Conestoga Capital Advisors LLC Acquires 6,620 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Conestoga Capital Advisors LLC raised its position in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,104,494 shares of the industrial products company's stock after buying an additional 6,620 shares during the period. SiteOne Landscape Supply makes up about 2.7% of Conestoga Capital Advisors LLC's holdings, making the stock its 12th biggest holding. Conestoga Capital Advisors LLC owned approximately 2.45% of SiteOne Landscape Supply worth $179,480,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SITE. Northern Trust Corp boosted its holdings in shares of SiteOne Landscape Supply by 1.5% in the third quarter. Northern Trust Corp now owns 221,336 shares of the industrial products company's stock valued at $36,177,000 after acquiring an additional 3,301 shares in the last quarter. Hsbc Holdings PLC bought a new stake in SiteOne Landscape Supply during the third quarter worth approximately $1,826,000. Trexquant Investment LP bought a new stake in SiteOne Landscape Supply during the third quarter worth approximately $4,060,000. Sherbrooke Park Advisers LLC purchased a new stake in shares of SiteOne Landscape Supply in the 3rd quarter valued at approximately $733,000. Finally, Eagle Asset Management Inc. purchased a new stake in shares of SiteOne Landscape Supply in the 3rd quarter valued at approximately $1,580,000.

Analyst Ratings Changes

Several brokerages recently commented on SITE. Barclays upped their price target on shares of SiteOne Landscape Supply from $121.00 to $145.00 and gave the company an "underweight" rating in a research report on Thursday, February 15th. Robert W. Baird lifted their price target on SiteOne Landscape Supply from $175.00 to $190.00 and gave the company an "outperform" rating in a report on Thursday, February 15th. Truist Financial lifted their price target on SiteOne Landscape Supply from $170.00 to $204.00 and gave the company a "buy" rating in a report on Thursday, February 15th. Loop Capital lowered SiteOne Landscape Supply from a "buy" rating to a "hold" rating in a report on Monday, January 8th. Finally, Royal Bank of Canada boosted their target price on SiteOne Landscape Supply from $150.00 to $157.00 and gave the stock a "sector perform" rating in a report on Thursday, February 15th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $172.88.

SiteOne Landscape Supply Price Performance

SITE stock traded down $8.51 during trading on Wednesday, hitting $171.84. The company had a trading volume of 380,707 shares, compared to its average volume of 308,197. The company has a fifty day moving average price of $169.84 and a two-hundred day moving average price of $156.59. The company has a current ratio of 2.43, a quick ratio of 1.10 and a debt-to-equity ratio of 0.29. The company has a market cap of $7.76 billion, a P/E ratio of 45.46 and a beta of 1.54. SiteOne Landscape Supply, Inc. has a fifty-two week low of $116.81 and a fifty-two week high of $188.01.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The industrial products company reported ($0.08) EPS for the quarter, topping analysts' consensus estimates of ($0.15) by $0.07. The company had revenue of $965.00 million for the quarter, compared to analyst estimates of $942.21 million. SiteOne Landscape Supply had a return on equity of 12.13% and a net margin of 4.03%. The business's revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.02) earnings per share. Equities research analysts expect that SiteOne Landscape Supply, Inc. will post 4.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO John T. Guthrie sold 3,000 shares of the company's stock in a transaction on Friday, March 8th. The stock was sold at an average price of $180.00, for a total transaction of $540,000.00. Following the transaction, the chief financial officer now owns 15,467 shares of the company's stock, valued at $2,784,060. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO John T. Guthrie sold 3,000 shares of the company's stock in a transaction on Friday, March 8th. The stock was sold at an average price of $180.00, for a total transaction of $540,000.00. Following the transaction, the chief financial officer now owns 15,467 shares of the company's stock, valued at $2,784,060. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Doug Black sold 10,000 shares of the company's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $176.35, for a total value of $1,763,500.00. Following the completion of the sale, the chief executive officer now owns 574,657 shares of the company's stock, valued at approximately $101,340,761.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,000 shares of company stock valued at $3,836,400. 2.60% of the stock is currently owned by corporate 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.