Fisher Asset Management LLC Grows Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Posted by on Apr 26th, 2023

Fisher Asset Management LLC lifted its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE – Get Rating) by 56.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,611 shares of the industrial products company’s stock after acquiring an additional 24,824 shares during the period. Fisher Asset Management LLC owned 0.15% of SiteOne Landscape Supply worth $8,049,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SITE. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of SiteOne Landscape Supply by 15.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 4,436 shares of the industrial products company’s stock worth $717,000 after acquiring an additional 593 shares during the period. Cetera Advisor Networks LLC lifted its holdings in shares of SiteOne Landscape Supply by 186.3% during the 1st quarter. Cetera Advisor Networks LLC now owns 2,525 shares of the industrial products company’s stock worth $408,000 after acquiring an additional 1,643 shares during the period. Citigroup Inc. lifted its holdings in shares of SiteOne Landscape Supply by 14.8% during the 1st quarter. Citigroup Inc. now owns 10,831 shares of the industrial products company’s stock worth $1,751,000 after acquiring an additional 1,398 shares during the period. Bank of Montreal Can purchased a new position in shares of SiteOne Landscape Supply during the 1st quarter worth about $410,000. Finally, MetLife Investment Management LLC purchased a new position in shares of SiteOne Landscape Supply during the 1st quarter worth about $309,000.

SiteOne Landscape Supply Stock Down 1.0 %

Shares of NYSE:SITE opened at $141.35 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 2.36 and a debt-to-equity ratio of 0.30. SiteOne Landscape Supply, Inc. has a 52-week low of $97.36 and a 52-week high of $165.32. The company has a 50 day moving average of $139.70 and a two-hundred day moving average of $130.07. The company has a market capitalization of $6.36 billion, a price-to-earnings ratio of 26.42 and a beta of 1.45.

SiteOne Landscape Supply (NYSE:SITE – Get Rating) last issued its quarterly earnings data on Wednesday, February 15th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.15). SiteOne Landscape Supply had a net margin of 6.11% and a return on equity of 19.75%. The firm had revenue of $890.00 million during the quarter, compared to analyst estimates of $895.05 million. During the same period last year, the business earned $0.60 EPS. The firm’s revenue was up 10.5% compared to the same quarter last year. As a group, analysts forecast that SiteOne Landscape Supply, Inc. will post 4.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SITE has been the topic of several recent analyst reports. Truist Financial increased their price objective on shares of SiteOne Landscape Supply from $127.00 to $157.00 and gave the stock a “hold” rating in a report on Thursday, February 16th. Robert W. Baird raised their price target on shares of SiteOne Landscape Supply from $160.00 to $163.00 and gave the company an “outperform” rating in a report on Thursday, February 16th. StockNews.com lowered shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Tuesday. Jefferies Financial Group lowered shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $170.00 price target on the stock. in a report on Thursday, February 16th. Finally, Royal Bank of Canada raised their price target on shares of SiteOne Landscape Supply from $119.00 to $135.00 and gave the company a “sector perform” rating in a report on Thursday, February 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, SiteOne Landscape Supply currently has a consensus rating of “Hold” and a consensus target price of $151.70.

About SiteOne Landscape Supply

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SiteOne Landscape Supply, Inc engages in the distribution of landscape supplies and residential. Its products include hardscapes, landscape accessories, nursery goods, outdoor lighting, and ice melt products to green industry professionals. The company was founded in 2001 and is headquartered in Roswell, GA.

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Institutional Ownership by Quarter for SiteOne Landscape Supply (NYSE:SITE)

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