Birch Hill Investment Advisors LLC Purchases 3,070 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Birch Hill Investment Advisors LLC lifted its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 124.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,539 shares of the industrial products company's stock after purchasing an additional 3,070 shares during the quarter. Birch Hill Investment Advisors LLC's holdings in SiteOne Landscape Supply were worth $673,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Arizona State Retirement System lifted its holdings in shares of SiteOne Landscape Supply by 0.6% in the fourth quarter. Arizona State Retirement System now owns 13,096 shares of the industrial products company's stock valued at $1,726,000 after purchasing an additional 77 shares in the last quarter. HighPoint Advisor Group LLC boosted its holdings in SiteOne Landscape Supply by 4.0% during the 4th quarter. HighPoint Advisor Group LLC now owns 2,037 shares of the industrial products company's stock worth $271,000 after acquiring an additional 78 shares during the last quarter. State of Wyoming grew its stake in shares of SiteOne Landscape Supply by 6.2% in the 4th quarter. State of Wyoming now owns 1,389 shares of the industrial products company's stock worth $183,000 after acquiring an additional 81 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of SiteOne Landscape Supply by 24.3% in the first quarter. GAMMA Investing LLC now owns 486 shares of the industrial products company's stock valued at $59,000 after purchasing an additional 95 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in shares of SiteOne Landscape Supply by 0.7% during the fourth quarter. Treasurer of the State of North Carolina now owns 19,611 shares of the industrial products company's stock valued at $2,584,000 after purchasing an additional 130 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts have commented on SITE shares. Deutsche Bank Aktiengesellschaft began coverage on shares of SiteOne Landscape Supply in a research note on Tuesday, April 1st. They issued a "hold" rating and a $135.00 price objective for the company. Loop Capital reduced their price objective on SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating for the company in a research note on Friday, April 4th. Stifel Nicolaus decreased their target price on SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating for the company in a research report on Monday, April 28th. Truist Financial reduced their price target on shares of SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, Royal Bank of Canada dropped their target price on shares of SiteOne Landscape Supply from $136.00 to $130.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, SiteOne Landscape Supply currently has a consensus rating of "Hold" and an average price target of $145.70.

SiteOne Landscape Supply Trading Up 0.6%

NYSE:SITE opened at $119.47 on Tuesday. The stock's fifty day moving average price is $118.19 and its two-hundred day moving average price is $128.03. The company has a market cap of $5.35 billion, a P/E ratio of 44.41 and a beta of 1.56. 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, Inc. has a 1 year low of $101.25 and a 1 year high of $160.75.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.50) by ($0.11). The firm had revenue of $939.40 million during the quarter, compared to analysts' expectations of $933.90 million. SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. The company's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.43) earnings per share. As a group, analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current 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.

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