Conestoga Capital Advisors LLC Has $171.54 Million Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Conestoga Capital Advisors LLC lessened its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 0.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,136,729 shares of the industrial products company's stock after selling 4,895 shares during the period. SiteOne Landscape Supply makes up 2.3% of Conestoga Capital Advisors LLC's portfolio, making the stock its 17th biggest position. Conestoga Capital Advisors LLC owned approximately 2.51% of SiteOne Landscape Supply worth $171,544,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SITE. Whittier Trust Co. of Nevada Inc. bought a new position in SiteOne Landscape Supply during the 2nd quarter worth about $27,000. Toronto Dominion Bank bought a new position in shares of SiteOne Landscape Supply during the first quarter worth about $29,000. Blue Trust Inc. grew its holdings in shares of SiteOne Landscape Supply by 287.7% during the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company's stock worth $38,000 after buying an additional 187 shares in the last quarter. American National Bank & Trust acquired a new stake in SiteOne Landscape Supply in the 3rd quarter valued at approximately $49,000. Finally, Quarry LP bought a new stake in SiteOne Landscape Supply in the 2nd quarter valued at approximately $61,000.

Wall Street Analyst Weigh In

Several brokerages have commented on SITE. UBS Group cut their price target on shares of SiteOne Landscape Supply from $190.00 to $185.00 and set a "buy" rating on the stock in a research report on Tuesday, July 9th. Barclays increased their price target on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an "underweight" rating in a research report on Thursday. StockNews.com lowered SiteOne Landscape Supply from a "hold" rating to a "sell" rating in a research report on Saturday, August 10th. Robert W. Baird increased their price objective on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Finally, Stifel Nicolaus cut shares of SiteOne Landscape Supply from a "buy" rating to a "hold" rating and set a $150.00 target price for the company. in a research note on Thursday, August 1st. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $147.80.

SiteOne Landscape Supply Price Performance

Shares of NYSE:SITE traded up $2.22 during trading on Friday, reaching $141.96. 525,949 shares of the company traded hands, compared to its average volume of 365,578. The firm has a market capitalization of $6.41 billion, a PE ratio of 46.03 and a beta of 1.53. SiteOne Landscape Supply, Inc. has a 52 week low of $114.60 and a 52 week high of $188.01. The company has a quick ratio of 1.10, a current ratio of 2.47 and a debt-to-equity ratio of 0.36. The company's 50 day moving average is $143.44 and its two-hundred day moving average is $142.06.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.21). SiteOne Landscape Supply had a return on equity of 9.38% and a net margin of 3.16%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the business posted $1.25 EPS. The business's revenue was up 5.6% on a year-over-year basis. As a group, sell-side analysts predict that SiteOne Landscape Supply, Inc. will post 3.21 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Fred M. Diaz sold 878 shares of the firm's stock in a transaction on Monday, August 5th. The stock was sold at an average price of $129.04, for a total transaction of $113,297.12. Following the sale, the director now owns 11,267 shares of the company's stock, valued at $1,453,893.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.70% of the stock is owned by corporate insiders.

SiteOne Landscape Supply Company 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.