Crown Oak Advisors LLC Boosts Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Crown Oak Advisors LLC increased its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 12.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,084 shares of the industrial products company’s stock after acquiring an additional 6,074 shares during the quarter. SiteOne Landscape Supply comprises approximately 3.6% of Crown Oak Advisors LLC’s portfolio, making the stock its 14th biggest position. Crown Oak Advisors LLC owned 0.12% of SiteOne Landscape Supply worth $6,995,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SITE. Bamco Inc. NY lifted its stake in shares of SiteOne Landscape Supply by 8.9% in the 3rd quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company’s stock valued at $238,489,000 after purchasing an additional 129,252 shares during the period. Wasatch Advisors LP lifted its position in SiteOne Landscape Supply by 11.4% during the third quarter. Wasatch Advisors LP now owns 1,577,651 shares of the industrial products company’s stock valued at $238,083,000 after buying an additional 161,846 shares during the period. Geode Capital Management LLC boosted its holdings in shares of SiteOne Landscape Supply by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 717,975 shares of the industrial products company’s stock valued at $108,381,000 after buying an additional 3,434 shares in the last quarter. Geneva Capital Management LLC boosted its holdings in shares of SiteOne Landscape Supply by 1.5% during the 3rd quarter. Geneva Capital Management LLC now owns 626,101 shares of the industrial products company’s stock valued at $94,485,000 after buying an additional 9,209 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of SiteOne Landscape Supply by 10.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 568,349 shares of the industrial products company’s stock worth $69,007,000 after buying an additional 53,131 shares during the period.

Wall Street Analysts Forecast Growth

SITE has been the topic of several research reports. Barclays boosted their price objective on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a research note on Thursday, October 31st. Jefferies Financial Group upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and lifted their target price for the company from $145.00 to $175.00 in a report on Friday, December 6th. StockNews.com downgraded SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research note on Monday. The Goldman Sachs Group started coverage on SiteOne Landscape Supply in a research note on Thursday, October 10th. They set a “neutral” rating and a $158.00 price objective for the company. Finally, Robert W. Baird increased their target price on SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, SiteOne Landscape Supply currently has an average rating of “Hold” and an average target price of $156.44.

Insider Activity

In related news, EVP Joseph Ketter sold 6,500 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $142.20, for a total transaction of $924,300.00. Following the completion of the sale, the executive vice president now owns 12,942 shares in the company, valued at approximately $1,840,352.40. This represents a 33.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is owned by corporate insiders.

SiteOne Landscape Supply Stock Down 0.4 %

SiteOne Landscape Supply stock opened at $146.65 on Friday. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of 47.46 and a beta of 1.56. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. SiteOne Landscape Supply, Inc. has a 12 month low of $114.60 and a 12 month high of $188.01. The stock has a fifty day simple moving average of $140.49 and a two-hundred day simple moving average of $140.77.

SiteOne Landscape Supply (NYSE:SITE) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.21). The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. SiteOne Landscape Supply’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the firm posted $1.25 EPS. Equities analysts predict that SiteOne Landscape Supply, Inc. will post 2.94 EPS for the current fiscal year.

About SiteOne Landscape Supply

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.