SiteOne Landscape Supply, Inc. $SITE Stock Holdings Lifted by Fenimore Asset Management Inc

Fenimore Asset Management Inc lifted its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 153,243 shares of the industrial products company’s stock after buying an additional 4,217 shares during the quarter. Fenimore Asset Management Inc’s holdings in SiteOne Landscape Supply were worth $18,533,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of SITE. GAMMA Investing LLC raised its holdings in shares of SiteOne Landscape Supply by 14,994.6% during the 1st quarter. GAMMA Investing LLC now owns 59,020 shares of the industrial products company’s stock valued at $7,167,000 after purchasing an additional 58,629 shares in the last quarter. Rhumbline Advisers raised its holdings in SiteOne Landscape Supply by 5.6% during the first quarter. Rhumbline Advisers now owns 50,037 shares of the industrial products company’s stock valued at $6,076,000 after buying an additional 2,635 shares in the last quarter. Fifth Third Bancorp raised its holdings in SiteOne Landscape Supply by 4.9% during the first quarter. Fifth Third Bancorp now owns 3,595 shares of the industrial products company’s stock valued at $437,000 after buying an additional 167 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its position in shares of SiteOne Landscape Supply by 6.4% in the first quarter. Azzad Asset Management Inc. ADV now owns 2,751 shares of the industrial products company’s stock worth $334,000 after buying an additional 166 shares during the last quarter. Finally, Conestoga Capital Advisors LLC boosted its stake in shares of SiteOne Landscape Supply by 1.4% during the 1st quarter. Conestoga Capital Advisors LLC now owns 1,183,574 shares of the industrial products company’s stock worth $143,733,000 after acquiring an additional 16,120 shares in the last quarter.

Analyst Upgrades and Downgrades

SITE has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research note on Saturday, September 27th. Wall Street Zen raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Royal Bank Of Canada boosted their price objective on shares of SiteOne Landscape Supply from $130.00 to $143.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 31st. Zacks Research lowered shares of SiteOne Landscape Supply from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Finally, Loop Capital upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and lifted their target price for the stock from $150.00 to $160.00 in a report on Friday, September 19th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $150.50.

SiteOne Landscape Supply Trading Down 0.9%

Shares of SiteOne Landscape Supply stock opened at $127.45 on Monday. SiteOne Landscape Supply, Inc. has a 1 year low of $101.25 and a 1 year high of $160.74. The company’s fifty day simple moving average is $138.21 and its 200-day simple moving average is $126.60. The company has a market cap of $5.69 billion, a price-to-earnings ratio of 46.51, a PEG ratio of 2.13 and a beta of 1.59. The company has a current ratio of 2.41, a quick ratio of 1.06 and a debt-to-equity ratio of 0.35.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, July 30th. The industrial products company reported $2.86 EPS for the quarter, missing the consensus estimate of $2.89 by ($0.03). SiteOne Landscape Supply had a net margin of 2.69% and a return on equity of 7.80%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the company earned $2.63 earnings per share. SiteOne Landscape Supply’s revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, sell-side analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

Insider Transactions at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, CEO Doug Black sold 29,760 shares of the company’s stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $129.28, for a total value of $3,847,372.80. Following the completion of the transaction, the chief executive officer owned 596,684 shares of the company’s stock, valued at $77,139,307.52. This represents a 4.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.60% of the stock is owned by corporate insiders.

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.