SiteOne Landscape Supply, Inc. $SITE Shares Purchased by Fisher Asset Management LLC

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

Several other large investors also recently added to or reduced their stakes in SITE. Bamco Inc. NY increased its stake 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 during the last quarter. State Street Corp grew its holdings in shares of SiteOne Landscape Supply by 1.7% in the second quarter. State Street Corp now owns 777,354 shares of the industrial products company’s stock valued at $94,013,000 after purchasing an additional 12,766 shares during the period. American Century Companies Inc. increased its position in SiteOne Landscape Supply by 20.6% during the second quarter. American Century Companies Inc. now owns 629,029 shares of the industrial products company’s stock worth $76,075,000 after purchasing an additional 107,465 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in SiteOne Landscape Supply by 20.1% during the third quarter. Artisan Partners Limited Partnership now owns 538,556 shares of the industrial products company’s stock worth $69,366,000 after purchasing an additional 90,205 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in SiteOne Landscape Supply by 743.5% in the 2nd quarter. AQR Capital Management LLC now owns 441,192 shares of the industrial products company’s stock valued at $52,440,000 after purchasing an additional 388,890 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada raised their price target on shares of SiteOne Landscape Supply from $151.00 to $171.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Bank of America began coverage on SiteOne Landscape Supply in a research report on Thursday, December 18th. They issued a “buy” rating and a $147.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research note on Wednesday, January 21st. Zacks Research raised SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Finally, Stifel Nicolaus set a $144.00 price objective on shares of SiteOne Landscape Supply in a report on Monday, February 9th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $159.44.

SiteOne Landscape Supply Trading Down 0.6%

SITE opened at $139.28 on Thursday. SiteOne Landscape Supply, Inc. has a 52 week low of $101.25 and a 52 week high of $168.56. The company has a quick ratio of 1.20, a current ratio of 2.47 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $143.35 and a 200-day simple moving average of $135.48. The firm has a market cap of $6.19 billion, a P/E ratio of 41.45, a P/E/G ratio of 1.81 and a beta of 1.59.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data on Wednesday, February 11th. The industrial products company reported ($0.20) earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the business earned ($0.48) EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, equities analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

Insider Transactions at SiteOne Landscape Supply

In related news, EVP Eric J. Elema sold 1,765 shares of SiteOne Landscape Supply stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $158.01, for a total value of $278,887.65. Following the completion of the transaction, the executive vice president 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.60% of the stock is owned by company insiders.

About SiteOne Landscape Supply

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.