Fenimore Asset Management Inc Sells 269 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Fenimore Asset Management Inc trimmed its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 0.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 135,928 shares of the industrial products company’s stock after selling 269 shares during the quarter. Fenimore Asset Management Inc’s holdings in SiteOne Landscape Supply were worth $17,911,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. increased its stake in shares of SiteOne Landscape Supply by 90.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock valued at $32,000 after buying an additional 100 shares during the period. Blue Trust Inc. boosted its holdings in SiteOne Landscape Supply by 287.7% in the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 187 shares during the last quarter. Trust Co. of Vermont boosted its holdings in SiteOne Landscape Supply by 657.9% in the fourth quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 250 shares during the last quarter. American National Bank & Trust acquired a new stake in SiteOne Landscape Supply in the third quarter worth about $49,000. Finally, Quarry LP bought a new stake in SiteOne Landscape Supply during the 2nd quarter worth about $61,000.

SiteOne Landscape Supply Stock Performance

Shares of SITE opened at $147.47 on Friday. The firm has a market cap of $6.65 billion, a P/E ratio of 47.72 and a beta of 1.56. SiteOne Landscape Supply, Inc. has a twelve month low of $114.60 and a twelve month high of $188.01. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. The firm’s 50 day moving average price is $140.71 and its two-hundred day moving average price is $141.03.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.21). The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The company’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.25 earnings per share. On average, analysts forecast that SiteOne Landscape Supply, Inc. will post 2.94 EPS for the current fiscal year.

Insider Buying and Selling at SiteOne Landscape Supply

In other news, EVP Joseph Ketter sold 6,500 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $142.20, for a total value of $924,300.00. Following the sale, the executive vice president now owns 12,942 shares of the company’s stock, valued at $1,840,352.40. The trade was a 33.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

SITE has been the topic of several recent research reports. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and raised their target price for the company from $145.00 to $175.00 in a research note on Friday, December 6th. The Goldman Sachs Group initiated coverage on shares of SiteOne Landscape Supply in a report on Thursday, October 10th. They set a “neutral” rating and a $158.00 target price for the company. Barclays increased their price target on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a research note on Thursday, October 31st. Robert W. Baird increased their target price on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, StockNews.com lowered SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Monday, January 20th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $156.44.

SiteOne Landscape Supply 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.