SiteOne Landscape Supply, Inc. $SITE Shares Sold by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC trimmed its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 2.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,160,196 shares of the industrial products company's stock after selling 23,378 shares during the quarter. SiteOne Landscape Supply comprises 2.1% of Conestoga Capital Advisors LLC's portfolio, making the stock its 18th largest position. Conestoga Capital Advisors LLC owned approximately 2.59% of SiteOne Landscape Supply worth $140,314,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its position in shares of SiteOne Landscape Supply by 12.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,079,615 shares of the industrial products company's stock worth $738,309,000 after purchasing an additional 660,081 shares during the period. T. Rowe Price Investment Management Inc. increased its position in SiteOne Landscape Supply by 31.0% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,092,742 shares of the industrial products company's stock valued at $254,143,000 after acquiring an additional 494,737 shares during the period. Ameriprise Financial Inc. increased its position in SiteOne Landscape Supply by 21.3% in the 1st quarter. Ameriprise Financial Inc. now owns 773,358 shares of the industrial products company's stock valued at $93,913,000 after acquiring an additional 135,949 shares during the period. Allianz Asset Management GmbH increased its position in SiteOne Landscape Supply by 3.1% in the 2nd quarter. Allianz Asset Management GmbH now owns 666,259 shares of the industrial products company's stock valued at $80,577,000 after acquiring an additional 20,055 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in SiteOne Landscape Supply by 0.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 555,858 shares of the industrial products company's stock valued at $67,503,000 after acquiring an additional 2,951 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SITE. The Goldman Sachs Group lowered their target price on SiteOne Landscape Supply from $158.00 to $138.00 and set a "neutral" rating on the stock in a research report on Monday, October 13th. Zacks Research cut SiteOne Landscape Supply from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 29th. Wall Street Zen raised SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Royal Bank Of Canada increased their price target on SiteOne Landscape Supply from $130.00 to $143.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Finally, William Blair reaffirmed a "market perform" rating on shares of SiteOne Landscape Supply in a research note on Wednesday. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $148.50.

Insider Activity

In other news, CEO Doug Black sold 7,384 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $132.09, for a total value of $975,352.56. Following the completion of the sale, the chief executive officer owned 600,446 shares in the company, valued at $79,312,912.14. This represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.60% of the stock is owned by insiders.

SiteOne Landscape Supply Stock Performance

SITE opened at $119.81 on Monday. The firm has a market cap of $5.34 billion, a PE ratio of 43.73, a P/E/G ratio of 2.22 and a beta of 1.59. The company has a quick ratio of 1.06, a current ratio of 2.41 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $135.36 and a 200-day simple moving average of $126.47. SiteOne Landscape Supply, Inc. has a fifty-two week low of $101.25 and a fifty-two week high of $160.74.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.86 earnings per share for the quarter, missing the consensus estimate of $2.89 by ($0.03). The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.49 billion. SiteOne Landscape Supply had a return on equity of 7.80% and a net margin of 2.69%.The business's revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.63 earnings per share. As a group, equities analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current fiscal 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.

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