Kornitzer Capital Management Inc. KS Has $4.79 Million Holdings in SiteOne Landscape Supply, Inc. $SITE

Kornitzer Capital Management Inc. KS trimmed its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 33.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,190 shares of the industrial products company’s stock after selling 18,295 shares during the period. Kornitzer Capital Management Inc. KS owned approximately 0.08% of SiteOne Landscape Supply worth $4,790,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Allworth Financial LP lifted its position in shares of SiteOne Landscape Supply by 61.2% during the 2nd quarter. Allworth Financial LP now owns 237 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 90 shares during the period. NewEdge Advisors LLC raised its holdings in shares of SiteOne Landscape Supply by 36.6% during the first quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 107 shares during the period. HM Payson & Co. boosted its position in shares of SiteOne Landscape Supply by 32.2% during 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 in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of SiteOne Landscape Supply by 145.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 456 shares of the industrial products company’s stock valued at $55,000 after buying an additional 270 shares during the period. Finally, GAMMA Investing LLC raised its stake in SiteOne Landscape Supply by 24.0% during the 3rd quarter. GAMMA Investing LLC now owns 583 shares of the industrial products company’s stock worth $75,000 after buying an additional 113 shares during the period.

SiteOne Landscape Supply Price Performance

Shares of NYSE:SITE opened at $144.65 on Wednesday. The company has a current ratio of 2.49, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29. The stock has a market cap of $6.44 billion, a PE ratio of 46.96, a price-to-earnings-growth ratio of 1.55 and a beta of 1.58. The stock’s fifty day simple moving average is $133.76 and its two-hundred day simple moving average is $132.67. SiteOne Landscape Supply, Inc. has a 1-year low of $101.25 and a 1-year high of $154.00.

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

Analysts Set New Price Targets

Several research analysts have issued reports on SITE shares. Barclays set a $134.00 price target on SiteOne Landscape Supply and gave the stock an “equal weight” rating in a report on Monday, December 8th. William Blair reiterated a “market perform” rating on shares of SiteOne Landscape Supply in a report on Wednesday, October 15th. Zacks Research lowered shares of SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 21st. Bank of America started coverage on shares of SiteOne Landscape Supply in a research note on Thursday, December 18th. They issued a “buy” rating and a $147.00 price objective on the stock. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a report on Wednesday, January 21st. Six investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $150.10.

SiteOne Landscape Supply Profile

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.