Trexquant Investment LP Boosts Stock Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Trexquant Investment LP lifted its position in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 89.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 59,358 shares of the industrial products company's stock after buying an additional 28,062 shares during the period. Trexquant Investment LP owned about 0.13% of SiteOne Landscape Supply worth $7,822,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in SiteOne Landscape Supply by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 4,162,578 shares of the industrial products company's stock worth $548,503,000 after purchasing an additional 49,256 shares during the period. Conestoga Capital Advisors LLC grew its holdings in SiteOne Landscape Supply by 2.7% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,167,454 shares of the industrial products company's stock valued at $153,835,000 after buying an additional 30,725 shares in the last quarter. Geode Capital Management LLC increased its holdings in SiteOne Landscape Supply by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 717,975 shares of the industrial products company's stock valued at $108,381,000 after acquiring an additional 3,434 shares during the last quarter. Geneva Capital Management LLC lifted its position in shares of SiteOne Landscape Supply by 13.9% in the fourth quarter. Geneva Capital Management LLC now owns 712,894 shares of the industrial products company's stock worth $93,938,000 after buying an additional 86,793 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of SiteOne Landscape Supply by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 552,907 shares of the industrial products company's stock worth $72,857,000 after acquiring an additional 14,909 shares in the last quarter.

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SiteOne Landscape Supply Stock Performance

Shares of SITE traded up $9.26 during trading hours on Wednesday, reaching $114.05. 1,054,481 shares of the company traded hands, compared to its average volume of 397,921. 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 business has a fifty day moving average price of $126.93 and a 200-day moving average price of $137.48. The stock has a market capitalization of $5.13 billion, a P/E ratio of 42.40 and a beta of 1.62. SiteOne Landscape Supply, Inc. has a 12-month low of $101.25 and a 12-month high of $175.72.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its earnings results 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 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SITE. Loop Capital reduced their target price on shares of SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating on the stock in a report on Friday, April 4th. UBS Group reduced their target price on SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. StockNews.com upgraded SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Sunday, March 16th. Stifel Nicolaus reiterated a "hold" rating and set a $140.00 target price (down from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on SiteOne Landscape Supply in a report on Tuesday, April 1st. They issued a "hold" rating and a $135.00 price target on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $149.70.

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.