Castlekeep Investment Advisors LLC Invests $608,000 in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Castlekeep Investment Advisors LLC purchased a new stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,612 shares of the industrial products company's stock, valued at approximately $608,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SITE. Brown Advisory Inc. increased its stake in SiteOne Landscape Supply by 12.9% during the fourth quarter. Brown Advisory Inc. now owns 512,642 shares of the industrial products company's stock worth $67,551,000 after purchasing an additional 58,736 shares during the period. Baird Financial Group Inc. grew its position in shares of SiteOne Landscape Supply by 6.3% during the fourth quarter. Baird Financial Group Inc. now owns 3,113 shares of the industrial products company's stock worth $410,000 after buying an additional 184 shares in the last quarter. Bamco Inc. NY lifted its stake in SiteOne Landscape Supply by 4.6% in the fourth quarter. Bamco Inc. NY now owns 1,652,772 shares of the industrial products company's stock worth $217,786,000 after acquiring an additional 72,430 shares during the last quarter. BLI Banque de Luxembourg Investments purchased a new stake in shares of SiteOne Landscape Supply in the 4th quarter valued at approximately $22,787,000. Finally, BNP Paribas Financial Markets boosted its position in shares of SiteOne Landscape Supply by 164.6% during the 4th quarter. BNP Paribas Financial Markets now owns 25,945 shares of the industrial products company's stock worth $3,419,000 after acquiring an additional 16,140 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Truist Financial decreased their price objective on shares of 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. StockNews.com upgraded shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Thursday, May 1st. UBS Group dropped their price target on SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft assumed coverage on SiteOne Landscape Supply in a research note on Tuesday, April 1st. They set a "hold" rating and a $135.00 price objective for the company. Finally, Barclays dropped their target price on SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. 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 stock. Based on data from MarketBeat.com, SiteOne Landscape Supply presently has a consensus rating of "Hold" and an average target price of $145.70.

SiteOne Landscape Supply Price Performance

SITE traded down $0.67 on Friday, hitting $120.69. 258,501 shares of the company were exchanged, compared to its average volume of 420,853. The business's fifty day moving average is $118.34 and its 200 day moving average is $132.79. SiteOne Landscape Supply, Inc. has a fifty-two week low of $101.25 and a fifty-two week high of $161.25. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. The firm has a market capitalization of $5.41 billion, a P/E ratio of 44.87 and a beta of 1.62.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released its quarterly earnings data 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). The business 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%. SiteOne Landscape Supply's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.43) earnings per share. As a group, sell-side analysts anticipate 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.