Dynamic Technology Lab Private Ltd Takes Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,840 shares of the industrial products company's stock, valued at approximately $374,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. increased its holdings in SiteOne Landscape Supply by 90.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company's stock worth $32,000 after buying an additional 100 shares in the last quarter. Trust Co. of Vermont grew its holdings in SiteOne Landscape Supply by 657.9% during the fourth quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 250 shares during the period. Tortoise Investment Management LLC increased its holdings in SiteOne Landscape Supply by 78.9% in the 4th quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company's stock worth $39,000 after acquiring an additional 131 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of SiteOne Landscape Supply in the fourth quarter worth $40,000. Finally, Brown Brothers Harriman & Co. raised its holdings in SiteOne Landscape Supply by 395.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 342 shares of the industrial products company's stock valued at $45,000 after acquiring an additional 273 shares during the period.

SiteOne Landscape Supply Stock Up 1.2 %

SiteOne Landscape Supply stock traded up $1.43 during midday trading on Tuesday, hitting $116.39. 81,034 shares of the company's stock were exchanged, compared to its average volume of 401,563. SiteOne Landscape Supply, Inc. has a 12 month low of $101.25 and a 12 month high of $171.00. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. The company has a market cap of $5.23 billion, a PE ratio of 43.24 and a beta of 1.62. The firm has a 50-day moving average of $125.55 and a two-hundred day moving average of $136.62.

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SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.22). SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. As a group, analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SITE has been the topic of several recent analyst reports. Loop Capital lowered their target price on shares of SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating on the stock in a report on Friday, April 4th. StockNews.com raised SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Sunday, March 16th. Barclays reduced their price objective 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. UBS Group dropped their target price on SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Finally, Robert W. Baird reduced their price target on 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 equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, SiteOne Landscape Supply presently has an average rating of "Hold" and an average target price of $149.70.

SiteOne Landscape Supply Company Profile

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.