Zweig DiMenna Associates LLC Grows Stake in SiteOne Landscape Supply, Inc. $SITE

Zweig DiMenna Associates LLC grew its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 370.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,600 shares of the industrial products company’s stock after buying an additional 35,900 shares during the quarter. Zweig DiMenna Associates LLC’s holdings in SiteOne Landscape Supply were worth $5,873,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Summitry LLC increased its stake in shares of SiteOne Landscape Supply by 16.4% during the third quarter. Summitry LLC now owns 2,568 shares of the industrial products company’s stock valued at $331,000 after buying an additional 362 shares during the period. State of New Jersey Common Pension Fund D grew its holdings in SiteOne Landscape Supply by 3.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 16,839 shares of the industrial products company’s stock worth $2,169,000 after acquiring an additional 570 shares in the last quarter. Illinois Municipal Retirement Fund grew its holdings in SiteOne Landscape Supply by 14.0% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 27,089 shares of the industrial products company’s stock worth $3,489,000 after acquiring an additional 3,333 shares in the last quarter. Cibc World Market Inc. increased its position in SiteOne Landscape Supply by 10.0% during the 3rd quarter. Cibc World Market Inc. now owns 3,352 shares of the industrial products company’s stock valued at $432,000 after purchasing an additional 305 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of SiteOne Landscape Supply by 4.5% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 42,336 shares of the industrial products company’s stock valued at $5,453,000 after purchasing an additional 1,816 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Stifel Nicolaus set a $144.00 price objective on shares of SiteOne Landscape Supply in a report on Monday, February 9th. Barclays increased their target price on SiteOne Landscape Supply from $134.00 to $150.00 and gave the company an “equal weight” rating in a research report on Thursday. Royal Bank Of Canada boosted their price target on SiteOne Landscape Supply from $151.00 to $171.00 and gave the stock an “outperform” rating in a research report on Thursday. Robert W. Baird set a $190.00 price objective on SiteOne Landscape Supply in a research report on Thursday. Finally, Bank of America began coverage on SiteOne Landscape Supply in a research note on Thursday, December 18th. They issued a “buy” rating and a $147.00 target price on the stock. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, SiteOne Landscape Supply presently has a consensus rating of “Hold” and an average target price of $159.44.

SiteOne Landscape Supply Trading Down 1.4%

NYSE SITE opened at $157.00 on Tuesday. 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 company has a fifty day simple moving average of $138.96 and a two-hundred day simple moving average of $134.73. SiteOne Landscape Supply, Inc. has a 12-month low of $101.25 and a 12-month high of $168.56. The stock has a market cap of $6.99 billion, a P/E ratio of 46.73, a P/E/G ratio of 1.73 and a beta of 1.59.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, February 11th. The industrial products company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.09. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. SiteOne Landscape Supply had a return on equity of 9.33% and a net margin of 3.23%.The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.48) earnings per share. On average, analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current 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.