Mediolanum International Funds Ltd Purchases New Shares in SiteOne Landscape Supply, Inc. $SITE

Mediolanum International Funds Ltd acquired a new stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 93,587 shares of the industrial products company’s stock, valued at approximately $11,963,000.

Other hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC boosted 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 worth $52,440,000 after acquiring an additional 388,890 shares in the last quarter. Bamco Inc. NY boosted its holdings in shares of 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 acquiring an additional 242,106 shares during the last quarter. BNP Paribas Financial Markets grew its position in 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 worth $19,018,000 after purchasing an additional 119,749 shares during the period. American Century Companies Inc. grew its holdings 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 acquiring an additional 107,465 shares during the period. Finally, Cubist Systematic Strategies LLC increased its position in shares of SiteOne Landscape Supply by 344.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 109,271 shares of the industrial products company’s stock valued at $13,215,000 after purchasing an additional 84,665 shares during the last quarter.

SiteOne Landscape Supply Price Performance

Shares of SITE opened at $143.41 on Monday. The company’s fifty day moving average price is $134.73 and its 200-day moving average price is $133.08. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.49 and a quick ratio of 1.14. The firm has a market capitalization of $6.39 billion, a PE ratio of 46.56, a price-to-earnings-growth ratio of 1.52 and a beta of 1.59. SiteOne Landscape Supply, Inc. has a 1-year low of $101.25 and a 1-year high of $154.00.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SITE shares. Zacks Research downgraded SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 21st. The Goldman Sachs Group decreased their price target on shares of SiteOne Landscape Supply from $158.00 to $138.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. Barclays set a $134.00 price objective on SiteOne Landscape Supply and gave the stock an “equal weight” rating in a report on Monday, December 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SiteOne Landscape Supply in a report on Wednesday, January 21st. Finally, Royal Bank Of Canada upgraded shares of SiteOne Landscape Supply from a “sector perform” rating to an “outperform” rating and set a $151.00 target price for the company in a report on Thursday, January 8th. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $150.10.

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.