Pembroke Management LTD Has $39.20 Million Holdings in SiteOne Landscape Supply, Inc. $SITE

Pembroke Management LTD grew its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 13.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 304,362 shares of the industrial products company’s stock after buying an additional 35,264 shares during the period. SiteOne Landscape Supply accounts for 3.9% of Pembroke Management LTD’s portfolio, making the stock its 6th largest position. Pembroke Management LTD’s holdings in SiteOne Landscape Supply were worth $39,202,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bayforest Capital Ltd purchased a new stake in SiteOne Landscape Supply in the third quarter worth $224,000. State of Alaska Department of Revenue purchased a new position in shares of SiteOne Landscape Supply during the third quarter worth approximately $346,000. Baker Ellis Asset Management LLC bought a new stake in shares of SiteOne Landscape Supply during the third quarter valued at approximately $325,000. Birch Hill Investment Advisors LLC raised its stake in shares of SiteOne Landscape Supply by 3.6% during the third quarter. Birch Hill Investment Advisors LLC now owns 6,194 shares of the industrial products company’s stock valued at $798,000 after acquiring an additional 215 shares in the last quarter. Finally, Lecap Asset Management Ltd. increased its holdings in SiteOne Landscape Supply by 275.5% during the 3rd quarter. Lecap Asset Management Ltd. now owns 9,080 shares of the industrial products company’s stock worth $1,170,000 after purchasing an additional 6,662 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Barclays set a $134.00 target price on SiteOne Landscape Supply and gave the stock an “equal weight” rating in a report on Monday, December 8th. William Blair reaffirmed a “market perform” rating on shares of SiteOne Landscape Supply in a research note on Wednesday, October 15th. Loop Capital raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and raised their target price for the company from $150.00 to $160.00 in a research report on Friday, September 19th. Royal Bank Of Canada upgraded shares of SiteOne Landscape Supply from a “sector perform” rating to an “outperform” rating and set a $151.00 price target for the company in a report on Thursday, January 8th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research note on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, SiteOne Landscape Supply has a consensus rating of “Hold” and an average price target of $150.10.

SiteOne Landscape Supply Stock Down 1.3%

NYSE:SITE opened at $147.91 on Friday. The company’s 50-day simple moving average is $130.98 and its 200-day simple moving average is $131.76. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.14 and a current ratio of 2.49. SiteOne Landscape Supply, Inc. has a fifty-two week low of $101.25 and a fifty-two week high of $154.00. The stock has a market capitalization of $6.59 billion, a P/E ratio of 48.02, a P/E/G ratio of 1.58 and a beta of 1.58.

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

SiteOne Landscape Supply Company 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.