SiteOne Landscape Supply, Inc. (NYSE:SITE) is Pembroke Management LTD's 5th Largest Position

Pembroke Management LTD boosted its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 15.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 211,516 shares of the industrial products company's stock after buying an additional 28,117 shares during the quarter. SiteOne Landscape Supply accounts for approximately 4.1% of Pembroke Management LTD's investment portfolio, making the stock its 5th largest position. Pembroke Management LTD owned 0.47% of SiteOne Landscape Supply worth $31,920,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SITE. Stephens Inc. AR grew its stake in shares of SiteOne Landscape Supply by 8.2% during the third quarter. Stephens Inc. AR now owns 3,001 shares of the industrial products company's stock valued at $453,000 after buying an additional 228 shares during the last quarter. abrdn plc boosted its holdings in SiteOne Landscape Supply by 0.4% during the 3rd quarter. abrdn plc now owns 101,465 shares of the industrial products company's stock valued at $15,312,000 after acquiring an additional 403 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in SiteOne Landscape Supply by 5.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,131 shares of the industrial products company's stock valued at $322,000 after acquiring an additional 113 shares during the last quarter. Arkadios Wealth Advisors lifted its position in shares of SiteOne Landscape Supply by 6.1% during the third quarter. Arkadios Wealth Advisors now owns 1,842 shares of the industrial products company's stock worth $278,000 after purchasing an additional 106 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in shares of SiteOne Landscape Supply by 6,488.6% during the third quarter. International Assets Investment Management LLC now owns 36,369 shares of the industrial products company's stock valued at $5,488,000 after purchasing an additional 35,817 shares during the period.

Insider Transactions at SiteOne Landscape Supply

In other news, Director Fred M. Diaz sold 878 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $129.04, for a total value of $113,297.12. Following the completion of the sale, the director now owns 11,267 shares of the company's stock, valued at $1,453,893.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.70% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on SITE. Stifel Nicolaus downgraded shares of SiteOne Landscape Supply from a "buy" rating to a "hold" rating and set a $150.00 target price on the stock. in a research note on Thursday, August 1st. Royal Bank of Canada decreased their target price on SiteOne Landscape Supply from $133.00 to $132.00 and set a "sector perform" rating for the company in a research report on Thursday, August 1st. Truist Financial upped their target price on SiteOne Landscape Supply from $158.00 to $165.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. The Goldman Sachs Group assumed coverage on SiteOne Landscape Supply in a report on Thursday, October 10th. They issued a "neutral" rating and a $158.00 price objective for the company. Finally, Barclays increased their target price on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an "underweight" rating in a report on Thursday. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $147.80.

SiteOne Landscape Supply Price Performance

SITE stock traded up $2.22 during midday trading on Friday, reaching $141.96. The stock had a trading volume of 525,949 shares, compared to its average volume of 337,801. SiteOne Landscape Supply, Inc. has a 52-week low of $114.60 and a 52-week high of $188.01. The company has a market cap of $6.41 billion, a price-to-earnings ratio of 45.94 and a beta of 1.53. The company's fifty day simple moving average is $143.39 and its 200 day simple moving average is $141.74. The company has a current ratio of 2.53, a quick ratio of 1.10 and a debt-to-equity ratio of 0.31.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.21). The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. SiteOne Landscape Supply's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.25 EPS. As a group, sell-side analysts predict that SiteOne Landscape Supply, Inc. will post 3.21 earnings per share for the current fiscal 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.