Fenimore Asset Management Inc. Has $18.34 Million Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Fenimore Asset Management Inc. increased its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 13.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 112,831 shares of the industrial products company's stock after purchasing an additional 13,800 shares during the quarter. Fenimore Asset Management Inc. owned approximately 0.25% of SiteOne Landscape Supply worth $18,335,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. HB Wealth Management LLC lifted its stake in SiteOne Landscape Supply by 17.5% in the fourth quarter. HB Wealth Management LLC now owns 1,884 shares of the industrial products company's stock valued at $306,000 after acquiring an additional 280 shares during the last quarter. SG Americas Securities LLC lifted its stake in SiteOne Landscape Supply by 55.4% in the fourth quarter. SG Americas Securities LLC now owns 1,698 shares of the industrial products company's stock valued at $276,000 after acquiring an additional 605 shares during the last quarter. American Century Companies Inc. lifted its stake in SiteOne Landscape Supply by 26.3% in the third quarter. American Century Companies Inc. now owns 9,418 shares of the industrial products company's stock valued at $1,539,000 after acquiring an additional 1,964 shares during the last quarter. Graham Capital Management L.P. acquired a new stake in SiteOne Landscape Supply in the third quarter valued at $221,000. Finally, Comerica Bank acquired a new stake in SiteOne Landscape Supply in the third quarter valued at $14,624,000.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SITE shares. Loop Capital lowered shares of SiteOne Landscape Supply from a "buy" rating to a "hold" rating in a research report on Monday, January 8th. Stifel Nicolaus cut shares of SiteOne Landscape Supply from a "buy" rating to a "hold" rating and raised their target price for the stock from $150.00 to $167.00 in a research note on Tuesday, December 19th. Royal Bank of Canada raised their target price on shares of SiteOne Landscape Supply from $150.00 to $157.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 15th. Deutsche Bank Aktiengesellschaft restated a "sell" rating and set a $120.00 target price (down previously from $123.00) on shares of SiteOne Landscape Supply in a research note on Friday, December 8th. Finally, Truist Financial raised their target price on shares of SiteOne Landscape Supply from $170.00 to $204.00 and gave the stock a "buy" rating in a research note on Thursday, February 15th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $172.88.

SiteOne Landscape Supply Stock Performance

SiteOne Landscape Supply stock traded down $8.35 during midday trading on Tuesday, hitting $165.45. The company's stock had a trading volume of 359,554 shares, compared to its average volume of 310,340. SiteOne Landscape Supply, Inc. has a 1-year low of $116.81 and a 1-year high of $188.01. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.43 and a quick ratio of 1.10. The company has a 50-day moving average price of $167.84 and a two-hundred day moving average price of $155.90. The company has a market cap of $7.48 billion, a price-to-earnings ratio of 45.97 and a beta of 1.54.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 14th. The industrial products company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.07. SiteOne Landscape Supply had a net margin of 4.03% and a return on equity of 12.13%. The business had revenue of $965.00 million during the quarter, compared to analysts' expectations of $942.21 million. During the same quarter in the previous year, the company earned ($0.02) EPS. The business's revenue was up 8.4% on a year-over-year basis. As a group, sell-side analysts predict that SiteOne Landscape Supply, Inc. will post 4.2 earnings per share for the current year.

Insider Buying and Selling at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, CFO John T. Guthrie sold 3,000 shares of the firm's stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $180.00, for a total value of $540,000.00. Following the transaction, the chief financial officer now directly owns 15,467 shares of the company's stock, valued at approximately $2,784,060. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Doug Black sold 10,000 shares of SiteOne Landscape Supply stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $153.29, for a total transaction of $1,532,900.00. Following the sale, the chief executive officer now directly owns 580,886 shares of the company's stock, valued at approximately $89,044,014.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John T. Guthrie sold 3,000 shares of SiteOne Landscape Supply stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $180.00, for a total transaction of $540,000.00. Following the sale, the chief financial officer now directly owns 15,467 shares in the company, valued at $2,784,060. The disclosure for this sale can be found here. Insiders have sold a total of 23,000 shares of company stock valued at $3,836,400 in the last ninety days. 2.70% of the stock is currently owned by company insiders.

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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