Conestoga Capital Advisors LLC Purchases 31,684 Shares of SiteOne Landscape Supply, Inc. $SITE

Conestoga Capital Advisors LLC grew its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 2.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,106,701 shares of the industrial products company’s stock after acquiring an additional 31,684 shares during the quarter. SiteOne Landscape Supply comprises about 2.9% of Conestoga Capital Advisors LLC’s portfolio, making the stock its 12th largest position. Conestoga Capital Advisors LLC’s holdings in SiteOne Landscape Supply were worth $147,313,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. True Wealth Design LLC raised its position in SiteOne Landscape Supply by 541.9% in the 4th quarter. True Wealth Design LLC now owns 199 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 168 shares during the period. Rothschild Investment LLC lifted its stake in SiteOne Landscape Supply by 1,521.4% in the fourth quarter. Rothschild Investment LLC now owns 227 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 213 shares during the last quarter. IFP Advisors Inc boosted its position in shares of SiteOne Landscape Supply by 106.8% during the fourth quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock valued at $38,000 after buying an additional 158 shares during the period. Empowered Funds LLC purchased a new position in shares of SiteOne Landscape Supply during the fourth quarter valued at approximately $42,000. Finally, NewEdge Advisors LLC grew its stake in shares of SiteOne Landscape Supply by 36.6% during the first quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock valued at $48,000 after buying an additional 107 shares during the last quarter.

Insider Buying and Selling

In related news, Director Fred M. Diaz sold 563 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $115.13, for a total value of $64,818.19. Following the completion of the transaction, the director owned 11,829 shares of the company’s stock, valued at $1,361,872.77. The trade was a 4.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SITE shares. Barclays reduced their price target on SiteOne Landscape Supply from $150.00 to $148.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Robert W. Baird set a $160.00 price objective on SiteOne Landscape Supply in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Thursday, April 30th. Stifel Nicolaus decreased their target price on SiteOne Landscape Supply from $157.00 to $153.00 and set a “buy” rating for the company in a research report on Monday, June 22nd. Finally, Zacks Research lowered shares of SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research note on Monday, June 22nd. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $159.70.

SiteOne Landscape Supply Trading Down 4.0%

NYSE SITE opened at $109.81 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 2.33. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 32.58, a price-to-earnings-growth ratio of 1.53 and a beta of 1.34. The company’s 50-day simple moving average is $116.20 and its two-hundred day simple moving average is $130.48. SiteOne Landscape Supply, Inc. has a one year low of $100.52 and a one year high of $168.56.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.27). SiteOne Landscape Supply had a return on equity of 9.22% and a net margin of 3.24%.The business had revenue of $940.10 million during the quarter, compared to analysts’ expectations of $982.27 million. During the same period in the previous year, the company posted ($0.61) EPS. SiteOne Landscape Supply’s revenue for the quarter was up .1% on a year-over-year basis. Equities analysts forecast that SiteOne Landscape Supply, Inc. will post 4.06 EPS for the current fiscal year.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.