310,746 SiteOne Landscape Supply, Inc. $SITE Shares Sold by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC cut its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 32.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 649,540 shares of the industrial products company’s stock after selling 310,746 shares during the period. SiteOne Landscape Supply comprises about 1.8% of Conestoga Capital Advisors LLC’s holdings, making the stock its 22nd largest position. Conestoga Capital Advisors LLC’s holdings in SiteOne Landscape Supply were worth $58,660,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Bamco Inc. NY acquired a new stake in SiteOne Landscape Supply in the 2nd quarter valued at about $232,115,000. BlackRock Inc. purchased a new position in SiteOne Landscape Supply during the 2nd quarter valued at about $221,355,000. Jupiter Topco LLC acquired a new position in SiteOne Landscape Supply during the second quarter worth about $59,521,000. Bank of America Corp DE acquired a new position in SiteOne Landscape Supply during the second quarter worth about $49,027,000. Finally, Amundi raised its position in SiteOne Landscape Supply by 49.0% during the second quarter. Amundi now owns 1,048,747 shares of the industrial products company’s stock worth $120,043,000 after acquiring an additional 344,980 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $114.00 price target on shares of SiteOne Landscape Supply in a report on Wednesday, October 28th. Barclays dropped their price objective on shares of SiteOne Landscape Supply from $129.00 to $108.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Truist Financial cut their price objective on SiteOne Landscape Supply from $200.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Royal Bank Of Canada cut their price objective on SiteOne Landscape Supply from $135.00 to $124.00 and set an “outperform” rating for the company in a research report on Wednesday, October 7th. Finally, Deutsche Bank Aktiengesellschaft lowered SiteOne Landscape Supply from a “buy” rating to a “hold” rating and reduced their target price for the company from $127.00 to $91.00 in a research note on Thursday, October 8th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $123.00.

SiteOne Landscape Supply Trading Up 6.0%

SiteOne Landscape Supply stock opened at $118.37 on Thursday. The stock has a 50-day moving average price of $95.79 and a 200 day moving average price of $116.09. SiteOne Landscape Supply, Inc. has a 52 week low of $82.00 and a 52 week high of $168.56. The stock has a market cap of $5.11 billion, a PE ratio of 31.15, a P/E/G ratio of 1.74 and a beta of 1.29. The company has a current ratio of 2.41, a quick ratio of 1.03 and a debt-to-equity ratio of 0.34.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, October 28th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.46. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.30 billion. SiteOne Landscape Supply had a net margin of 3.49% and a return on equity of 10.06%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.31 EPS. Equities research analysts predict that SiteOne Landscape Supply, Inc. will post 3.74 earnings per share for the current fiscal year.

Insider Buying and Selling at SiteOne Landscape Supply

In other news, CEO Doug Black acquired 9,100 shares of the business’s stock in a transaction dated Friday, October 30th. The stock was acquired at an average price of $110.30 per share, with a total value of $1,003,730.00. Following the completion of the transaction, the chief executive officer directly owned 18,141 shares in the company, valued at approximately $2,000,952.30. This represents a 100.65% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

SiteOne Landscape Supply Profile

SiteOne Landscape Supply, Inc (NYSE: SITE) is a wholesale distributor of landscape and outdoor living products in the United States and Canada. The company serves landscape professionals, irrigation contractors, golf course and sports-turf managers, nursery and greenhouse operators, and other customers in the green industry.

Its product offerings include irrigation and water-management systems, landscape lighting, nursery and greenhouse supplies, fertilizers and other agronomic products, turf-care equipment, hardscape materials, outdoor living products, and pest-control supplies.