Advisory Services Network LLC Purchases 388 Shares of SiteOne Landscape Supply Inc (NYSE:SITE)

Advisory Services Network LLC lifted its position in shares of SiteOne Landscape Supply Inc (NYSE:SITE) by 451.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 474 shares of the industrial products company’s stock after acquiring an additional 388 shares during the period. Advisory Services Network LLC’s holdings in SiteOne Landscape Supply were worth $27,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of Montreal Can grew its position in SiteOne Landscape Supply by 108.0% in the 4th quarter. Bank of Montreal Can now owns 570 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 296 shares during the period. Rhumbline Advisers grew its position in SiteOne Landscape Supply by 47.1% in the 4th quarter. Rhumbline Advisers now owns 52,921 shares of the industrial products company’s stock worth $2,925,000 after purchasing an additional 16,938 shares during the period. Comerica Bank grew its position in SiteOne Landscape Supply by 39.9% in the 4th quarter. Comerica Bank now owns 24,319 shares of the industrial products company’s stock worth $1,411,000 after purchasing an additional 6,940 shares during the period. Prudential Financial Inc. grew its position in SiteOne Landscape Supply by 7.9% in the 4th quarter. Prudential Financial Inc. now owns 4,212 shares of the industrial products company’s stock worth $233,000 after purchasing an additional 308 shares during the period. Finally, California Public Employees Retirement System grew its position in SiteOne Landscape Supply by 180.0% in the 4th quarter. California Public Employees Retirement System now owns 58,572 shares of the industrial products company’s stock worth $3,237,000 after purchasing an additional 37,653 shares during the period.

A number of brokerages have recently issued reports on SITE. TheStreet raised shares of SUMMIT THERAPEU/S from a “d” rating to a “c-” rating in a research report on Thursday, June 13th. Berenberg Bank reissued a “sell” rating and set a GBX 600 ($7.84) price objective on shares of Great Portland Estates in a research report on Friday, May 3rd. UBS Group set a $125.00 price objective on shares of Caterpillar and gave the company a “sell” rating in a research report on Friday, May 3rd. ValuEngine raised shares of Whiting Petroleum from a “strong sell” rating to a “sell” rating in a research report on Friday, April 5th. Finally, Royal Bank of Canada set a $42.00 price objective on shares of Devon Energy and gave the company a “hold” rating in a research report on Thursday, May 2nd. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. SiteOne Landscape Supply has a consensus rating of “Buy” and a consensus target price of $76.20.

In related news, EVP Ross Anker sold 60,346 shares of SiteOne Landscape Supply stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $66.64, for a total transaction of $4,021,457.44. Following the transaction, the executive vice president now owns 55,602 shares in the company, valued at approximately $3,705,317.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 78,191 shares of company stock worth $5,141,458. 4.10% of the stock is owned by corporate insiders.

Shares of SITE stock traded down $1.00 during mid-day trading on Friday, reaching $67.76. 248,862 shares of the company’s stock traded hands, compared to its average volume of 297,869. The company has a quick ratio of 0.94, a current ratio of 2.38 and a debt-to-equity ratio of 2.87. SiteOne Landscape Supply Inc has a 12 month low of $45.32 and a 12 month high of $95.04. The firm’s 50 day moving average price is $67.68. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 39.17 and a beta of 1.07.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, May 1st. The industrial products company reported ($0.59) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.11). SiteOne Landscape Supply had a net margin of 3.10% and a return on equity of 23.17%. The firm had revenue of $417.30 million for the quarter, compared to analysts’ expectations of $425.91 million. During the same quarter last year, the firm posted ($0.43) EPS. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. On average, research analysts anticipate that SiteOne Landscape Supply Inc will post 1.8 earnings per share for the current year.

About SiteOne Landscape Supply

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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