Lighthouse Investment Partners LLC Invests $1.32 Million in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Lighthouse Investment Partners LLC bought a new position in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,000 shares of the industrial products company's stock, valued at approximately $1,318,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SITE. Arizona State Retirement System boosted its stake in shares of SiteOne Landscape Supply by 0.6% during the 4th quarter. Arizona State Retirement System now owns 13,096 shares of the industrial products company's stock worth $1,726,000 after acquiring an additional 77 shares during the last quarter. HighPoint Advisor Group LLC boosted its stake in shares of SiteOne Landscape Supply by 4.0% during the 4th quarter. HighPoint Advisor Group LLC now owns 2,037 shares of the industrial products company's stock worth $271,000 after acquiring an additional 78 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of SiteOne Landscape Supply by 0.7% during the 4th quarter. Treasurer of the State of North Carolina now owns 19,611 shares of the industrial products company's stock worth $2,584,000 after acquiring an additional 130 shares during the last quarter. Tortoise Investment Management LLC boosted its stake in shares of SiteOne Landscape Supply by 78.9% during the 4th 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. Finally, Jones Financial Companies Lllp boosted its stake in shares of SiteOne Landscape Supply by 11.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,498 shares of the industrial products company's stock worth $197,000 after acquiring an additional 156 shares during the last quarter.

SiteOne Landscape Supply Price Performance

SITE stock traded down $0.49 during mid-day trading on Tuesday, hitting $122.84. The company had a trading volume of 73,061 shares, compared to its average volume of 426,180. The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of 45.69 and a beta of 1.62. SiteOne Landscape Supply, Inc. has a 12-month low of $101.25 and a 12-month high of $160.75. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. The company has a 50-day moving average price of $118.30 and a 200 day moving average price of $131.96.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.50) by ($0.11). SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. The company had revenue of $939.40 million during the quarter, compared to analysts' expectations of $933.90 million. During the same quarter in the previous year, the firm earned ($0.43) EPS. The firm's revenue for the quarter was up 3.8% compared to the same quarter last year. On average, research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SITE shares. Royal Bank of Canada dropped their price target on shares of SiteOne Landscape Supply from $136.00 to $130.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 1st. Truist Financial lowered their target price on shares of SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. UBS Group lowered their target price on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. StockNews.com upgraded shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Thursday, May 1st. Finally, Stifel Nicolaus lowered their target price on shares of SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating on the stock in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $145.70.

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.