Kayne Anderson Rudnick Investment Management LLC grew its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,532,262 shares of the industrial products company’s stock after purchasing an additional 32,160 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned about 3.86% of SiteOne Landscape Supply worth $89,024,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. Ameritas Investment Partners Inc. lifted its position in SiteOne Landscape Supply by 223.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,937 shares of the industrial products company’s stock worth $153,000 after buying an additional 2,030 shares in the last quarter. Advisor Group Inc. lifted its position in SiteOne Landscape Supply by 156.6% during the 2nd quarter. Advisor Group Inc. now owns 3,192 shares of the industrial products company’s stock worth $165,000 after buying an additional 1,948 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in SiteOne Landscape Supply by 191.5% during the 2nd quarter. Great West Life Assurance Co. Can now owns 3,789 shares of the industrial products company’s stock worth $197,000 after buying an additional 2,489 shares in the last quarter. Amalgamated Bank acquired a new position in SiteOne Landscape Supply during the 2nd quarter worth about $201,000. Finally, Prudential Financial Inc. acquired a new position in SiteOne Landscape Supply during the 3rd quarter worth about $205,000.

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SiteOne Landscape Supply, Inc. (SITE) traded up $0.95 during trading on Wednesday, reaching $69.59. 744,100 shares of the company’s stock were exchanged, compared to its average volume of 433,577. The company has a current ratio of 2.69, a quick ratio of 1.21 and a debt-to-equity ratio of 2.35. SiteOne Landscape Supply, Inc. has a 52 week low of $30.87 and a 52 week high of $70.56. The firm has a market cap of $2,729.67, a P/E ratio of 63.56 and a beta of 2.31.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, November 8th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.14). SiteOne Landscape Supply had a net margin of 2.49% and a return on equity of 26.42%. The business had revenue of $502.40 million for the quarter, compared to analyst estimates of $506.28 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. research analysts expect that SiteOne Landscape Supply, Inc. will post 1.23 earnings per share for the current fiscal year.

Several research analysts recently issued reports on the stock. Royal Bank Of Canada reiterated a “buy” rating and set a $63.00 price target on shares of SiteOne Landscape Supply in a research report on Monday, September 18th. Barclays PLC upped their price target on shares of SiteOne Landscape Supply from $48.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 9th. Robert W. Baird upped their price target on shares of SiteOne Landscape Supply from $58.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, November 9th. SunTrust Banks, Inc. upped their price target on shares of SiteOne Landscape Supply to $70.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Finally, Zacks Investment Research downgraded shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. One analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. SiteOne Landscape Supply has an average rating of “Buy” and an average target price of $66.00.

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.

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

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