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

Lisanti Capital Growth LLC cut its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 95.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,405 shares of the industrial products company’s stock after selling 49,225 shares during the quarter. Lisanti Capital Growth LLC’s holdings in SiteOne Landscape Supply were worth $391,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SITE. MeadowBrook Investment Advisors LLC acquired a new position in shares of SiteOne Landscape Supply during the fourth quarter worth about $182,000. Vestmark Advisory Solutions Inc. increased its position in shares of SiteOne Landscape Supply by 3.2% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 17,855 shares of the industrial products company’s stock valued at $2,901,000 after purchasing an additional 546 shares during the last quarter. Sapient Capital LLC acquired a new stake in shares of SiteOne Landscape Supply in the 4th quarter valued at $549,000. SRS Capital Advisors Inc. lifted its position in shares of SiteOne Landscape Supply by 42.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 4,683 shares of the industrial products company’s stock worth $761,000 after purchasing an additional 1,385 shares during the last quarter. Finally, Natixis Advisors L.P. grew its stake in shares of SiteOne Landscape Supply by 2.2% during the fourth quarter. Natixis Advisors L.P. now owns 182,734 shares of the industrial products company’s stock worth $29,693,000 after purchasing an additional 3,964 shares in the last quarter.

SiteOne Landscape Supply Stock Performance

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

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data 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 analyst estimates of $864.01 million. During the same period in the previous year, the business posted ($0.10) earnings per share. The firm’s revenue was up 8.1% compared to the same quarter last year. As a group, sell-side analysts forecast that SiteOne Landscape Supply, Inc. will post 4.02 EPS for the current year.

Insider Transactions at SiteOne Landscape Supply

In other news, CFO John T. Guthrie sold 3,000 shares of the firm’s stock in a transaction on 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 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 hyperlink. In related news, CEO Doug Black sold 10,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $176.35, for a total transaction of $1,763,500.00. Following the transaction, the chief executive officer now owns 574,657 shares of the company’s stock, valued at $101,340,761.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John T. Guthrie sold 3,000 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $180.00, for a total value of $540,000.00. Following the completion of the transaction, the chief financial officer now owns 15,467 shares of the company’s stock, valued at approximately $2,784,060. The disclosure for this sale can be found here. Insiders sold 23,000 shares of company stock worth $3,924,500 over the last 90 days. 2.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

SITE has been the subject of a number of recent analyst reports. Royal Bank of Canada lifted their price target on SiteOne Landscape Supply from $150.00 to $157.00 and gave the stock a “sector perform” rating in a report on Thursday, February 15th. Barclays lowered their price target on SiteOne Landscape Supply from $145.00 to $133.00 and set an “underweight” rating for the company in a report on Thursday, May 2nd. Robert W. Baird raised their price objective on shares of SiteOne Landscape Supply from $175.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Loop Capital cut shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Stifel Nicolaus raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and reduced their price target for the company from $167.00 to $165.00 in a research report on Thursday, May 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $167.50.

SiteOne Landscape Supply Company 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.