Fisher Asset Management LLC Purchases 9,675 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Fisher Asset Management LLC lifted its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 14.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,879 shares of the industrial products company’s stock after acquiring an additional 9,675 shares during the period. Fisher Asset Management LLC owned approximately 0.17% of SiteOne Landscape Supply worth $11,300,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in SITE. O Shaughnessy Asset Management LLC boosted its stake in SiteOne Landscape Supply by 20.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,601 shares of the industrial products company’s stock valued at $279,000 after buying an additional 270 shares in the last quarter. Tidal Investments LLC bought a new stake in shares of SiteOne Landscape Supply during the 1st quarter valued at approximately $216,000. Comerica Bank increased its position in SiteOne Landscape Supply by 2.2% during the 1st quarter. Comerica Bank now owns 91,977 shares of the industrial products company’s stock worth $16,055,000 after purchasing an additional 2,021 shares in the last quarter. iA Global Asset Management Inc. lifted its stake in SiteOne Landscape Supply by 7.9% in the 1st quarter. iA Global Asset Management Inc. now owns 1,741 shares of the industrial products company’s stock valued at $304,000 after purchasing an additional 127 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in SiteOne Landscape Supply in the first quarter valued at approximately $812,000.

Insider Buying and Selling at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of SiteOne Landscape Supply stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $142.20, for a total value of $924,300.00. Following the completion of the sale, the executive vice president now directly owns 12,942 shares of the company’s stock, valued at approximately $1,840,352.40. The trade was a 33.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SITE. Robert W. Baird increased their price target on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Stifel Nicolaus lowered SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price target on the stock. in a research note on Thursday, August 1st. The Goldman Sachs Group assumed coverage on shares of SiteOne Landscape Supply in a report on Thursday, October 10th. They issued a “neutral” rating and a $158.00 price objective for the company. StockNews.com raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Truist Financial raised their price target on shares of SiteOne Landscape Supply from $158.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $147.80.

SiteOne Landscape Supply Trading Up 1.0 %

SITE opened at $152.92 on Thursday. The stock has a market cap of $6.90 billion, a PE ratio of 49.49 and a beta of 1.53. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. SiteOne Landscape Supply, Inc. has a twelve month low of $114.60 and a twelve month high of $188.01. The company has a fifty day moving average of $146.31 and a 200-day moving average of $140.44.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.21). The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The business’s revenue was up 5.6% on a year-over-year basis. During the same period last year, the business posted $1.25 earnings per share. On average, sell-side analysts predict that SiteOne Landscape Supply, Inc. will post 3.41 EPS for the current year.

SiteOne Landscape Supply Profile

SiteOne Landscape Supply, Inc, together with its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation products, including controllers, valves, sprinkler heads, irrigation pipes, micro irrigation, and drip products; fertilizer, grass seed, and ice melt products; control products, such as herbicides, fungicides, rodenticides, and other pesticides; landscape accessories that include mulches, soil amendments, drainage pipes, tools, and sods; nursery goods, which consist of deciduous and evergreen shrubs, ornamental, shade, evergreen trees, field grown and container-grown nursery stock, roses, perennials, annuals, bulbs, and plant species and cultivars; hardscapes, such as pavers, natural stones, blocks, and other durable materials; and outdoor lighting products that include lighting fixtures, LED lamps, wires, transformers, and accessories.