Comerica Bank grew its stake in SiteOne Landscape Supply Inc (NYSE:SITE) by 4.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,379 shares of the industrial products company’s stock after acquiring an additional 808 shares during the quarter. Comerica Bank’s holdings in SiteOne Landscape Supply were worth $1,183,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Synovus Financial Corp grew its position in shares of SiteOne Landscape Supply by 155.6% in the 3rd quarter. Synovus Financial Corp now owns 1,687 shares of the industrial products company’s stock valued at $128,000 after purchasing an additional 1,027 shares during the period. Public Employees Retirement Association of Colorado acquired a new position in shares of SiteOne Landscape Supply in the 3rd quarter valued at approximately $302,000. SG Americas Securities LLC grew its position in shares of SiteOne Landscape Supply by 87.6% in the 2nd quarter. SG Americas Securities LLC now owns 4,104 shares of the industrial products company’s stock valued at $345,000 after purchasing an additional 1,916 shares during the period. Strs Ohio grew its position in shares of SiteOne Landscape Supply by 246.2% in the 2nd quarter. Strs Ohio now owns 4,500 shares of the industrial products company’s stock valued at $377,000 after purchasing an additional 3,200 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its position in shares of SiteOne Landscape Supply by 62.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 4,735 shares of the industrial products company’s stock valued at $397,000 after purchasing an additional 1,813 shares during the period.

In other SiteOne Landscape Supply news, EVP L Briley Brisendine, Jr. sold 1,600 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $90.65, for a total transaction of $145,040.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Doug Black sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 21st. The stock was sold at an average price of $58.12, for a total value of $697,440.00. Following the transaction, the chief executive officer now directly owns 398,228 shares of the company’s stock, valued at approximately $23,145,011.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 88,700 shares of company stock valued at $6,579,665. Insiders own 4.40% of the company’s stock.

NYSE:SITE opened at $60.72 on Friday. SiteOne Landscape Supply Inc has a twelve month low of $55.68 and a twelve month high of $95.49. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.72 and a quick ratio of 1.29. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 50.18 and a beta of 1.45.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings results on Wednesday, October 31st. The industrial products company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.02). SiteOne Landscape Supply had a return on equity of 31.11% and a net margin of 3.90%. The firm had revenue of $578.50 million for the quarter, compared to analyst estimates of $590.23 million. During the same period last year, the company earned $0.41 EPS. The company’s revenue was up 15.1% compared to the same quarter last year. On average, sell-side analysts forecast that SiteOne Landscape Supply Inc will post 1.97 earnings per share for the current fiscal year.

Several brokerages recently issued reports on SITE. UBS Group boosted their price objective on SiteOne Landscape Supply from $76.00 to $80.00 and gave the company a “sell” rating in a research report on Thursday, August 30th. TheStreet lowered SiteOne Landscape Supply from a “b-” rating to a “c” rating in a research report on Monday, November 12th. Deutsche Bank decreased their price objective on SiteOne Landscape Supply from $90.00 to $81.00 and set a “buy” rating for the company in a research report on Thursday, November 1st. SunTrust Banks decreased their price objective on SiteOne Landscape Supply to $79.00 and set a “buy” rating for the company in a research report on Monday, November 5th. Finally, Royal Bank of Canada set a $88.00 price objective on SiteOne Landscape Supply and gave the company a “buy” rating in a research report on Thursday, November 1st. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $80.33.

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SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply, Inc, through its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation supplies; fertilizer and control products, such as herbicides; landscape accessories; nursery goods outdoor lighting; and ice melt products, as well as hardscapes, including pavers, natural stones, and blocks; turf protection products; grass seed; and turf care equipment and golf course maintenance supplies, as well as value-added consultative services to its customers.

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

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