Lisanti Capital Growth LLC Sells 12,605 Shares of SiteOne Landscape Supply, Inc. $SITE

Lisanti Capital Growth LLC trimmed its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 60.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,345 shares of the industrial products company’s stock after selling 12,605 shares during the period. Lisanti Capital Growth LLC’s holdings in SiteOne Landscape Supply were worth $1,039,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. 59 North Capital Management LP acquired a new stake in SiteOne Landscape Supply in the third quarter valued at $214,417,000. Cartenna Capital LP acquired a new stake in SiteOne Landscape Supply in the third quarter valued at $63,756,000. Amundi acquired a new stake in SiteOne Landscape Supply in the third quarter valued at $59,763,000. AQR Capital Management LLC increased its holdings in SiteOne Landscape Supply by 743.5% in the second quarter. AQR Capital Management LLC now owns 441,192 shares of the industrial products company’s stock valued at $52,440,000 after purchasing an additional 388,890 shares during the period. Finally, Balyasny Asset Management L.P. increased its holdings in SiteOne Landscape Supply by 791.0% in the third quarter. Balyasny Asset Management L.P. now owns 351,041 shares of the industrial products company’s stock valued at $45,214,000 after purchasing an additional 311,641 shares during the period.

SiteOne Landscape Supply Stock Performance

Shares of SiteOne Landscape Supply stock opened at $113.48 on Friday. The company has a current ratio of 2.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average price of $129.97 and a two-hundred day moving average price of $134.41. SiteOne Landscape Supply, Inc. has a 1-year low of $109.10 and a 1-year high of $168.56. The company has a market cap of $5.03 billion, a P/E ratio of 33.67, a PEG ratio of 1.48 and a beta of 1.42.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.27). SiteOne Landscape Supply had a return on equity of 9.22% and a net margin of 3.24%.The business had revenue of $940.10 million for the quarter, compared to analyst estimates of $982.27 million. During the same quarter in the previous year, the business posted ($0.61) earnings per share. The business’s revenue was up .1% on a year-over-year basis. As a group, analysts anticipate that SiteOne Landscape Supply, Inc. will post 4.18 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on SITE shares. Weiss Ratings downgraded SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Stifel Nicolaus upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $157.00 price objective for the company in a report on Monday, May 4th. Truist Financial increased their price objective on SiteOne Landscape Supply from $165.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Royal Bank Of Canada increased their price objective on SiteOne Landscape Supply from $151.00 to $171.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Finally, Barclays decreased their price objective 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. Six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $160.10.

About SiteOne Landscape Supply

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.