Pembroke Management LTD Has $26.71 Million Stock Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Pembroke Management LTD grew its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE – Get Rating) by 12.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 227,678 shares of the industrial products company’s stock after purchasing an additional 24,378 shares during the quarter. SiteOne Landscape Supply comprises about 2.9% of Pembroke Management LTD’s portfolio, making the stock its 11th biggest position. Pembroke Management LTD’s holdings in SiteOne Landscape Supply were worth $26,711,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SITE. Raymond James Financial Services Advisors Inc. raised its stake in SiteOne Landscape Supply by 15.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 4,436 shares of the industrial products company’s stock worth $717,000 after buying an additional 593 shares during the period. Cetera Advisor Networks LLC raised its stake in SiteOne Landscape Supply by 186.3% during the 1st quarter. Cetera Advisor Networks LLC now owns 2,525 shares of the industrial products company’s stock worth $408,000 after buying an additional 1,643 shares during the period. Citigroup Inc. raised its stake in SiteOne Landscape Supply by 14.8% during the 1st quarter. Citigroup Inc. now owns 10,831 shares of the industrial products company’s stock worth $1,751,000 after buying an additional 1,398 shares during the period. Bank of Montreal Can acquired a new position in SiteOne Landscape Supply during the 1st quarter worth approximately $410,000. Finally, MetLife Investment Management LLC acquired a new position in SiteOne Landscape Supply during the 1st quarter worth approximately $309,000.

Analysts Set New Price Targets

SITE has been the topic of a number of research reports. Jefferies Financial Group downgraded SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $170.00 price target on the stock. in a research note on Thursday, February 16th. Loop Capital boosted their price objective on SiteOne Landscape Supply from $140.00 to $155.00 and gave the stock a “hold” rating in a report on Thursday, February 16th. StockNews.com assumed coverage on SiteOne Landscape Supply in a report on Thursday. They set a “hold” rating for the company. Truist Financial boosted their price objective on SiteOne Landscape Supply from $127.00 to $157.00 and gave the stock a “hold” rating in a report on Thursday, February 16th. Finally, TheStreet raised SiteOne Landscape Supply from a “c+” rating to a “b-” rating in a report on Tuesday, January 24th. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, SiteOne Landscape Supply has an average rating of “Hold” and an average target price of $151.70.

SiteOne Landscape Supply Stock Performance

Shares of SITE stock traded down $4.15 during trading on Friday, hitting $132.95. The company’s stock had a trading volume of 294,791 shares, compared to its average volume of 320,741. The company has a market cap of $5.98 billion, a PE ratio of 24.85 and a beta of 1.44. The company has a current ratio of 2.36, a quick ratio of 0.99 and a debt-to-equity ratio of 0.30. The business has a fifty day moving average of $144.04 and a 200-day moving average of $126.02. SiteOne Landscape Supply, Inc. has a 52 week low of $97.36 and a 52 week high of $184.19.

SiteOne Landscape Supply (NYSE:SITE – Get Rating) last released its earnings results on Wednesday, February 15th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.15). The business had revenue of $890.00 million during the quarter, compared to the consensus estimate of $895.05 million. SiteOne Landscape Supply had a net margin of 6.11% and a return on equity of 19.75%. The business’s revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.60 earnings per share. As a group, research analysts anticipate that SiteOne Landscape Supply, Inc. will post 4.22 earnings per share for the current year.

SiteOne Landscape Supply Profile

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SiteOne Landscape Supply, Inc engages in the distribution of landscape supplies and residential. Its products include hardscapes, landscape accessories, nursery goods, outdoor lighting, and ice melt products to green industry professionals. The company was founded in 2001 and is headquartered in Roswell, GA.