Pier Capital LLC Purchases 16,710 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Pier Capital LLC raised its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 75.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 38,958 shares of the industrial products company's stock after acquiring an additional 16,710 shares during the period. Pier Capital LLC owned approximately 0.09% of SiteOne Landscape Supply worth $5,879,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Cetera Advisors LLC acquired a new position in SiteOne Landscape Supply in the 1st quarter worth $708,000. Cetera Investment Advisers boosted its stake in shares of SiteOne Landscape Supply by 143.8% during the 1st quarter. Cetera Investment Advisers now owns 12,281 shares of the industrial products company's stock worth $2,144,000 after buying an additional 7,244 shares during the last quarter. Algert Global LLC boosted its stake in shares of SiteOne Landscape Supply by 375.4% during the 3rd quarter. Algert Global LLC now owns 29,506 shares of the industrial products company's stock worth $4,453,000 after buying an additional 23,300 shares during the last quarter. Swedbank AB boosted its stake in shares of SiteOne Landscape Supply by 6.3% during the 2nd quarter. Swedbank AB now owns 102,000 shares of the industrial products company's stock worth $12,384,000 after buying an additional 6,000 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of SiteOne Landscape Supply by 4.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,026 shares of the industrial products company's stock worth $1,217,000 after buying an additional 447 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms have recently commented on SITE. Robert W. Baird increased their price objective on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Barclays raised their target price on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an "underweight" rating in a research note on Thursday, October 31st. StockNews.com upgraded shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Thursday, November 7th. Jefferies Financial Group upgraded shares of SiteOne Landscape Supply from a "hold" rating to a "buy" rating and raised their target price for the company from $145.00 to $175.00 in a research note on Friday. Finally, The Goldman Sachs Group started coverage on shares of SiteOne Landscape Supply in a research note on Thursday, October 10th. They issued a "neutral" rating and a $158.00 target price for the company. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, SiteOne Landscape Supply presently has a consensus rating of "Hold" and an average price target of $152.80.

Insider Activity at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $142.20, for a total value of $924,300.00. Following the sale, the executive vice president now directly owns 12,942 shares in the company, valued at $1,840,352.40. This represents a 33.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

SiteOne Landscape Supply Stock Up 4.3 %

Shares of NYSE:SITE traded up $6.19 during midday trading on Friday, hitting $151.05. 391,044 shares of the company's stock were exchanged, compared to its average volume of 280,863. SiteOne Landscape Supply, Inc. has a 12 month low of $114.60 and a 12 month high of $188.01. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. The stock has a 50 day moving average price of $146.34 and a 200-day moving average price of $140.08. The company has a market cap of $6.82 billion, a PE ratio of 48.88 and a beta of 1.54.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.18 by ($0.21). SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the company posted $1.25 earnings per share. The company's revenue for the quarter was up 5.6% on a year-over-year basis. On average, sell-side analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.41 EPS for the current fiscal year.

SiteOne Landscape Supply 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.