Fenimore Asset Management Inc Sells 269 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Fenimore Asset Management Inc decreased its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 0.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 135,928 shares of the industrial products company’s stock after selling 269 shares during the period. Fenimore Asset Management Inc owned 0.30% of SiteOne Landscape Supply worth $17,911,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Tidal Investments LLC grew its holdings in SiteOne Landscape Supply by 1.5% during the third quarter. Tidal Investments LLC now owns 5,166 shares of the industrial products company’s stock valued at $780,000 after purchasing an additional 77 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in SiteOne Landscape Supply by 90.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock valued at $32,000 after buying an additional 100 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in SiteOne Landscape Supply by 6.1% in the 3rd quarter. Arkadios Wealth Advisors now owns 1,842 shares of the industrial products company’s stock worth $278,000 after acquiring an additional 106 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in SiteOne Landscape Supply by 5.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,131 shares of the industrial products company’s stock worth $322,000 after acquiring an additional 113 shares during the last quarter. Finally, Glenmede Trust Co. NA boosted its holdings in SiteOne Landscape Supply by 2.3% during the third quarter. Glenmede Trust Co. NA now owns 5,279 shares of the industrial products company’s stock valued at $797,000 after acquiring an additional 119 shares during the period.

Insider Transactions at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $142.20, for a total value of $924,300.00. Following the transaction, the executive vice president now directly owns 12,942 shares in the company, valued at $1,840,352.40. The trade was a 33.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is currently owned by insiders.

SiteOne Landscape Supply Trading Up 0.5 %

Shares of SiteOne Landscape Supply stock opened at $147.47 on Friday. The company’s fifty day moving average price is $140.71 and its two-hundred day moving average price is $141.03. The firm has a market capitalization of $6.65 billion, a PE ratio of 47.72 and a beta of 1.56. SiteOne Landscape Supply, Inc. has a 52-week low of $114.60 and a 52-week high of $188.01. 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 (NYSE:SITE) last posted its earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.21). The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The business’s revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.25 EPS. On average, analysts expect that SiteOne Landscape Supply, Inc. will post 2.94 EPS for the current year.

Analyst Upgrades and Downgrades

SITE has been the subject of several research analyst reports. StockNews.com cut SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Monday, January 20th. Barclays upped their price target on SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a report on Thursday, October 31st. Robert W. Baird raised their price objective on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Jefferies Financial Group upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and upped their target price for the company from $145.00 to $175.00 in a research note on Friday, December 6th. Finally, The Goldman Sachs Group initiated coverage on shares of SiteOne Landscape Supply in a research report on Thursday, October 10th. They issued a “neutral” rating and a $158.00 price target on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $156.44.

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.