Wasatch Advisors Inc. grew its stake in SiteOne Landscape Supply Inc (NYSE:SITE) by 1,803.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,062,098 shares of the industrial products company’s stock after purchasing an additional 1,006,314 shares during the period. Wasatch Advisors Inc.’s holdings in SiteOne Landscape Supply were worth $81,463,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in SITE. Schwab Charles Investment Management Inc. grew its position in SiteOne Landscape Supply by 69.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 147,751 shares of the industrial products company’s stock worth $7,692,000 after acquiring an additional 60,473 shares during the last quarter. Bank of New York Mellon Corp grew its position in SiteOne Landscape Supply by 39.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 268,095 shares of the industrial products company’s stock worth $13,957,000 after acquiring an additional 75,936 shares during the last quarter. Legal & General Group Plc grew its position in SiteOne Landscape Supply by 199.7% during the 2nd quarter. Legal & General Group Plc now owns 8,172 shares of the industrial products company’s stock worth $423,000 after acquiring an additional 5,445 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in SiteOne Landscape Supply by 1,167.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,283 shares of the industrial products company’s stock worth $223,000 after acquiring an additional 3,945 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new stake in SiteOne Landscape Supply during the 2nd quarter worth approximately $327,000.

In other SiteOne Landscape Supply news, EVP Ross Anker sold 41,824 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $69.09, for a total transaction of $2,889,620.16. Following the transaction, the executive vice president now owns 88,881 shares of the company’s stock, valued at approximately $6,140,788.29. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Joseph Ketter sold 2,500 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $71.67, for a total value of $179,175.00. Following the transaction, the vice president now directly owns 7,716 shares in the company, valued at approximately $553,005.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 94,887 shares of company stock worth $6,704,265. Company insiders own 4.00% of the company’s stock.

SiteOne Landscape Supply Inc (NYSE SITE) traded down $0.30 during trading hours on Tuesday, reaching $71.18. The company’s stock had a trading volume of 319,392 shares, compared to its average volume of 288,970. SiteOne Landscape Supply Inc has a 12-month low of $35.68 and a 12-month high of $77.40. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.21 and a current ratio of 2.69. The firm has a market cap of $2,830.00 and a P/E ratio of 66.52.

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

SITE has been the topic of a number of research analyst reports. Royal Bank of Canada restated a “buy” rating and set a $63.00 price target on shares of SiteOne Landscape Supply in a research report on Monday, September 18th. BidaskClub upgraded SiteOne Landscape Supply from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 21st. Zacks Investment Research lowered SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. SunTrust Banks increased their price target on SiteOne Landscape Supply to $70.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Finally, Barclays increased their price target on 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. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $67.50.

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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.

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

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