Pilgrim Partners Asia Pte Ltd Acquires New Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Pilgrim Partners Asia Pte Ltd bought a new position in SiteOne Landscape Supply, Inc. (NYSE:SITE) during the 4th quarter, Holdings Channel.com reports. The fund bought 300 shares of the industrial products company’s stock, valued at approximately $40,000.

Other large investors have also made changes to their positions in the company. Raymond James Financial Inc. bought a new position in SiteOne Landscape Supply in the 4th quarter worth $40,676,000. Artisan Partners Limited Partnership increased its stake in shares of SiteOne Landscape Supply by 137.2% in the fourth quarter. Artisan Partners Limited Partnership now owns 368,142 shares of the industrial products company’s stock worth $48,510,000 after purchasing an additional 212,907 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in SiteOne Landscape Supply by 320.6% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 226,300 shares of the industrial products company’s stock worth $29,713,000 after buying an additional 172,500 shares during the period. WCM Investment Management LLC raised its holdings in SiteOne Landscape Supply by 593.6% during the fourth quarter. WCM Investment Management LLC now owns 131,317 shares of the industrial products company’s stock valued at $17,242,000 after acquiring an additional 112,385 shares during the period. Finally, Geneva Capital Management LLC lifted its position in shares of SiteOne Landscape Supply by 13.9% in the fourth quarter. Geneva Capital Management LLC now owns 712,894 shares of the industrial products company’s stock valued at $93,938,000 after acquiring an additional 86,793 shares in the last quarter.

SiteOne Landscape Supply Trading Down 2.8 %

Shares of SITE opened at $111.25 on Friday. SiteOne Landscape Supply, Inc. has a twelve month low of $106.24 and a twelve month high of $181.81. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. The company’s fifty day simple moving average is $130.44 and its 200-day simple moving average is $138.86. The company has a market cap of $5.00 billion, a P/E ratio of 41.36 and a beta of 1.62.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) EPS 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 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of SiteOne Landscape Supply in a research report on Tuesday. They set a “hold” rating and a $135.00 price objective on the stock. Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and raised their price target for the company from $145.00 to $175.00 in a report on Friday, December 6th. Stifel Nicolaus reaffirmed a “hold” rating and set a $140.00 price objective (down from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. StockNews.com upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Sunday, March 16th. Finally, Loop Capital reduced their price target on shares of SiteOne Landscape Supply from $150.00 to $125.00 and set a “hold” rating on the stock in a research report on Friday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, SiteOne Landscape Supply presently has a consensus rating of “Hold” and a consensus price target of $151.10.

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.