Lisanti Capital Growth LLC Has $1.04 Million Position in SiteOne Landscape Supply, Inc. $SITE

Lisanti Capital Growth LLC lowered its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 60.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,345 shares of the industrial products company’s stock after selling 12,605 shares during the quarter. Lisanti Capital Growth LLC’s holdings in SiteOne Landscape Supply were worth $1,039,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Man Group plc grew its position in SiteOne Landscape Supply by 0.4% during the second quarter. Man Group plc now owns 22,338 shares of the industrial products company’s stock worth $2,702,000 after buying an additional 86 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its stake in SiteOne Landscape Supply by 0.5% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 16,928 shares of the industrial products company’s stock worth $2,109,000 after purchasing an additional 89 shares during the last quarter. NewEdge Advisors LLC lifted its stake in SiteOne Landscape Supply by 36.6% during the first 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. Mitchell & Pahl Private Wealth LLC lifted its stake in SiteOne Landscape Supply by 2.0% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 5,915 shares of the industrial products company’s stock worth $737,000 after purchasing an additional 118 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in SiteOne Landscape Supply by 4.9% during the fourth quarter. State of Alaska Department of Revenue now owns 2,821 shares of the industrial products company’s stock worth $351,000 after purchasing an additional 133 shares during the last quarter.

Analysts Set New Price Targets

Several research firms have weighed in on SITE. Deutsche Bank Aktiengesellschaft upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a research note on Thursday, April 30th. Bank of America cut their target price on SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Barclays cut their target price on SiteOne Landscape Supply from $150.00 to $148.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. Robert W. Baird set a $160.00 target price on SiteOne Landscape Supply in a research note on Thursday, April 30th. Finally, Weiss Ratings cut SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $160.10.

SiteOne Landscape Supply Stock Down 1.7%

Shares of SITE opened at $113.48 on Friday. SiteOne Landscape Supply, Inc. has a 52 week low of $109.10 and a 52 week high of $168.56. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of 33.67, a PEG ratio of 1.48 and a beta of 1.42. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 2.33. The stock has a fifty day moving average of $129.97 and a 200-day moving average of $134.41.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $982.27 million. During the same quarter in the previous year, the company posted ($0.61) earnings per share. The firm’s revenue was up .1% on a year-over-year basis. As a group, sell-side analysts anticipate that SiteOne Landscape Supply, Inc. will post 4.18 earnings per share for the current fiscal year.

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.