Lisanti Capital Growth LLC Takes Position in SiteOne Landscape Supply, Inc. $SITE

Lisanti Capital Growth LLC acquired a new position in SiteOne Landscape Supply, Inc. (NYSE:SITE) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 20,950 shares of the industrial products company’s stock, valued at approximately $2,698,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SITE. Allworth Financial LP lifted its position in SiteOne Landscape Supply by 61.2% during the 2nd quarter. Allworth Financial LP now owns 237 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 90 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of SiteOne Landscape Supply by 36.6% in 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 period. HM Payson & Co. lifted its position in shares of SiteOne Landscape Supply by 32.2% during the 3rd quarter. HM Payson & Co. now owns 398 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 97 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in SiteOne Landscape Supply by 145.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 456 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 270 shares during the period. Finally, GAMMA Investing LLC boosted its stake in SiteOne Landscape Supply by 24.0% during the 3rd quarter. GAMMA Investing LLC now owns 583 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 113 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Stifel Nicolaus cut their price target on SiteOne Landscape Supply from $140.00 to $134.00 and set a “hold” rating for the company in a report on Tuesday, December 16th. The Goldman Sachs Group dropped their target price on shares of SiteOne Landscape Supply from $158.00 to $138.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. William Blair reiterated a “market perform” rating on shares of SiteOne Landscape Supply in a research note on Wednesday, October 15th. Zacks Research downgraded shares of SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating 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 price target on the stock in a research 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 given a Sell rating to the company. According to data from MarketBeat, SiteOne Landscape Supply presently has an average rating of “Hold” and a consensus target price of $150.10.

SiteOne Landscape Supply Stock Up 0.2%

SITE opened at $143.41 on Friday. SiteOne Landscape Supply, Inc. has a fifty-two week low of $101.25 and a fifty-two week high of $154.00. 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’s fifty day moving average price is $134.73 and its two-hundred day moving average price is $132.94. The company has a market capitalization of $6.39 billion, a P/E ratio of 46.56, a P/E/G ratio of 1.51 and a beta of 1.58.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.09. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.26 billion. SiteOne Landscape Supply had a net margin of 2.98% and a return on equity of 8.62%. The business’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.97 EPS. On average, analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

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.