Artisan Partners Limited Partnership Has $69.37 Million Stake in SiteOne Landscape Supply, Inc. $SITE

Artisan Partners Limited Partnership grew its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 20.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 538,556 shares of the industrial products company’s stock after purchasing an additional 90,205 shares during the quarter. Artisan Partners Limited Partnership owned approximately 1.21% of SiteOne Landscape Supply worth $69,366,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. AQR Capital Management LLC lifted its holdings in SiteOne Landscape Supply by 743.5% in the second quarter. AQR Capital Management LLC now owns 441,192 shares of the industrial products company’s stock valued at $52,440,000 after buying an additional 388,890 shares during the period. Bamco Inc. NY raised its position in shares of SiteOne Landscape Supply by 14.2% in the 2nd quarter. Bamco Inc. NY now owns 1,941,817 shares of the industrial products company’s stock worth $234,843,000 after acquiring an additional 242,106 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of SiteOne Landscape Supply by 319.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 157,249 shares of the industrial products company’s stock valued at $19,018,000 after purchasing an additional 119,749 shares during the period. American Century Companies Inc. boosted its position in shares of SiteOne Landscape Supply by 20.6% during the 2nd quarter. American Century Companies Inc. now owns 629,029 shares of the industrial products company’s stock valued at $76,075,000 after purchasing an additional 107,465 shares in the last quarter. Finally, Mediolanum International Funds Ltd bought a new stake in shares of SiteOne Landscape Supply during the 3rd quarter valued at about $11,963,000.

Insider Buying and Selling

In other SiteOne Landscape Supply news, EVP Eric J. Elema sold 1,765 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $158.01, for a total transaction of $278,887.65. Following the transaction, the executive vice president directly owned 2,911 shares in the company, valued at approximately $459,967.11. This trade represents a 37.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.60% of the company’s stock.

Analysts Set New Price Targets

SITE has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a report on Wednesday, January 21st. Robert W. Baird set a $190.00 price objective on shares of SiteOne Landscape Supply in a research note on Thursday, February 12th. Royal Bank Of Canada boosted their target price on shares of SiteOne Landscape Supply from $151.00 to $171.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Stifel Nicolaus set a $144.00 price target on shares of SiteOne Landscape Supply in a report on Monday, February 9th. Finally, Zacks Research raised shares of SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, SiteOne Landscape Supply currently has an average rating of “Hold” and a consensus price target of $159.44.

SiteOne Landscape Supply Price Performance

Shares of NYSE SITE opened at $142.71 on Friday. The stock has a market cap of $6.35 billion, a price-to-earnings ratio of 42.47, a PEG ratio of 1.90 and a beta of 1.59. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.20 and a current ratio of 2.47. SiteOne Landscape Supply, Inc. has a fifty-two week low of $101.25 and a fifty-two week high of $168.56. The firm’s 50-day simple moving average is $142.55 and its 200 day simple moving average is $135.54.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, February 11th. The industrial products company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.09. SiteOne Landscape Supply had a return on equity of 9.28% and a net margin of 3.23%.The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the business posted ($0.48) earnings per share. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. As a group, research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

SiteOne Landscape Supply Profile

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.