Loews Corp lowered its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 15.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 130,900 shares of the industrial products company’s stock after selling 24,000 shares during the quarter. SiteOne Landscape Supply comprises about 0.0% of Loews Corp’s holdings, making the stock its 27th largest position. Loews Corp owned 0.33% of SiteOne Landscape Supply worth $6,815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BB&T Corp increased its position in SiteOne Landscape Supply by 1.5% during the 2nd quarter. BB&T Corp now owns 6,998 shares of the industrial products company’s stock worth $364,000 after purchasing an additional 103 shares in the last quarter. American International Group Inc. increased its position in SiteOne Landscape Supply by 7.1% during the 1st quarter. American International Group Inc. now owns 7,165 shares of the industrial products company’s stock worth $347,000 after purchasing an additional 473 shares in the last quarter. Pier Capital LLC increased its position in SiteOne Landscape Supply by 0.4% during the 1st quarter. Pier Capital LLC now owns 161,988 shares of the industrial products company’s stock worth $7,842,000 after purchasing an additional 566 shares in the last quarter. Teachers Advisors LLC increased its position in SiteOne Landscape Supply by 3.4% during the 1st quarter. Teachers Advisors LLC now owns 19,515 shares of the industrial products company’s stock worth $945,000 after purchasing an additional 633 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in SiteOne Landscape Supply by 4.2% during the 1st quarter. JPMorgan Chase & Co. now owns 16,867 shares of the industrial products company’s stock worth $817,000 after purchasing an additional 683 shares in the last quarter.

SiteOne Landscape Supply, Inc. (NYSE SITE) traded up 0.6448% during trading on Friday, reaching $53.0398. The company’s stock had a trading volume of 159,451 shares. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 49.5699 and a beta of 2.07. The stock’s 50-day moving average is $51.07 and its 200 day moving average is $49.31. SiteOne Landscape Supply, Inc. has a 52-week low of $26.60 and a 52-week high of $53.87.

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 Zacks’ consensus estimate of $1.11 by ($0.04). SiteOne Landscape Supply had a net margin of 2.46% and a return on equity of 27.37%. The company had revenue of $608.60 million during the quarter, compared to the consensus estimate of $607.94 million. During the same period in the previous year, the business posted ($3.18) earnings per share. The firm’s revenue was up 18.5% on a year-over-year basis. On average, analysts predict that SiteOne Landscape Supply, Inc. will post $1.31 EPS for the current fiscal year.

A number of analysts recently issued reports on SITE shares. Deutsche Bank AG reissued a “buy” rating and set a $60.00 target price (up previously from $55.00) on shares of SiteOne Landscape Supply in a research report on Thursday, August 10th. BidaskClub raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Zacks Investment Research downgraded shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Finally, 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $54.50.

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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.

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

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