76,200 Shares in SiteOne Landscape Supply, Inc. (NYSE:SITE) Bought by Renaissance Technologies LLC

Renaissance Technologies LLC acquired a new position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 76,200 shares of the industrial products company's stock, valued at approximately $10,041,000. Renaissance Technologies LLC owned about 0.17% of SiteOne Landscape Supply as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SITE. Cerity Partners LLC increased its stake in SiteOne Landscape Supply by 1.0% during the fourth quarter. Cerity Partners LLC now owns 19,583 shares of the industrial products company's stock worth $2,580,000 after acquiring an additional 189 shares during the last quarter. Russell Investments Group Ltd. increased its position in SiteOne Landscape Supply by 143.0% during the 4th quarter. Russell Investments Group Ltd. now owns 71,782 shares of the industrial products company's stock worth $9,453,000 after purchasing an additional 42,239 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in SiteOne Landscape Supply in the fourth quarter valued at approximately $374,000. Pilgrim Partners Asia Pte Ltd purchased a new position in SiteOne Landscape Supply in the fourth quarter valued at approximately $40,000. Finally, Landscape Capital Management L.L.C. lifted its position in SiteOne Landscape Supply by 149.7% during the fourth quarter. Landscape Capital Management L.L.C. now owns 11,810 shares of the industrial products company's stock valued at $1,556,000 after buying an additional 7,080 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Stifel Nicolaus reissued a "hold" rating and issued a $140.00 target price (down previously from $145.00) on shares of SiteOne Landscape Supply in a research note on Monday, February 10th. Barclays cut their price objective on SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Loop Capital decreased their target price on 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. StockNews.com upgraded SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Sunday, March 16th. Finally, UBS Group reduced their price target 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.com, the stock has a consensus rating of "Hold" and a consensus target price of $149.70.

SiteOne Landscape Supply Stock Up 3.6 %

Shares of SiteOne Landscape Supply stock traded up $3.92 on Tuesday, hitting $113.84. 802,990 shares of the company's stock traded hands, compared to its average volume of 411,164. 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 firm's 50-day moving average is $122.68 and its 200 day moving average is $135.19. The stock has a market cap of $5.12 billion, a P/E ratio of 42.32 and a beta of 1.62. SiteOne Landscape Supply, Inc. has a 52-week low of $101.25 and a 52-week high of $166.34.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The industrial products company reported ($0.48) EPS for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.22). SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. Equities analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

About SiteOne Landscape Supply

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.