JARISLOWSKY FRASER Ltd Decreases Stake in SiteOne Landscape Supply, Inc. $SITE

JARISLOWSKY FRASER Ltd decreased its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 99.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,584 shares of the industrial products company’s stock after selling 419,483 shares during the quarter. JARISLOWSKY FRASER Ltd’s holdings in SiteOne Landscape Supply were worth $204,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Millennium Management LLC grew its stake in shares of SiteOne Landscape Supply by 45.9% during the 1st quarter. Millennium Management LLC now owns 75,149 shares of the industrial products company’s stock worth $9,126,000 after purchasing an additional 23,657 shares during the period. NewEdge Advisors LLC boosted its holdings in SiteOne Landscape Supply by 36.6% during the first quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock worth $48,000 after buying an additional 107 shares in the last quarter. Petrus Trust Company LTA purchased a new stake in SiteOne Landscape Supply during the first quarter worth about $404,000. Goldman Sachs Group Inc. grew its position in SiteOne Landscape Supply by 5.7% during the first quarter. Goldman Sachs Group Inc. now owns 213,331 shares of the industrial products company’s stock worth $25,907,000 after buying an additional 11,574 shares during the period. Finally, Fred Alger Management LLC increased its holdings in SiteOne Landscape Supply by 17.0% in the first quarter. Fred Alger Management LLC now owns 399,585 shares of the industrial products company’s stock valued at $48,526,000 after buying an additional 58,129 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SITE shares. William Blair reiterated a “market perform” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, October 15th. Loop Capital raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and raised their price objective for the company from $150.00 to $160.00 in a research note on Friday, September 19th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SiteOne Landscape Supply in a report on Wednesday, October 8th. The Goldman Sachs Group decreased their target price on SiteOne Landscape Supply from $158.00 to $138.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Finally, Royal Bank Of Canada raised their price target on SiteOne Landscape Supply from $143.00 to $151.00 and gave the company a “sector perform” rating in a research report on Thursday, October 30th. Five analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $150.10.

SiteOne Landscape Supply Trading Up 0.5%

Shares of SiteOne Landscape Supply stock opened at $125.14 on Friday. SiteOne Landscape Supply, Inc. has a 1 year low of $101.25 and a 1 year high of $154.00. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.49 and a quick ratio of 1.14. The business has a 50 day moving average price of $128.10 and a 200 day moving average price of $130.40. The company has a market capitalization of $5.57 billion, a P/E ratio of 40.63, a P/E/G ratio of 1.32 and a beta of 1.58.

SiteOne Landscape Supply (NYSE:SITE) last announced its earnings results on Wednesday, October 29th. The industrial products company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.09. SiteOne Landscape Supply had a return on equity of 8.62% and a net margin of 2.98%.The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. SiteOne Landscape Supply’s quarterly revenue was up 4.1% on a year-over-year basis. Sell-side analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal year.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.