Castlekeep Investment Advisors LLC Purchases Shares of 4,612 SiteOne Landscape Supply, Inc. (NYSE:SITE)

Castlekeep Investment Advisors LLC bought a new position in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,612 shares of the industrial products company's stock, valued at approximately $608,000.

A number of other institutional investors also recently modified their holdings of SITE. Barclays PLC raised its stake in shares of SiteOne Landscape Supply by 71.2% in the third quarter. Barclays PLC now owns 48,398 shares of the industrial products company's stock worth $7,304,000 after acquiring an additional 20,134 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of SiteOne Landscape Supply during the fourth quarter worth approximately $427,000. KBC Group NV raised its stake in shares of SiteOne Landscape Supply by 43.1% during the fourth quarter. KBC Group NV now owns 1,947 shares of the industrial products company's stock worth $257,000 after buying an additional 586 shares during the last quarter. Conestoga Capital Advisors LLC raised its stake in shares of SiteOne Landscape Supply by 2.7% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,167,454 shares of the industrial products company's stock worth $153,835,000 after buying an additional 30,725 shares during the last quarter. Finally, WCM Investment Management LLC raised its stake in shares of SiteOne Landscape Supply by 593.6% during the fourth quarter. WCM Investment Management LLC now owns 131,317 shares of the industrial products company's stock worth $17,242,000 after buying an additional 112,385 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SITE shares. Stifel Nicolaus dropped their price target on shares of SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating for the company in a research note on Monday, April 28th. Barclays lowered their target price on shares of SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Loop Capital lowered their target price on shares of SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating for the company in a research note on Friday, April 4th. Truist Financial lowered their target price 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. Finally, UBS Group lowered their target price on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, SiteOne Landscape Supply presently has a consensus rating of "Hold" and an average target price of $145.70.

SiteOne Landscape Supply Stock Down 0.4%

Shares of SITE stock traded down $0.50 during trading hours on Friday, hitting $116.96. 125,197 shares of the company were exchanged, compared to its average volume of 430,163. The business has a 50 day moving average of $117.59 and a two-hundred day moving average of $130.64. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. SiteOne Landscape Supply, Inc. has a 52 week low of $101.25 and a 52 week high of $160.75. The company has a market capitalization of $5.24 billion, a PE ratio of 43.42 and a beta of 1.62.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.50) by ($0.11). SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. The company had revenue of $939.40 million for the quarter, compared to the consensus estimate of $933.90 million. During the same period in the prior year, the company earned ($0.43) EPS. The firm's revenue was up 3.8% on a year-over-year basis. Analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

SiteOne Landscape Supply 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.