Pictet Asset Management Ltd. lifted its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 2.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,305,081 shares of the industrial products company’s stock after purchasing an additional 30,476 shares during the quarter. Pictet Asset Management Ltd. owned 3.28% of SiteOne Landscape Supply worth $75,826,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SITE. Ameritas Investment Partners Inc. boosted its holdings in shares of SiteOne Landscape Supply by 223.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,937 shares of the industrial products company’s stock worth $153,000 after purchasing an additional 2,030 shares in the last quarter. Advisor Group Inc. boosted its holdings in shares of SiteOne Landscape Supply by 156.6% in the 2nd quarter. Advisor Group Inc. now owns 3,192 shares of the industrial products company’s stock worth $165,000 after purchasing an additional 1,948 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of SiteOne Landscape Supply by 191.5% in the 2nd quarter. Great West Life Assurance Co. Can now owns 3,789 shares of the industrial products company’s stock worth $197,000 after purchasing an additional 2,489 shares in the last quarter. Amalgamated Bank purchased a new position in shares of SiteOne Landscape Supply in the 2nd quarter worth about $201,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of SiteOne Landscape Supply by 1,167.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,283 shares of the industrial products company’s stock worth $223,000 after purchasing an additional 3,945 shares in the last quarter.

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) opened at 63.51 on Wednesday. SiteOne Landscape Supply, Inc. has a one year low of $26.60 and a one year high of $63.90. The stock has a market capitalization of $2.52 billion, a PE ratio of 59.36 and a beta of 2.26. The company’s 50-day moving average price is $59.47 and its 200 day moving average price is $53.03.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $1.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.04). SiteOne Landscape Supply had a return on equity of 27.37% and a net margin of 2.46%. The company had revenue of $608.60 million for the quarter, compared to the consensus estimate of $607.94 million. During the same period in the previous year, the firm earned ($3.18) earnings per share. The company’s revenue was up 18.5% compared to the same quarter last year. Analysts anticipate that SiteOne Landscape Supply, Inc. will post $1.31 EPS for the current year.

A number of equities analysts have recently issued reports on SITE shares. Royal Bank Of Canada upped their price objective on SiteOne Landscape Supply from $63.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, October 4th. BidaskClub upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Deutsche Bank AG reiterated a “buy” rating and issued a $60.00 price objective (up from $55.00) on shares of SiteOne Landscape Supply in a report on Thursday, August 10th. Finally, Zacks Investment Research cut SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $57.33.

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About SiteOne Landscape Supply

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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