DF Dent & Co. Inc. Has $88.49 Million Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

DF Dent & Co. Inc. cut its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 10.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 671,549 shares of the industrial products company’s stock after selling 76,354 shares during the quarter. DF Dent & Co. Inc. owned approximately 1.49% of SiteOne Landscape Supply worth $88,490,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SITE. FMR LLC increased its position in SiteOne Landscape Supply by 52.9% in the 3rd quarter. FMR LLC now owns 5,336 shares of the industrial products company’s stock valued at $805,000 after acquiring an additional 1,846 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of SiteOne Landscape Supply by 149.6% during the third quarter. BNP Paribas Financial Markets now owns 9,805 shares of the industrial products company’s stock valued at $1,480,000 after purchasing an additional 5,877 shares during the last quarter. Glenmede Trust Co. NA increased its holdings in shares of SiteOne Landscape Supply by 2.3% in the third quarter. Glenmede Trust Co. NA now owns 5,279 shares of the industrial products company’s stock valued at $797,000 after purchasing an additional 119 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in SiteOne Landscape Supply by 14.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,207 shares of the industrial products company’s stock worth $1,691,000 after buying an additional 1,372 shares in the last quarter. Finally, Rockefeller Capital Management L.P. bought a new position in SiteOne Landscape Supply in the 3rd quarter valued at $4,771,000.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Jefferies Financial Group upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and upped their target price for the company from $145.00 to $175.00 in a research report on Friday, December 6th. StockNews.com raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Sunday, March 16th. UBS Group cut their price target 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. Deutsche Bank Aktiengesellschaft began coverage on SiteOne Landscape Supply in a report on Tuesday. They issued a “hold” rating and a $135.00 price objective for the company. Finally, Stifel Nicolaus restated a “hold” rating and set a $140.00 target price (down previously from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $152.60.

SiteOne Landscape Supply Trading Up 1.9 %

NYSE:SITE opened at $122.43 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. The business’s 50-day simple moving average is $131.80 and its 200-day simple moving average is $139.24. SiteOne Landscape Supply, Inc. has a fifty-two week low of $114.60 and a fifty-two week high of $181.81. The stock has a market capitalization of $5.51 billion, a PE ratio of 45.51 and a beta of 1.62.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share 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%. Sell-side analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

SiteOne Landscape Supply Company Profile

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.