XTX Topco Ltd Acquires Shares of 2,926 SiteOne Landscape Supply, Inc. (NYSE:SITE)

XTX Topco Ltd bought a new position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,926 shares of the industrial products company's stock, valued at approximately $386,000.

Other institutional investors have also made changes to their positions in the company. Tidal Investments LLC boosted its holdings in shares of SiteOne Landscape Supply by 1.5% during the third quarter. Tidal Investments LLC now owns 5,166 shares of the industrial products company's stock worth $780,000 after acquiring an additional 77 shares during the period. Arizona State Retirement System lifted its holdings in SiteOne Landscape Supply by 0.6% during the 4th quarter. Arizona State Retirement System now owns 13,096 shares of the industrial products company's stock worth $1,726,000 after purchasing an additional 77 shares during the last quarter. HighPoint Advisor Group LLC boosted its stake in SiteOne Landscape Supply by 4.0% in the 4th quarter. HighPoint Advisor Group LLC now owns 2,037 shares of the industrial products company's stock valued at $271,000 after purchasing an additional 78 shares during the period. Treasurer of the State of North Carolina grew its holdings in SiteOne Landscape Supply by 0.7% in the 4th quarter. Treasurer of the State of North Carolina now owns 19,611 shares of the industrial products company's stock valued at $2,584,000 after buying an additional 130 shares in the last quarter. Finally, Tortoise Investment Management LLC increased its position in 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 buying an additional 131 shares during the period.

SiteOne Landscape Supply Stock Up 3.6 %

SITE stock opened at $113.84 on Wednesday. The firm has a 50-day moving average price of $122.68 and a 200-day moving average price of $135.19. SiteOne Landscape Supply, Inc. has a 12 month low of $101.25 and a 12 month high of $166.34. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $5.12 billion, a P/E ratio of 42.32 and a beta of 1.62.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share 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%. As a group, equities research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SITE. Deutsche Bank Aktiengesellschaft began coverage on shares of SiteOne Landscape Supply in a research note on Tuesday, April 1st. They issued a "hold" rating and a $135.00 price target on the stock. Stifel Nicolaus reaffirmed 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. Barclays reduced their price target 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 dropped their price objective on SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating for the company in a report on Friday, April 4th. Finally, Royal Bank of Canada increased their target price on SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $149.70.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.