Conestoga Capital Advisors LLC Grows Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Conestoga Capital Advisors LLC raised its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,167,454 shares of the industrial products company's stock after purchasing an additional 30,725 shares during the quarter. SiteOne Landscape Supply accounts for about 2.0% of Conestoga Capital Advisors LLC's holdings, making the stock its 18th biggest position. Conestoga Capital Advisors LLC owned approximately 2.59% of SiteOne Landscape Supply worth $153,835,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tidal Investments LLC boosted 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 worth $780,000 after buying an additional 77 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of SiteOne Landscape Supply by 90.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 100 shares during the period. Arkadios Wealth Advisors boosted its stake in shares of SiteOne Landscape Supply by 6.1% during 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 in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of SiteOne Landscape Supply by 5.6% in 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 period. Finally, Glenmede Trust Co. NA increased its stake in SiteOne Landscape Supply by 2.3% in the 3rd quarter. Glenmede Trust Co. NA now owns 5,279 shares of the industrial products company's stock valued at $797,000 after purchasing an additional 119 shares in the last quarter.

Analyst Ratings Changes

Several research firms have weighed in on SITE. Barclays upped their target price on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an "underweight" rating in a report on Thursday, October 31st. Robert W. Baird lifted their target price on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. StockNews.com upgraded shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Tuesday, January 28th. The Goldman Sachs Group assumed coverage on SiteOne Landscape Supply in a research report on Thursday, October 10th. They set a "neutral" rating and a $158.00 price objective for the company. Finally, Jefferies Financial Group upgraded SiteOne Landscape Supply from a "hold" rating to a "buy" rating and increased their target price for the company from $145.00 to $175.00 in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, SiteOne Landscape Supply has an average rating of "Hold" and an average price target of $156.44.

SiteOne Landscape Supply Trading Up 0.5 %

Shares of SiteOne Landscape Supply stock traded up $0.63 during trading hours on Tuesday, reaching $136.61. 238,501 shares of the company's stock were exchanged, compared to its average volume of 303,009. SiteOne Landscape Supply, Inc. has a 52-week low of $114.60 and a 52-week high of $188.01. The company has a fifty day moving average of $140.24 and a 200-day moving average of $141.68. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 44.21 and a beta of 1.57.

Insider Activity at SiteOne Landscape Supply

In other news, EVP Joseph Ketter sold 6,500 shares of the company's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $142.20, for a total transaction of $924,300.00. Following the completion of the sale, the executive vice president now directly owns 12,942 shares in the company, valued at $1,840,352.40. This represents a 33.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.60% of the company's stock.

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.