Lisanti Capital Growth LLC Decreases Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Lisanti Capital Growth LLC trimmed its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 95.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,405 shares of the industrial products company’s stock after selling 49,225 shares during the period. Lisanti Capital Growth LLC’s holdings in SiteOne Landscape Supply were worth $391,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC lifted its position in SiteOne Landscape Supply by 11.6% in the third quarter. SG Americas Securities LLC now owns 1,093 shares of the industrial products company’s stock worth $179,000 after buying an additional 114 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in shares of SiteOne Landscape Supply during the 3rd quarter worth about $219,000. Raymond James Financial Services Advisors Inc. grew its holdings in SiteOne Landscape Supply by 5.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 3,285 shares of the industrial products company’s stock valued at $537,000 after purchasing an additional 168 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new stake in SiteOne Landscape Supply in the 3rd quarter worth about $290,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in SiteOne Landscape Supply by 15.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,086 shares of the industrial products company’s stock worth $1,485,000 after purchasing an additional 1,200 shares during the last quarter.

Insider Activity at SiteOne Landscape Supply

In other news, CFO John T. Guthrie sold 3,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $180.00, for a total value of $540,000.00. Following the sale, the chief financial officer now directly owns 15,467 shares in the company, valued at approximately $2,784,060. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Doug Black sold 10,000 shares of the business’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $162.10, for a total transaction of $1,621,000.00. Following the transaction, the chief executive officer now directly owns 574,657 shares in the company, valued at approximately $93,151,899.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO John T. Guthrie sold 3,000 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $180.00, for a total value of $540,000.00. Following the completion of the sale, the chief financial officer now owns 15,467 shares of the company’s stock, valued at $2,784,060. The disclosure for this sale can be found here. Insiders have sold a total of 23,000 shares of company stock valued at $3,924,500 over the last quarter. 2.60% of the stock is owned by corporate insiders.

SiteOne Landscape Supply Stock Down 1.3 %

Shares of SITE traded down $1.98 during mid-day trading on Tuesday, hitting $156.14. The company’s stock had a trading volume of 330,146 shares, compared to its average volume of 319,120. The firm has a market capitalization of $7.06 billion, a price-to-earnings ratio of 45.79 and a beta of 1.53. The company’s 50-day moving average is $169.22 and its 200-day moving average is $156.94. The company has a current ratio of 2.36, a quick ratio of 0.96 and a debt-to-equity ratio of 0.35. SiteOne Landscape Supply, Inc. has a 52-week low of $116.81 and a 52-week high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, May 1st. The industrial products company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.22). SiteOne Landscape Supply had a return on equity of 10.77% and a net margin of 3.63%. The company had revenue of $904.80 million for the quarter, compared to analysts’ expectations of $864.01 million. During the same quarter in the prior year, the company earned ($0.10) EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. On average, equities research analysts forecast that SiteOne Landscape Supply, Inc. will post 4.02 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on SITE. Loop Capital downgraded SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Truist Financial decreased their target price on SiteOne Landscape Supply from $204.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Barclays cut their price target on shares of SiteOne Landscape Supply from $145.00 to $133.00 and set an “underweight” rating on the stock in a report on Thursday, May 2nd. Stifel Nicolaus upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and decreased their price objective for the company from $167.00 to $165.00 in a report on Thursday, May 2nd. Finally, Royal Bank of Canada raised their target price on shares of SiteOne Landscape Supply from $150.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $167.50.

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.