Fisher Asset Management LLC Has $11.30 Million Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

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

Other institutional investors have also recently bought and sold shares of the company. Marco Investment Management LLC bought a new stake in shares of SiteOne Landscape Supply during the third quarter worth about $201,000. Algert Global LLC raised its stake in shares of SiteOne Landscape Supply by 375.4% in the third quarter. Algert Global LLC now owns 29,506 shares of the industrial products company’s stock worth $4,453,000 after purchasing an additional 23,300 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of SiteOne Landscape Supply by 43.4% in the third quarter. Cerity Partners LLC now owns 19,394 shares of the industrial products company’s stock valued at $2,927,000 after purchasing an additional 5,869 shares in the last quarter. Raymond James Trust N.A. boosted its position in shares of SiteOne Landscape Supply by 16.9% during the third quarter. Raymond James Trust N.A. now owns 3,312 shares of the industrial products company’s stock valued at $500,000 after buying an additional 479 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in SiteOne Landscape Supply by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 537,998 shares of the industrial products company’s stock worth $81,189,000 after buying an additional 20,357 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Barclays lifted their price objective on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a report on Thursday, October 31st. The Goldman Sachs Group started coverage on shares of SiteOne Landscape Supply in a report on Thursday, October 10th. They set a “neutral” rating and a $158.00 price target on the stock. Stifel Nicolaus lowered shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price objective for the company. in a research note on Thursday, August 1st. Royal Bank of Canada dropped their target price on shares of SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 1st. Finally, Truist Financial upped their target price on SiteOne Landscape Supply from $158.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, SiteOne Landscape Supply has an average rating of “Hold” and an average target price of $147.80.

Insiders Place Their Bets

In related news, EVP Joseph Ketter sold 6,500 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $142.20, for a total transaction of $924,300.00. Following the sale, the executive vice president now directly owns 12,942 shares in the company, valued at approximately $1,840,352.40. This represents a 33.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.60% of the company’s stock.

SiteOne Landscape Supply Price Performance

SiteOne Landscape Supply stock opened at $152.92 on Thursday. The business’s 50 day simple moving average is $146.31 and its 200 day simple moving average is $140.44. SiteOne Landscape Supply, Inc. has a 12 month low of $114.60 and a 12 month high of $188.01. The company has a market cap of $6.90 billion, a price-to-earnings ratio of 49.49 and a beta of 1.53. 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 posted its quarterly earnings results 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). SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the company posted $1.25 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year. Sell-side analysts forecast 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.