Granite Investment Partners LLC boosted its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 2.6% during the second quarter, Holdings Channel reports. The firm owned 321,471 shares of the industrial products company’s stock after buying an additional 8,106 shares during the period. SiteOne Landscape Supply accounts for 1.1% of Granite Investment Partners LLC’s holdings, making the stock its 15th largest position. Granite Investment Partners LLC’s holdings in SiteOne Landscape Supply were worth $16,736,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in SITE. Kayne Anderson Rudnick Investment Management LLC increased its stake in 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 worth $70,206,000 after buying an additional 1,241,912 shares during the period. FMR LLC increased its stake in SiteOne Landscape Supply by 1,029.5% in the first quarter. FMR LLC now owns 519,548 shares of the industrial products company’s stock worth $25,151,000 after buying an additional 473,548 shares during the period. Pictet Asset Management Ltd. increased its stake in SiteOne Landscape Supply by 49.4% in the second quarter. Pictet Asset Management Ltd. now owns 1,274,605 shares of the industrial products company’s stock worth $67,784,000 after buying an additional 421,519 shares during the period. GFI Investment Counsel Ltd. purchased a new stake in SiteOne Landscape Supply during the first quarter worth $17,650,000. Finally, AMI Asset Management Corp purchased a new stake in SiteOne Landscape Supply during the second quarter worth $12,320,000. 89.72% of the stock is currently owned by institutional investors and hedge funds.

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) opened at 52.31 on Thursday. The firm’s market capitalization is $2.08 billion. SiteOne Landscape Supply, Inc. has a 12-month low of $26.60 and a 12-month high of $53.87. The firm’s 50-day moving average price is $52.38 and its 200-day moving average price is $47.20.

SiteOne Landscape Supply (NYSE:SITE) last announced its earnings results on Wednesday, August 9th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.12 by $0.05. SiteOne Landscape Supply had a return on equity of 22.88% and a net margin of 1.55%. The business had revenue of $608.60 million for the quarter, compared to analyst estimates of $607.94 million. During the same quarter in the previous year, the company earned ($3.18) EPS. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. Equities analysts predict that SiteOne Landscape Supply, Inc. will post $1.40 earnings per share for the current fiscal year.

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SITE has been the topic of a number of recent research reports. Zacks Investment Research raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Wednesday, April 19th. Johnson Rice initiated coverage on SiteOne Landscape Supply in a research report on Monday, May 15th. They set an “accumulate” rating on the stock. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $52.00 price objective on shares of SiteOne Landscape Supply in a report on Monday, May 8th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $49.00.

In other SiteOne Landscape Supply news, CEO Doug Black bought 6,200 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were purchased at an average price of $50.76 per share, for a total transaction of $314,712.00. Following the transaction, the chief executive officer now directly owns 400,743 shares in the company, valued at approximately $20,341,714.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.00% of the company’s stock.

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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