Pembroke Management LTD Purchases 62,434 Shares of SiteOne Landscape Supply, Inc. $SITE

Pembroke Management LTD raised its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 30.2% in the second quarter, Holdings Channel reports. The fund owned 269,098 shares of the industrial products company’s stock after buying an additional 62,434 shares during the quarter. SiteOne Landscape Supply comprises approximately 4.0% of Pembroke Management LTD’s investment portfolio, making the stock its 7th biggest holding. Pembroke Management LTD’s holdings in SiteOne Landscape Supply were worth $32,545,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. OneDigital Investment Advisors LLC boosted its position in shares of SiteOne Landscape Supply by 22.3% in the first quarter. OneDigital Investment Advisors LLC now owns 1,877 shares of the industrial products company’s stock valued at $228,000 after acquiring an additional 342 shares during the period. Teacher Retirement System of Texas increased its position in SiteOne Landscape Supply by 124.5% during the first quarter. Teacher Retirement System of Texas now owns 8,886 shares of the industrial products company’s stock worth $1,079,000 after acquiring an additional 4,927 shares during the period. Charles Schwab Investment Management Inc. raised its stake in SiteOne Landscape Supply by 0.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 555,858 shares of the industrial products company’s stock valued at $67,503,000 after purchasing an additional 2,951 shares during the last quarter. TD Asset Management Inc boosted its holdings in SiteOne Landscape Supply by 18.3% in the 1st quarter. TD Asset Management Inc now owns 61,389 shares of the industrial products company’s stock valued at $7,455,000 after purchasing an additional 9,496 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in SiteOne Landscape Supply in the 2nd quarter valued at $989,000.

SiteOne Landscape Supply Stock Performance

SiteOne Landscape Supply stock opened at $123.90 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.49 and a quick ratio of 1.14. The stock has a fifty day moving average price of $129.93 and a two-hundred day moving average price of $128.03. SiteOne Landscape Supply, Inc. has a 52-week low of $101.25 and a 52-week high of $160.74. The firm has a market capitalization of $5.52 billion, a P/E ratio of 40.23, a P/E/G ratio of 2.00 and a beta of 1.60.

SiteOne Landscape Supply (NYSE:SITE) last issued 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 for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the company earned $0.97 EPS. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

Analyst Ratings Changes

SITE has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of SiteOne Landscape Supply from $106.00 to $120.00 and gave the company an “underweight” rating in a research report on Thursday, October 30th. Wall Street Zen upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Zacks Research lowered SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 28th. Royal Bank Of Canada boosted their price objective on SiteOne Landscape Supply from $143.00 to $151.00 and gave the company a “sector perform” rating in a research report on Thursday, October 30th. Finally, Loop Capital raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and raised their target price for the stock from $150.00 to $160.00 in a research report on Friday, September 19th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $150.70.

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.