TD Asset Management Inc. boosted its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 138.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,000 shares of the industrial products company’s stock after buying an additional 12,200 shares during the period. TD Asset Management Inc. owned about 0.05% of SiteOne Landscape Supply worth $1,093,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of SiteOne Landscape Supply by 596.2% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,450,224 shares of the industrial products company’s stock valued at $70,206,000 after buying an additional 1,241,912 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of SiteOne Landscape Supply by 3.7% in the first quarter. Parametric Portfolio Associates LLC now owns 31,885 shares of the industrial products company’s stock valued at $1,544,000 after buying an additional 1,151 shares during the last quarter. Suntrust Banks Inc. purchased a new position in shares of SiteOne Landscape Supply during the first quarter valued at $293,000. Bank of New York Mellon Corp increased its position in shares of SiteOne Landscape Supply by 154.2% in the first quarter. Bank of New York Mellon Corp now owns 192,159 shares of the industrial products company’s stock valued at $9,303,000 after buying an additional 116,564 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. purchased a new position in shares of SiteOne Landscape Supply during the first quarter valued at $350,000. 90.79% of the stock is owned by hedge funds and other institutional investors.

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) opened at 48.40 on Monday. The stock has a market cap of $1.92 billion, a PE ratio of 45.23 and a beta of 1.87. SiteOne Landscape Supply, Inc. has a one year low of $26.60 and a one year high of $53.87. The stock’s 50 day moving average price is $51.69 and its 200-day moving average price is $48.17.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, August 9th. The industrial products company reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by $0.04. The firm had revenue of $608.60 million during the quarter, compared to the consensus estimate of $607.94 million. SiteOne Landscape Supply had a net margin of 2.46% and a return on equity of 27.37%. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the firm earned ($3.18) earnings per share. On average, equities analysts predict that SiteOne Landscape Supply, Inc. will post $1.31 earnings per share for the current fiscal year.

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Several research analysts recently weighed in on the stock. Deutsche Bank AG reissued a “buy” rating and issued a $60.00 target price (up previously from $55.00) on shares of SiteOne Landscape Supply in a research note on Thursday, August 10th. Royal Bank Of Canada restated a “buy” rating and issued a $63.00 price target on shares of SiteOne Landscape Supply in a report on Friday, August 11th. Zacks Investment Research cut SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Finally, Johnson Rice began coverage on SiteOne Landscape Supply in a report on Monday, May 8th. They issued an “accumulate” rating for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $54.50.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply, Inc is a national wholesale distributor of landscape supplies in the United States and Canada. The Company is a supplier of irrigation, landscape lighting, hardscapes, lawn care supplies, nursery stock, and landscape accessories to green industry professionals. As of October 2, 2016, the Company had over 450 stores.

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Institutional Ownership by Quarter for SiteOne Landscape Supply (NYSE:SITE)

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