Birch Hill Investment Advisors LLC Increases Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Birch Hill Investment Advisors LLC grew its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 124.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,539 shares of the industrial products company's stock after purchasing an additional 3,070 shares during the period. Birch Hill Investment Advisors LLC's holdings in SiteOne Landscape Supply were worth $673,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tortoise Investment Management LLC lifted its position in SiteOne Landscape Supply by 78.9% during the fourth quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 131 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of SiteOne Landscape Supply during the 4th quarter valued at $40,000. Brown Brothers Harriman & Co. lifted its holdings in shares of SiteOne Landscape Supply by 395.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 342 shares of the industrial products company's stock worth $45,000 after acquiring an additional 273 shares during the last quarter. GAMMA Investing LLC grew its position in SiteOne Landscape Supply by 24.3% in the first quarter. GAMMA Investing LLC now owns 486 shares of the industrial products company's stock worth $59,000 after acquiring an additional 95 shares in the last quarter. Finally, State of Wyoming grew its position in SiteOne Landscape Supply by 6.2% in the fourth 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.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SITE. Deutsche Bank Aktiengesellschaft started coverage on SiteOne Landscape Supply in a research report on Tuesday, April 1st. They set a "hold" rating and a $135.00 price target on the stock. Loop Capital decreased their price objective on SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating on the stock in a report on Friday, April 4th. Royal Bank Of Canada dropped their target price on SiteOne Landscape Supply from $136.00 to $130.00 and set a "sector perform" rating for the company in a research report on Thursday, May 1st. Truist Financial cut their target price on SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, Barclays decreased their price target on shares of SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $145.70.

SiteOne Landscape Supply Trading Down 0.1%

SITE stock traded down $0.13 during midday trading on Friday, hitting $116.83. The company had a trading volume of 568,503 shares, compared to its average volume of 429,835. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 46.55, a PEG ratio of 1.92 and a beta of 1.56. SiteOne Landscape Supply, Inc. has a 52 week low of $101.25 and a 52 week high of $160.75. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.39. The stock's 50 day moving average price is $118.41 and its 200 day moving average price is $127.63.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its earnings results on Wednesday, April 30th. The industrial products company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.50) by ($0.11). SiteOne Landscape Supply had a return on equity of 7.31% and a net margin of 2.53%. The firm had revenue of $939.40 million during the quarter, compared to analysts' expectations of $933.90 million. During the same period in the previous year, the firm earned ($0.43) earnings per share. The firm's quarterly revenue was up 3.8% compared to the same quarter last year. As a group, equities research analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal 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.