Lisanti Capital Growth LLC Buys New Shares in SiteOne Landscape Supply, Inc. $SITE

Lisanti Capital Growth LLC bought a new position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,950 shares of the industrial products company’s stock, valued at approximately $2,698,000.

Several other institutional investors also recently modified their holdings of the stock. AQR Capital Management LLC lifted its position in shares of 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 acquiring an additional 388,890 shares in the last quarter. Bamco Inc. NY raised its stake in SiteOne Landscape Supply by 14.2% during the 2nd quarter. Bamco Inc. NY now owns 1,941,817 shares of the industrial products company’s stock valued at $234,843,000 after purchasing an additional 242,106 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of SiteOne Landscape Supply by 319.3% in the second 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 in the last quarter. American Century Companies Inc. boosted its position in shares of SiteOne Landscape Supply by 20.6% in the second quarter. American Century Companies Inc. now owns 629,029 shares of the industrial products company’s stock worth $76,075,000 after buying an additional 107,465 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its position in shares of SiteOne Landscape Supply by 344.1% in the second quarter. Cubist Systematic Strategies LLC now owns 109,271 shares of the industrial products company’s stock worth $13,215,000 after buying an additional 84,665 shares during the period.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SITE. Barclays set a $134.00 price objective on SiteOne Landscape Supply and gave the stock an “equal weight” rating in a research note on Monday, December 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, January 21st. Royal Bank Of Canada raised shares of SiteOne Landscape Supply from a “sector perform” rating to an “outperform” rating and set a $151.00 price objective on the stock in a research report on Thursday, January 8th. Stifel Nicolaus cut their target price on shares of SiteOne Landscape Supply from $140.00 to $134.00 and set a “hold” rating for the company in a research report on Tuesday, December 16th. Finally, Zacks Research lowered shares of SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 21st. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, SiteOne Landscape Supply has an average rating of “Hold” and an average price target of $150.10.

SiteOne Landscape Supply Stock Up 0.2%

SITE stock opened at $143.41 on Friday. The firm has a market cap of $6.39 billion, a PE ratio of 46.56, a PEG ratio of 1.51 and a beta of 1.58. SiteOne Landscape Supply, Inc. has a 1 year low of $101.25 and a 1 year high of $154.00. The company has a fifty day simple moving average of $134.73 and a 200 day simple moving average of $132.94. The company has a current ratio of 2.49, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, October 29th. The industrial products company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.09. SiteOne Landscape Supply had a return on equity of 8.62% and a net margin of 2.98%.The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the company earned $0.97 earnings per share. The business’s revenue was up 4.1% compared to the same quarter last year. Sell-side analysts anticipate 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.