Brown Brothers Harriman & Co. Purchases 273 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Brown Brothers Harriman & Co. lifted its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 395.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 342 shares of the industrial products company’s stock after purchasing an additional 273 shares during the period. Brown Brothers Harriman & Co.’s holdings in SiteOne Landscape Supply were worth $45,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its stake in SiteOne Landscape Supply by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 4,162,578 shares of the industrial products company’s stock worth $548,503,000 after buying an additional 49,256 shares in the last quarter. Conestoga Capital Advisors LLC increased its stake in SiteOne Landscape Supply by 2.7% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,167,454 shares of the industrial products company’s stock worth $153,835,000 after acquiring an additional 30,725 shares during the last quarter. Geode Capital Management LLC raised its stake in SiteOne Landscape Supply by 0.5% during the third quarter. Geode Capital Management LLC now owns 717,975 shares of the industrial products company’s stock valued at $108,381,000 after purchasing an additional 3,434 shares in the last quarter. Geneva Capital Management LLC grew its stake in shares of SiteOne Landscape Supply by 13.9% in the 4th quarter. Geneva Capital Management LLC now owns 712,894 shares of the industrial products company’s stock worth $93,938,000 after buying an additional 86,793 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in SiteOne Landscape Supply by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 552,907 shares of the industrial products company’s stock worth $72,857,000 after acquiring an additional 14,909 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of SiteOne Landscape Supply in a research note on Tuesday. They issued a “hold” rating and a $135.00 target price on the stock. Royal Bank of Canada boosted their target price on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and lifted their price target for the stock from $145.00 to $175.00 in a report on Friday, December 6th. UBS Group dropped their target price on SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Finally, StockNews.com raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Sunday, March 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $152.60.

SiteOne Landscape Supply Trading Up 1.9 %

SITE opened at $122.43 on Thursday. The firm has a market cap of $5.51 billion, a P/E ratio of 45.51 and a beta of 1.62. SiteOne Landscape Supply, Inc. has a 52 week low of $114.60 and a 52 week high of $181.81. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. The business has a fifty day simple moving average of $131.80 and a 200-day simple moving average of $139.24.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.22). SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. On average, equities analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share 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.