Artisan Partners Limited Partnership Increases Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Artisan Partners Limited Partnership boosted its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 137.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 368,142 shares of the industrial products company’s stock after purchasing an additional 212,907 shares during the quarter. Artisan Partners Limited Partnership owned about 0.82% of SiteOne Landscape Supply worth $48,510,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of SITE. Nomura Asset Management Co. Ltd. grew its stake in shares of SiteOne Landscape Supply by 90.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock valued at $32,000 after buying an additional 100 shares during the period. Trust Co. of Vermont grew its position in SiteOne Landscape Supply by 657.9% during the fourth quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 250 shares during the period. Tortoise Investment Management LLC increased its stake in SiteOne Landscape Supply by 78.9% during the fourth quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 131 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in SiteOne Landscape Supply during the third quarter worth about $71,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of SiteOne Landscape Supply by 11.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,498 shares of the industrial products company’s stock worth $197,000 after purchasing an additional 156 shares during the period.

SiteOne Landscape Supply Stock Performance

SiteOne Landscape Supply stock opened at $121.93 on Friday. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. The stock has a 50 day moving average of $133.25 and a 200-day moving average of $139.51. The stock has a market cap of $5.48 billion, a P/E ratio of 45.33 and a beta of 1.69. SiteOne Landscape Supply, Inc. has a 52 week low of $114.60 and a 52 week high of $181.81.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.22). SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. On average, analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SITE. Royal Bank of Canada increased their target price on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Robert W. Baird decreased their price objective on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Stifel Nicolaus reissued a “hold” rating and issued a $140.00 target price (down previously from $145.00) on shares of SiteOne Landscape Supply in a research note on Monday, February 10th. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and upped their price target for the stock from $145.00 to $175.00 in a research report on Friday, December 6th. Finally, UBS Group cut their price objective on SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, SiteOne Landscape Supply has an average rating of “Hold” and an average price target of $154.56.

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.