Fenimore Asset Management Inc increased its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE – Free Report) by 9.1% in the third quarter, HoldingsChannel reports. The firm owned 164,444 shares of the industrial products company’s stock after buying an additional 13,773 shares during the quarter. Fenimore Asset Management Inc’s holdings in SiteOne Landscape Supply were worth $14,851,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. Squarepoint Ops LLC purchased a new position in shares of SiteOne Landscape Supply during the second quarter valued at approximately $6,977,000. Legal & General Group Plc acquired a new position in SiteOne Landscape Supply in the 2nd quarter valued at $4,281,000. Bamco Inc. NY lifted its stake in shares of SiteOne Landscape Supply by 3.1% during the 4th quarter. Bamco Inc. NY now owns 2,028,366 shares of the industrial products company’s stock worth $252,653,000 after purchasing an additional 61,490 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in shares of SiteOne Landscape Supply during the 2nd quarter worth $3,059,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of SiteOne Landscape Supply during the second quarter worth $1,513,000.
SiteOne Landscape Supply Trading Up 1.5%
Shares of SiteOne Landscape Supply stock traded up $1.29 during trading hours on Thursday, reaching $87.65. The stock had a trading volume of 1,223,345 shares, compared to its average volume of 819,492. The firm has a market capitalization 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. SiteOne Landscape Supply, Inc. has a 1 year low of $82.00 and a 1 year high of $168.56. The company has a current ratio of 2.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.36. The firm has a 50 day simple moving average of $94.94 and a two-hundred day simple moving average of $109.89.
Analysts Set New Price Targets
Several equities analysts recently commented on the company. William Blair reiterated a “market perform” rating on shares of SiteOne Landscape Supply in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lowered SiteOne Landscape Supply from a “buy” rating to a “hold” rating and decreased their price target for the stock from $127.00 to $91.00 in a research note on Thursday. Truist Financial lowered their price target on SiteOne Landscape Supply from $200.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Zacks Research upgraded shares of SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a report on Monday, September 28th. Finally, Royal Bank Of Canada decreased their target price on shares of SiteOne Landscape Supply from $135.00 to $124.00 and set an “outperform” rating on the stock in a research report on Wednesday. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $124.80.
Check Out Our Latest Analysis on SITE
Insider Transactions at SiteOne Landscape Supply
In other SiteOne Landscape Supply news, CEO Doug Black acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was bought at an average cost of $96.13 per share, for a total transaction of $480,650.00. Following the completion of the purchase, the chief executive officer directly owned 13,000 shares in the company, valued at $1,249,690. This represents a 62.50% increase in their ownership of the stock. The transaction 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 Company Profile
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.
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