Canada Pension Plan Investment Board Grows Stock Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Canada Pension Plan Investment Board boosted its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 4,720.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,100 shares of the industrial products company's stock after buying an additional 23,600 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.05% of SiteOne Landscape Supply worth $3,176,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SITE. Trust Co. of Vermont increased its holdings in shares of SiteOne Landscape Supply by 657.9% in the 4th quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 250 shares during the last quarter. Tortoise Investment Management LLC increased its stake in SiteOne Landscape Supply by 78.9% in the fourth quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 131 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in SiteOne Landscape Supply during the fourth quarter worth approximately $40,000. Brown Brothers Harriman & Co. boosted its holdings in shares of SiteOne Landscape Supply by 395.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 342 shares of the industrial products company's stock valued at $45,000 after buying an additional 273 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of SiteOne Landscape Supply in the 3rd quarter valued at $71,000.

Analysts Set New Price Targets

Several equities analysts have issued reports on SITE shares. UBS Group decreased their price objective on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Deutsche Bank Aktiengesellschaft started coverage on SiteOne Landscape Supply in a research note on Tuesday, April 1st. They set a "hold" rating and a $135.00 price target on the stock. StockNews.com upgraded SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Sunday, March 16th. Barclays lowered their target price on shares of SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Robert W. Baird cut their target price on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $149.70.

SiteOne Landscape Supply Stock Up 3.6 %

Shares of SiteOne Landscape Supply stock opened at $113.84 on Wednesday. The company has a market cap of $5.12 billion, a P/E ratio of 42.32 and a beta of 1.62. The firm has a fifty day moving average of $122.68 and a two-hundred day moving average of $135.19. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. SiteOne Landscape Supply, Inc. has a one year low of $101.25 and a one year high of $166.34.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.22). SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. On average, analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share 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.

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