Fisher Asset Management LLC Boosts Holdings in SiteOne Landscape Supply, Inc. $SITE

Fisher Asset Management LLC raised its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 15.1% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 152,865 shares of the industrial products company’s stock after buying an additional 20,095 shares during the period. Fisher Asset Management LLC owned about 0.34% of SiteOne Landscape Supply worth $19,689,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Allworth Financial LP grew its holdings in SiteOne Landscape Supply by 61.2% during the second quarter. Allworth Financial LP now owns 237 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 90 shares during the period. NewEdge Advisors LLC boosted its position in SiteOne Landscape Supply by 36.6% in the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 107 shares in the last quarter. HM Payson & Co. grew its stake in shares of SiteOne Landscape Supply by 32.2% during the 3rd quarter. HM Payson & Co. now owns 398 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 97 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of SiteOne Landscape Supply by 145.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 456 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 270 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of SiteOne Landscape Supply by 276.5% during the 3rd quarter. Bessemer Group Inc. now owns 448 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 329 shares in the last quarter.

Analyst Ratings Changes

Several research firms recently commented on SITE. Bank of America started coverage on shares of SiteOne Landscape Supply in a research report on Thursday, December 18th. They set a “buy” rating and a $147.00 price target on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research note on Wednesday, January 21st. Truist Financial lifted their price target on SiteOne Landscape Supply from $165.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Barclays increased their price target on SiteOne Landscape Supply from $134.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 12th. Finally, Royal Bank Of Canada raised their price objective on SiteOne Landscape Supply from $151.00 to $171.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $159.44.

Insider Activity at SiteOne Landscape Supply

In related news, EVP Eric J. Elema sold 1,765 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were 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. The trade was a 37.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.60% of the stock is owned by company insiders.

SiteOne Landscape Supply Price Performance

Shares of SiteOne Landscape Supply stock opened at $139.28 on Thursday. The business has a 50 day simple moving average of $143.35 and a two-hundred day simple moving average of $135.48. SiteOne Landscape Supply, Inc. has a 12 month low of $101.25 and a 12 month high of $168.56. The stock has a market capitalization of $6.19 billion, a P/E ratio of 41.45, a PEG ratio of 1.81 and a beta of 1.59. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.47 and a quick ratio of 1.20.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results 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. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. SiteOne Landscape Supply had a return on equity of 9.28% and a net margin of 3.23%.The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.48) earnings per share. As a group, analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

SiteOne Landscape Supply Company 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.