SiteOne Landscape Supply, Inc. (NYSE:SITE) Stock Position Raised by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC raised its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 1.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,183,574 shares of the industrial products company's stock after buying an additional 16,120 shares during the quarter. SiteOne Landscape Supply makes up about 2.2% of Conestoga Capital Advisors LLC's investment portfolio, making the stock its 18th largest holding. Conestoga Capital Advisors LLC owned about 2.63% of SiteOne Landscape Supply worth $143,733,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp boosted its position in shares of 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 worth $437,000 after buying an additional 167 shares during the period. US Bancorp DE raised its stake in SiteOne Landscape Supply by 10.5% during the 4th quarter. US Bancorp DE now owns 6,717 shares of the industrial products company's stock valued at $885,000 after acquiring an additional 638 shares in the last quarter. Jones Financial Companies Lllp boosted its position in SiteOne Landscape Supply by 11.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,498 shares of the industrial products company's stock worth $197,000 after acquiring an additional 156 shares during the period. Centiva Capital LP bought a new position in shares of SiteOne Landscape Supply in the fourth quarter worth $807,000. Finally, Artisan Partners Limited Partnership grew its stake in shares of SiteOne Landscape Supply by 137.2% in the fourth quarter. Artisan Partners Limited Partnership now owns 368,142 shares of the industrial products company's stock worth $48,510,000 after purchasing an additional 212,907 shares in the last quarter.

SiteOne Landscape Supply Trading Down 0.1%

Shares of NYSE SITE traded down $0.13 during mid-day trading on Friday, hitting $116.83. 568,503 shares of the company traded hands, compared to its average volume of 429,835. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.39. SiteOne Landscape Supply, Inc. has a 1 year low of $101.25 and a 1 year high of $160.75. The stock has a market capitalization of $5.24 billion, a price-to-earnings ratio of 46.55, a PEG ratio of 1.92 and a beta of 1.56. The business has a 50 day moving average of $118.41 and a two-hundred day moving average of $127.63.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The industrial products company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.50) by ($0.11). The firm had revenue of $939.40 million for the quarter, compared to analyst estimates of $933.90 million. SiteOne Landscape Supply had a net margin of 2.53% and a return on equity of 7.31%. The firm's revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.43) EPS. On average, sell-side analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SITE shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of SiteOne Landscape Supply in a research note on Tuesday, April 1st. They set a "hold" rating and a $135.00 price objective on the stock. Wall Street Zen raised shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Thursday, May 1st. Truist Financial lowered their price objective on shares of SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Royal Bank Of Canada cut their target price on SiteOne Landscape Supply from $136.00 to $130.00 and set a "sector perform" rating for the company in a research report on Thursday, May 1st. Finally, Barclays decreased their price target on 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $145.70.

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.