Legal & General Group Plc lifted its stake in shares of SiteOne Landscape Supply Inc (NYSE:SITE) by 67.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,653 shares of the industrial products company’s stock after purchasing an additional 5,481 shares during the quarter. Legal & General Group Plc’s holdings in SiteOne Landscape Supply were worth $792,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC acquired a new stake in SiteOne Landscape Supply in the second quarter valued at about $11,758,000. Schwab Charles Investment Management Inc. boosted its stake in SiteOne Landscape Supply by 69.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 147,751 shares of the industrial products company’s stock valued at $7,692,000 after buying an additional 60,473 shares in the last quarter. Northern Trust Corp boosted its stake in SiteOne Landscape Supply by 114.4% in 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 in the last quarter. FMR LLC boosted its stake in SiteOne Landscape Supply by 288.4% in the second quarter. FMR LLC now owns 2,017,984 shares of the industrial products company’s stock valued at $105,056,000 after buying an additional 1,498,436 shares in the last quarter. Finally, Stephens Investment Management Group LLC boosted its stake in SiteOne Landscape Supply by 13.8% in the second quarter. Stephens Investment Management Group LLC now owns 614,407 shares of the industrial products company’s stock valued at $31,986,000 after buying an additional 74,415 shares in the last quarter.

In other news, EVP Ross Anker sold 41,824 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 88,881 shares in the company, valued at $6,140,788.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Pascal Convers sold 9,750 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $74.25, for a total value of $723,937.50. The disclosure for this sale can be found here. Insiders sold 94,887 shares of company stock valued at $6,704,265 over the last quarter. Corporate insiders own 4.00% of the company’s stock.

SiteOne Landscape Supply Inc (SITE) opened at $73.62 on Thursday. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.69 and a quick ratio of 1.21. The company has a market capitalization of $2,930.00 and a PE ratio of 68.80. SiteOne Landscape Supply Inc has a 1 year low of $35.38 and a 1 year high of $77.40.

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

Several research firms recently weighed in on SITE. Royal Bank of Canada reaffirmed a “buy” rating and issued a $63.00 price objective on shares of SiteOne Landscape Supply in a research note on Monday, September 18th. Barclays raised their price objective on SiteOne Landscape Supply from $48.00 to $56.00 and gave the company an “equal weight” rating in a research note on Thursday, November 9th. BidaskClub raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Robert W. Baird raised their price objective on SiteOne Landscape Supply from $58.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Finally, SunTrust Banks raised their price objective on SiteOne Landscape Supply to $70.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $66.00.

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SiteOne Landscape Supply 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.

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

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