Lazard Asset Management LLC Makes New Investment in SiteOne Landscape Supply, Inc. $SITE

Lazard Asset Management LLC purchased a new position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) during the first quarter, HoldingsChannel.com reports. The fund purchased 15,060 shares of the industrial products company’s stock, valued at approximately $2,005,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Comerica Bank raised its stake in SiteOne Landscape Supply by 24.4% in the fourth quarter. Comerica Bank now owns 134,716 shares of the industrial products company’s stock valued at $16,780,000 after buying an additional 26,436 shares during the last quarter. Bamco Inc. NY grew its stake in shares of SiteOne Landscape Supply by 3.1% during the fourth quarter. Bamco Inc. NY now owns 2,028,366 shares of the industrial products company’s stock worth $252,653,000 after acquiring an additional 61,490 shares during the last quarter. Pier Capital LLC acquired a new position in shares of SiteOne Landscape Supply during the fourth quarter valued at about $3,787,000. Norges Bank purchased a new position in shares of SiteOne Landscape Supply in the 4th quarter valued at approximately $18,925,000. Finally, Summit Creek Advisors LLC raised its position in shares of SiteOne Landscape Supply by 22.1% in the 4th quarter. Summit Creek Advisors LLC now owns 73,442 shares of the industrial products company’s stock valued at $9,148,000 after purchasing an additional 13,312 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SITE. Stifel Nicolaus reissued a “hold” rating and set a $100.00 target price (down from $153.00) on shares of SiteOne Landscape Supply in a research report on Thursday. KeyCorp dropped their price objective on shares of SiteOne Landscape Supply from $145.00 to $135.00 and set an “overweight” rating on the stock in a report on Thursday. UBS Group reduced their target price on SiteOne Landscape Supply from $140.00 to $110.00 and set a “neutral” rating for the company in a research note on Thursday. Royal Bank Of Canada dropped their price target on SiteOne Landscape Supply from $171.00 to $135.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Zacks Research lowered SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a report on Monday, June 22nd. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, SiteOne Landscape Supply currently has a consensus rating of “Hold” and a consensus target price of $135.27.

Key Headlines Impacting SiteOne Landscape Supply

Here are the key news stories impacting SiteOne Landscape Supply this week:

• Positive Sentiment: Despite lowering its price target from $200 to $120, Truist Financial maintained a Buy rating, implying substantial potential upside from recent levels. Benzinga analyst ratings
• Positive Sentiment: KeyCorp cut its target from $145 to $135 but retained an Overweight rating, indicating analysts continue to see longer-term value in SiteOne despite near-term operating challenges. The Fly analyst ratings
• Neutral Sentiment: SiteOne’s earnings call highlighted mixed demand trends and cost pressures. Revenue increased approximately 4.7% year over year to $1.53 billion, but management’s outlook remains constrained by an uneven landscaping market and expense pressures. SiteOne Q2 2026 earnings call summary
• Negative Sentiment: Second-quarter earnings per share were $3.14, below the $3.36 consensus estimate, while revenue also narrowly missed expectations of $1.54 billion. The earnings shortfall prompted investors to reassess near-term growth and margin prospects. Analysts cut forecasts after Q2 results
• Negative Sentiment: The stock reached a new 52-week low after the earnings release, reflecting the market’s negative reaction to the miss. Analysts including Robert W. Baird also lowered their expectations, adding pressure to the shares. SiteOne reaches new 1-year low
• Negative Sentiment: The combination of the EPS miss, cost inflation or other operating pressures, and reduced price targets from Truist, KeyCorp and other analysts has weakened sentiment toward SiteOne’s near-term performance. SITE Q2 deep dive

SiteOne Landscape Supply Stock Performance

SITE opened at $94.61 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.30 and a quick ratio of 1.01. The firm has a fifty day moving average price of $106.60 and a 200 day moving average price of $126.59. SiteOne Landscape Supply, Inc. has a 1 year low of $90.07 and a 1 year high of $168.56. The stock has a market cap of $4.13 billion, a P/E ratio of 25.92, a P/E/G ratio of 1.35 and a beta of 1.35.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $3.14 EPS for the quarter, missing the consensus estimate of $3.36 by ($0.22). SiteOne Landscape Supply had a net margin of 3.41% and a return on equity of 9.76%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the prior year, the business posted $2.86 EPS. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.93 earnings per share for the current year.

Insider Activity

In other news, Director Fred M. Diaz sold 562 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $112.52, for a total transaction of $63,236.24. Following the sale, the director directly owned 11,267 shares in the company, valued at $1,267,762.84. This trade represents a 4.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is currently owned by insiders.

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.