Fenimore Asset Management Inc Purchases 13,098 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Fenimore Asset Management Inc raised its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 9.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 149,026 shares of the industrial products company's stock after purchasing an additional 13,098 shares during the quarter. Fenimore Asset Management Inc owned 0.33% of SiteOne Landscape Supply worth $18,098,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of SiteOne Landscape Supply by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 4,162,578 shares of the industrial products company's stock worth $548,503,000 after acquiring an additional 49,256 shares during the period. Wasatch Advisors LP grew its stake in shares of SiteOne Landscape Supply by 9.7% in the fourth quarter. Wasatch Advisors LP now owns 1,731,098 shares of the industrial products company's stock worth $228,107,000 after acquiring an additional 153,447 shares during the period. Bamco Inc. NY grew its stake in shares of 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 period. T. Rowe Price Investment Management Inc. grew its stake in shares of SiteOne Landscape Supply by 6.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,598,005 shares of the industrial products company's stock worth $210,570,000 after acquiring an additional 91,719 shares during the period. Finally, Geneva Capital Management LLC grew its stake in shares of SiteOne Landscape Supply by 13.9% in the fourth quarter. Geneva Capital Management LLC now owns 712,894 shares of the industrial products company's stock worth $93,938,000 after acquiring an additional 86,793 shares during the period.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Barclays reduced their price target 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. Robert W. Baird dropped their price objective on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Stifel Nicolaus dropped their price objective on shares of SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating on the stock in a report on Monday, April 28th. UBS Group dropped their price objective on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Finally, Wall Street Zen raised shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $145.70.

SiteOne Landscape Supply Trading Down 1.2%

SiteOne Landscape Supply stock opened at $122.15 on Monday. The stock has a market cap of $5.47 billion, a P/E ratio of 45.41 and a beta of 1.56. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. SiteOne Landscape Supply, Inc. has a 1 year low of $101.25 and a 1 year high of $160.75. The firm's 50 day moving average price is $116.83 and its 200-day moving average price is $129.29.

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) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.50) by ($0.11). The company had revenue of $939.40 million for the quarter, compared to the consensus estimate of $933.90 million. SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. The company's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.43) EPS. On average, equities analysts predict 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.

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