Teachers Retirement System of The State of Kentucky cut its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 3.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,061 shares of the industrial products company’s stock after selling 841 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.06% of SiteOne Landscape Supply worth $1,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of SITE. BB&T Corp boosted its stake in SiteOne Landscape Supply by 1.5% during the second quarter. BB&T Corp now owns 6,998 shares of the industrial products company’s stock worth $364,000 after buying an additional 103 shares during the last quarter. American International Group Inc. boosted its stake in SiteOne Landscape Supply by 7.1% during the first quarter. American International Group Inc. now owns 7,165 shares of the industrial products company’s stock worth $347,000 after buying an additional 473 shares during the last quarter. Suntrust Banks Inc. boosted its stake in SiteOne Landscape Supply by 9.8% during the second quarter. Suntrust Banks Inc. now owns 6,658 shares of the industrial products company’s stock worth $345,000 after buying an additional 592 shares during the last quarter. Teachers Advisors LLC boosted its stake in SiteOne Landscape Supply by 3.4% during the first quarter. Teachers Advisors LLC now owns 19,515 shares of the industrial products company’s stock worth $945,000 after buying an additional 633 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in SiteOne Landscape Supply by 4.2% during the first quarter. JPMorgan Chase & Co. now owns 16,867 shares of the industrial products company’s stock worth $817,000 after buying an additional 683 shares during the last quarter.

SiteOne Landscape Supply, Inc. (NYSE:SITE) opened at 62.45 on Monday. The firm’s 50-day moving average price is $53.64 and its 200-day moving average price is $51.17. SiteOne Landscape Supply, Inc. has a 1-year low of $26.60 and a 1-year high of $62.48. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 58.36 and a beta of 2.23.

SiteOne Landscape Supply (NYSE:SITE) last announced its earnings results on Wednesday, August 9th. The industrial products company reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.04). The company had revenue of $608.60 million for the quarter, compared to analyst estimates of $607.94 million. SiteOne Landscape Supply had a net margin of 2.46% and a return on equity of 27.37%. SiteOne Landscape Supply’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the company posted ($3.18) EPS. On average, equities research analysts anticipate that SiteOne Landscape Supply, Inc. will post $1.31 earnings per share for the current year.

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A number of equities analysts have weighed in on SITE shares. Zacks Investment Research lowered SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Royal Bank Of Canada boosted their price objective on SiteOne Landscape Supply from $63.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 4th. Deutsche Bank AG reissued a “buy” rating and set a $60.00 price objective (up previously from $55.00) on shares of SiteOne Landscape Supply in a research note on Thursday, August 10th. Finally, BidaskClub raised SiteOne Landscape Supply from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $57.33.

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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