Fisher Asset Management LLC raised its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE – Free Report) by 12.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 171,527 shares of the industrial products company’s stock after acquiring an additional 18,662 shares during the period. Fisher Asset Management LLC’s holdings in SiteOne Landscape Supply were worth $21,365,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the stock. True Wealth Design LLC grew its stake in shares of SiteOne Landscape Supply by 541.9% during the 4th quarter. True Wealth Design LLC now owns 199 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 168 shares during the period. IFP Advisors Inc boosted its holdings in SiteOne Landscape Supply by 106.8% during the fourth quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock worth $38,000 after buying an additional 158 shares in the last quarter. NewEdge Advisors LLC grew its position in SiteOne Landscape Supply by 36.6% during the first quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock valued at $48,000 after buying an additional 107 shares during the period. Danske Bank A S acquired a new stake in SiteOne Landscape Supply during the third quarter valued at $52,000. Finally, Tower Research Capital LLC TRC raised its position in shares of SiteOne Landscape Supply by 145.2% in the second quarter. Tower Research Capital LLC TRC now owns 456 shares of the industrial products company’s stock worth $55,000 after acquiring an additional 270 shares during the period.
SiteOne Landscape Supply Price Performance
Shares of SiteOne Landscape Supply stock opened at $113.29 on Wednesday. The stock has a market capitalization of $5.02 billion, a P/E ratio of 33.62, a PEG ratio of 1.48 and a beta of 1.42. The business has a 50 day simple moving average of $129.29 and a two-hundred day simple moving average of $134.31. SiteOne Landscape Supply, Inc. has a 12 month low of $109.10 and a 12 month high of $168.56. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.33 and a quick ratio of 0.96.
Wall Street Analyst Weigh In
A number of research firms have recently commented on SITE. Weiss Ratings cut SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Barclays reduced their price target on SiteOne Landscape Supply from $150.00 to $148.00 and set an “equal weight” rating for the company in a report on Thursday, April 30th. Stifel Nicolaus raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $157.00 price objective on the stock in a report on Monday, May 4th. Royal Bank Of Canada upped their target price on SiteOne Landscape Supply from $151.00 to $171.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Finally, Deutsche Bank Aktiengesellschaft raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research note on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $160.10.
Check Out Our Latest Stock Analysis on SITE
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.
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