal Bank of Canada reduced their price objective on shares of 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. Truist Financial cut their target price on shares of 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. UBS Group cut their target price on shares of 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. Loop Capital cut their target price on shares of SiteOne Landscape Supply from $150.00 to $125.00 and set a “hold” rating for the company in a research note on Friday, April 4th. Finally, Stifel Nicolaus cut their target price on shares of SiteOne Landscape Supply from $145.00 to $126.00 and set a “hold” rating for the company in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, SiteOne Landscape Supply has a consensus rating of “Hold” and an average 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.