Fenimore Asset Management Inc Purchases 13,773 Shares of SiteOne Landscape Supply, Inc. $SITE

Fenimore Asset Management Inc increased its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 9.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 164,444 shares of the industrial products company’s stock after purchasing an additional 13,773 shares during the period. Fenimore Asset Management Inc owned 0.38% of SiteOne Landscape Supply worth $14,851,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc grew its stake in SiteOne Landscape Supply by 114.3% during the 3rd quarter. Versant Capital Management Inc now owns 420 shares of the industrial products company’s stock worth $38,000 after buying an additional 224 shares during the last quarter. SkyView Investment Advisors LLC acquired a new stake in shares of SiteOne Landscape Supply in the second quarter valued at approximately $114,000. WINTON GROUP Ltd purchased a new position in shares of SiteOne Landscape Supply during the second quarter worth approximately $675,000. Engineers Gate Manager LP grew its position in shares of SiteOne Landscape Supply by 268.3% during the second quarter. Engineers Gate Manager LP now owns 10,630 shares of the industrial products company’s stock worth $1,216,000 after acquiring an additional 7,744 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of SiteOne Landscape Supply in the 2nd quarter valued at $6,977,000.

Insider Transactions at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, CEO Doug Black purchased 8,000 shares of the stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average cost of $102.03 per share, for a total transaction of $816,240.00. Following the completion of the transaction, the chief executive officer directly owned 8,000 shares of the company’s stock, valued at $816,240. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

SiteOne Landscape Supply Stock Performance

NYSE SITE traded up $1.29 on Thursday, hitting $87.65. 1,223,345 shares of the company’s stock were exchanged, compared to its average volume of 819,492. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 24.01, a P/E/G ratio of 1.31 and a beta of 1.38. The firm’s 50-day moving average price is $94.94 and its two-hundred day moving average price is $109.89. SiteOne Landscape Supply, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $168.56. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.30 and a quick ratio of 1.01.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $3.14 EPS for the quarter, missing the consensus estimate of $3.36 by ($0.22). SiteOne Landscape Supply had a net margin of 3.41% and a return on equity of 9.76%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the business earned $2.86 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, research analysts expect that SiteOne Landscape Supply, Inc. will post 3.93 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on SITE. Barclays reduced their price target on shares of SiteOne Landscape Supply from $129.00 to $108.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. Royal Bank Of Canada reduced their target price on shares of SiteOne Landscape Supply from $135.00 to $124.00 and set an “outperform” rating for the company in a report on Wednesday. Stifel Nicolaus reiterated a “hold” rating and set a $100.00 target price (down from $153.00) on shares of SiteOne Landscape Supply in a research note on Thursday, July 30th. Zacks Research raised SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a report on Monday, September 28th. Finally, UBS Group dropped their price target on SiteOne Landscape Supply from $140.00 to $110.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $124.80.

About SiteOne Landscape Supply

SiteOne Landscape Supply, Inc is a wholesale distributor of landscape and outdoor living products serving professional customers across the United States and Canada. The company supplies landscape contractors, landscape designers, irrigation professionals, golf course managers, government agencies and other green-industry businesses through a network of distribution centers and branches.

Its product portfolio includes irrigation and outdoor lighting equipment, nursery products, turf and landscape maintenance supplies, fertilizers and other agronomic products, hardscape materials, outdoor living products, and golf course maintenance supplies.