Lecap Asset Management Ltd. Acquires 6,662 Shares of SiteOne Landscape Supply, Inc. $SITE

Lecap Asset Management Ltd. boosted its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 275.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,080 shares of the industrial products company’s stock after buying an additional 6,662 shares during the quarter. Lecap Asset Management Ltd.’s holdings in SiteOne Landscape Supply were worth $1,170,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SITE. Allworth Financial LP lifted its position in shares of SiteOne Landscape Supply by 61.2% in the second quarter. Allworth Financial LP now owns 237 shares of the industrial products company’s stock worth $29,000 after buying an additional 90 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of SiteOne Landscape Supply by 36.6% in the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 107 shares in the last quarter. HM Payson & Co. lifted its holdings in SiteOne Landscape Supply by 32.2% in the 3rd quarter. HM Payson & Co. now owns 398 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 97 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in SiteOne Landscape Supply by 145.2% during the second quarter. Tower Research Capital LLC TRC now owns 456 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 270 shares during the period. Finally, Parallel Advisors LLC grew its holdings in SiteOne Landscape Supply by 49.5% during the second quarter. Parallel Advisors LLC now owns 562 shares of the industrial products company’s stock valued at $68,000 after purchasing an additional 186 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SITE shares. Loop Capital raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and raised their price target for the company from $150.00 to $160.00 in a research report on Friday, September 19th. Barclays set a $134.00 target price on SiteOne Landscape Supply and gave the company an “equal weight” rating in a research note on Monday, December 8th. Bank of America began coverage on SiteOne Landscape Supply in a research report on Thursday, December 18th. They issued a “buy” rating and a $147.00 price target on the stock. Zacks Research upgraded SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th. Finally, William Blair reissued a “market perform” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, October 15th. Five investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $150.10.

SiteOne Landscape Supply Price Performance

SiteOne Landscape Supply stock opened at $129.01 on Thursday. The business has a 50 day simple moving average of $128.32 and a 200 day simple moving average of $130.68. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.49 and a quick ratio of 1.14. The company has a market capitalization of $5.75 billion, a PE ratio of 41.89, a price-to-earnings-growth ratio of 1.37 and a beta of 1.58. SiteOne Landscape Supply, Inc. has a one year low of $101.25 and a one year high of $154.00.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.09. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. SiteOne Landscape Supply had a return on equity of 8.62% and a net margin of 2.98%.The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.97 earnings per share. On average, sell-side analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

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.