Pembroke Management LTD Purchases 28,117 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Pembroke Management LTD raised its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 15.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 211,516 shares of the industrial products company’s stock after buying an additional 28,117 shares during the period. SiteOne Landscape Supply comprises 4.1% of Pembroke Management LTD’s portfolio, making the stock its 5th biggest position. Pembroke Management LTD’s holdings in SiteOne Landscape Supply were worth $31,920,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of SiteOne Landscape Supply by 0.6% in the first quarter. Vanguard Group Inc. now owns 4,158,085 shares of the industrial products company’s stock valued at $725,794,000 after buying an additional 23,362 shares during the last quarter. Conestoga Capital Advisors LLC lifted its position in shares of SiteOne Landscape Supply by 2.5% during the second quarter. Conestoga Capital Advisors LLC now owns 1,141,624 shares of the industrial products company’s stock worth $138,605,000 after purchasing an additional 28,265 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of SiteOne Landscape Supply by 10.3% during the second quarter. Dimensional Fund Advisors LP now owns 568,349 shares of the industrial products company’s stock valued at $69,007,000 after purchasing an additional 53,131 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of SiteOne Landscape Supply by 49.3% in the second quarter. Bank of New York Mellon Corp now owns 479,581 shares of the industrial products company’s stock valued at $58,226,000 after purchasing an additional 158,350 shares in the last quarter. Finally, American Century Companies Inc. raised its position in SiteOne Landscape Supply by 44.3% in the 2nd quarter. American Century Companies Inc. now owns 360,079 shares of the industrial products company’s stock worth $43,717,000 after purchasing an additional 110,589 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Robert W. Baird increased their price objective on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Truist Financial raised their price target on SiteOne Landscape Supply from $158.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, August 1st. UBS Group dropped their price objective on SiteOne Landscape Supply from $190.00 to $185.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Stifel Nicolaus lowered shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 target price on the stock. in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group assumed coverage on shares of SiteOne Landscape Supply in a research note on Thursday, October 10th. They set a “neutral” rating and a $158.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $147.80.

Insider Transactions at SiteOne Landscape Supply

In related news, Director Fred M. Diaz sold 878 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $129.04, for a total value of $113,297.12. Following the completion of the transaction, the director now directly owns 11,267 shares in the company, valued at approximately $1,453,893.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.70% of the stock is currently owned by insiders.

SiteOne Landscape Supply Trading Up 1.6 %

SITE opened at $141.96 on Friday. The firm’s fifty day moving average is $143.39 and its two-hundred day moving average is $141.74. The firm has a market cap of $6.41 billion, a PE ratio of 45.94 and a beta of 1.53. SiteOne Landscape Supply, Inc. has a twelve month low of $114.60 and a twelve month high of $188.01. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.10 and a current ratio of 2.53.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.21). The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.25 EPS. Equities research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.21 EPS for the current year.

About SiteOne Landscape Supply

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.