SiteOne Landscape Supply, Inc. (NYSE:SITE) Position Raised by Fisher Asset Management LLC

Fisher Asset Management LLC raised its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 59.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 119,745 shares of the industrial products company’s stock after buying an additional 44,866 shares during the quarter. Fisher Asset Management LLC owned approximately 0.27% of SiteOne Landscape Supply worth $15,779,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Bamco Inc. NY raised its stake in shares of SiteOne Landscape Supply by 8.9% during the third quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company’s stock valued at $238,489,000 after purchasing an additional 129,252 shares in the last quarter. Wasatch Advisors LP raised its stake in shares of SiteOne Landscape Supply by 11.4% during the third quarter. Wasatch Advisors LP now owns 1,577,651 shares of the industrial products company’s stock valued at $238,083,000 after purchasing an additional 161,846 shares in the last quarter. Conestoga Capital Advisors LLC raised its stake in shares of SiteOne Landscape Supply by 2.7% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,167,454 shares of the industrial products company’s stock valued at $153,835,000 after purchasing an additional 30,725 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of SiteOne Landscape Supply by 0.5% during the third quarter. Geode Capital Management LLC now owns 717,975 shares of the industrial products company’s stock valued at $108,381,000 after purchasing an additional 3,434 shares in the last quarter. Finally, Geneva Capital Management LLC raised its stake in shares of SiteOne Landscape Supply by 1.5% during the third quarter. Geneva Capital Management LLC now owns 626,101 shares of the industrial products company’s stock valued at $94,485,000 after purchasing an additional 9,209 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SITE. UBS Group cut their price objective on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Jefferies Financial Group upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and lifted their price objective for the company from $145.00 to $175.00 in a research note on Friday, December 6th. Royal Bank of Canada lifted their target price on SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Stifel Nicolaus reaffirmed a “hold” rating and set a $140.00 target price (down from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. Finally, StockNews.com lowered SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Wednesday, February 26th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to MarketBeat, SiteOne Landscape Supply currently has an average rating of “Hold” and an average target price of $154.56.

SiteOne Landscape Supply Trading Down 1.3 %

Shares of SITE opened at $124.61 on Tuesday. The business’s 50-day moving average price is $136.53 and its 200 day moving average price is $141.42. The stock has a market capitalization of $5.60 billion, a P/E ratio of 46.32 and a beta of 1.57. SiteOne Landscape Supply, Inc. has a 1-year low of $114.60 and a 1-year high of $188.01. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.22). SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. Analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

SiteOne Landscape Supply Company 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.