Fisher Asset Management LLC Acquires 18,662 Shares of SiteOne Landscape Supply, Inc. $SITE

Fisher Asset Management LLC increased its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 12.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 171,527 shares of the industrial products company’s stock after purchasing an additional 18,662 shares during the period. Fisher Asset Management LLC owned 0.39% of SiteOne Landscape Supply worth $21,365,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. True Wealth Design LLC increased its holdings in shares of SiteOne Landscape Supply by 541.9% in the 4th quarter. True Wealth Design LLC now owns 199 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 168 shares during the period. IFP Advisors Inc lifted its stake in shares of SiteOne Landscape Supply by 106.8% during the 4th quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 158 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of SiteOne Landscape Supply by 36.6% during 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 during the last quarter. Danske Bank A S bought a new stake in SiteOne Landscape Supply during the third quarter valued at about $52,000. Finally, Bessemer Group Inc. grew its stake in SiteOne Landscape Supply by 276.5% in the third 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 during the last quarter.

SiteOne Landscape Supply Stock Performance

Shares of SITE stock opened at $113.29 on Wednesday. The business has a fifty day moving average of $129.29 and a 200 day moving average of $134.31. SiteOne Landscape Supply, Inc. has a 1 year low of $109.10 and a 1 year high of $168.56. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.33 and a quick ratio of 0.96. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of 33.62, a price-to-earnings-growth ratio of 1.48 and a beta of 1.42.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.27). SiteOne Landscape Supply had a net margin of 3.24% and a return on equity of 9.22%. The firm had revenue of $940.10 million for the quarter, compared to analysts’ expectations of $982.27 million. During the same quarter in the previous year, the firm posted ($0.61) EPS. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, research analysts expect that SiteOne Landscape Supply, Inc. will post 4.18 earnings per share for the current year.

Analyst Ratings Changes

SITE has been the subject of a number of recent research reports. Stifel Nicolaus upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $157.00 target price for the company in a report on Monday, May 4th. Truist Financial boosted their price objective on shares of SiteOne Landscape Supply from $165.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Bank of America decreased their target price on shares of SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Robert W. Baird set a $160.00 target price on shares of SiteOne Landscape Supply in a research note on Thursday, April 30th. Finally, Barclays reduced their price target on SiteOne Landscape Supply from $150.00 to $148.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $160.10.

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.