SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Acquired by Premier Fund Managers Ltd

Premier Fund Managers Ltd lifted its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 14.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 405,738 shares of the industrial products company's stock after acquiring an additional 50,000 shares during the period. SiteOne Landscape Supply accounts for approximately 2.2% of Premier Fund Managers Ltd's holdings, making the stock its 17th biggest holding. Premier Fund Managers Ltd owned 0.90% of SiteOne Landscape Supply worth $61,415,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SITE. US Bancorp DE boosted its stake in SiteOne Landscape Supply by 6.2% during the first quarter. US Bancorp DE now owns 4,144 shares of the industrial products company's stock worth $723,000 after buying an additional 241 shares during the period. Orion Portfolio Solutions LLC purchased a new position in shares of SiteOne Landscape Supply during the 1st quarter worth about $1,311,000. Vanguard Group Inc. grew its holdings in SiteOne Landscape Supply by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 4,158,085 shares of the industrial products company's stock valued at $725,794,000 after purchasing an additional 23,362 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in SiteOne Landscape Supply by 20.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,601 shares of the industrial products company's stock worth $279,000 after purchasing an additional 270 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of SiteOne Landscape Supply during the first quarter valued at approximately $126,000.

SiteOne Landscape Supply Stock Up 0.0 %

NYSE SITE traded up $0.05 during midday trading on Wednesday, hitting $138.52. 74,838 shares of the company traded hands, compared to its average volume of 361,824. SiteOne Landscape Supply, Inc. has a 52 week low of $114.60 and a 52 week high of $188.01. The company's 50-day simple moving average is $145.35 and its 200-day simple moving average is $140.66. The company has a market cap of $6.25 billion, a PE ratio of 44.83 and a beta of 1.53. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16.

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 for the quarter, missing analysts' consensus estimates of $1.18 by ($0.21). SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the business earned $1.25 EPS. SiteOne Landscape Supply's revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, equities research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Robert W. Baird raised their price target on SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. The Goldman Sachs Group began coverage on shares of SiteOne Landscape Supply in a report on Thursday, October 10th. They issued a "neutral" rating and a $158.00 price target on the stock. Stifel Nicolaus lowered shares of SiteOne Landscape Supply from a "buy" rating to a "hold" rating and set a $150.00 price objective for the company. in a report on Thursday, August 1st. Truist Financial raised their target price on shares of SiteOne Landscape Supply from $158.00 to $165.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Finally, StockNews.com upgraded SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $147.80.

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.