Stephens Investment Management Group LLC boosted its holdings in shares of SiteOne Landscape Supply Inc (NYSE:SITE) by 0.7% during the second quarter, HoldingsChannel.com reports. The firm owned 660,416 shares of the industrial products company’s stock after purchasing an additional 4,328 shares during the period. Stephens Investment Management Group LLC’s holdings in SiteOne Landscape Supply were worth $45,767,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of SiteOne Landscape Supply by 22.1% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,968,964 shares of the industrial products company’s stock valued at $169,676,000 after buying an additional 537,624 shares in the last quarter. Wasatch Advisors Inc. boosted its holdings in SiteOne Landscape Supply by 0.6% in the first quarter. Wasatch Advisors Inc. now owns 1,350,923 shares of the industrial products company’s stock valued at $77,205,000 after purchasing an additional 7,656 shares during the period. Conestoga Capital Advisors LLC boosted its holdings in SiteOne Landscape Supply by 1.8% in the first quarter. Conestoga Capital Advisors LLC now owns 990,605 shares of the industrial products company’s stock valued at $56,613,000 after purchasing an additional 17,854 shares during the period. JPMorgan Chase & Co. boosted its holdings in SiteOne Landscape Supply by 11.2% in the first quarter. JPMorgan Chase & Co. now owns 620,640 shares of the industrial products company’s stock valued at $35,470,000 after purchasing an additional 62,571 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in SiteOne Landscape Supply by 17.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 458,743 shares of the industrial products company’s stock valued at $25,356,000 after purchasing an additional 66,536 shares during the period.

In other news, EVP L Briley Brisendine, Jr. sold 20,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $70.35, for a total value of $1,407,000.00. Following the completion of the sale, the executive vice president now directly owns 38,336 shares of the company’s stock, valued at approximately $2,696,937.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Greg Weller sold 922 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $72.05, for a total value of $66,430.10. Following the completion of the sale, the vice president now directly owns 10,361 shares of the company’s stock, valued at $746,510.05. The disclosure for this sale can be found here. Insiders have sold a total of 98,420 shares of company stock valued at $6,736,075 over the last ninety days. 4.10% of the stock is owned by company insiders.

NYSE SITE traded up $0.41 during trading on Thursday, reaching $73.12. 129,511 shares of the company’s stock were exchanged, compared to its average volume of 409,788. The firm has a market cap of $3.14 billion, a PE ratio of 42.26 and a beta of 1.07. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.13 and a current ratio of 2.50. The stock has a 50 day simple moving average of $70.79. SiteOne Landscape Supply Inc has a 1 year low of $45.32 and a 1 year high of $93.68.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.10). The business had revenue of $752.40 million for the quarter, compared to analysts’ expectations of $774.03 million. SiteOne Landscape Supply had a return on equity of 22.24% and a net margin of 3.08%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm earned $1.48 earnings per share. As a group, research analysts anticipate that SiteOne Landscape Supply Inc will post 1.62 earnings per share for the current fiscal year.

SITE has been the subject of a number of recent research reports. Royal Bank of Canada lifted their target price on SiteOne Landscape Supply to $68.00 and gave the company a “sector perform” rating in a report on Thursday, August 1st. TheStreet raised SiteOne Landscape Supply from a “c-” rating to a “b-” rating in a report on Thursday, June 13th. Robert W. Baird raised SiteOne Landscape Supply from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $64.00 to $77.00 in a report on Tuesday, June 25th. UBS Group set a $58.00 price target on SiteOne Landscape Supply and gave the stock a “hold” rating in a report on Friday, May 3rd. Finally, ValuEngine raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. SiteOne Landscape Supply currently has a consensus rating of “Hold” and an average target price of $76.90.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply, Inc engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides a selection of approximately 120,000 stock keeping units, including irrigation supplies, fertilizer and control products, landscape accessories, nursery goods, outdoor lightings, and ice melt products, as well as hardscapes, such as pavers, natural stones, and blocks.

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

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