Fmr LLC boosted its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 288.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,017,984 shares of the industrial products company’s stock after acquiring an additional 1,498,436 shares during the quarter. Fmr LLC owned about 5.08% of SiteOne Landscape Supply worth $105,056,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in SiteOne Landscape Supply by 58.4% during the second quarter. Vanguard Group Inc. now owns 2,618,729 shares of the industrial products company’s stock worth $136,330,000 after acquiring an additional 965,336 shares during the last quarter. Brant Point Investment Management LLC bought a new position in shares of SiteOne Landscape Supply during the second quarter valued at approximately $4,998,000. Northern Trust Corp grew its stake in shares of SiteOne Landscape Supply by 114.4% during the second quarter. Northern Trust Corp now owns 433,782 shares of the industrial products company’s stock valued at $22,583,000 after buying an additional 231,495 shares during the last quarter. Citigroup Inc. grew its stake in shares of SiteOne Landscape Supply by 112.9% during the second quarter. Citigroup Inc. now owns 5,725 shares of the industrial products company’s stock valued at $298,000 after buying an additional 3,036 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its stake in shares of SiteOne Landscape Supply by 197.9% during the second quarter. UBS Asset Management Americas Inc. now owns 18,766 shares of the industrial products company’s stock valued at $977,000 after buying an additional 12,466 shares during the last quarter.

A number of research analysts have recently commented on SITE shares. Deutsche Bank AG reaffirmed a “buy” rating and set a $60.00 target price (up previously from $55.00) on shares of SiteOne Landscape Supply in a research note on Thursday, August 10th. Zacks Investment Research cut SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $63.00 target price on shares of SiteOne Landscape Supply in a research note on Friday, August 11th. Finally, BidaskClub raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. SiteOne Landscape Supply currently has an average rating of “Buy” and a consensus price target of $57.33.

SiteOne Landscape Supply, Inc. (NYSE SITE) opened at 62.19 on Tuesday. The company has a market cap of $2.47 billion, a PE ratio of 58.12 and a beta of 2.23. SiteOne Landscape Supply, Inc. has a 1-year low of $26.60 and a 1-year high of $62.63. The stock’s 50 day moving average price is $54.01 and its 200-day moving average price is $51.37.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results 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 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 analyst estimates of $607.94 million. During the same quarter last year, the business posted ($3.18) EPS. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, analysts forecast that SiteOne Landscape Supply, Inc. will post $1.31 earnings per share for the current year.

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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.

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

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