Brown Advisory Inc. grew its holdings in SiteOne Landscape Supply Inc (NYSE:SITE) by 1.9% during the second quarter, HoldingsChannel.com reports. The fund owned 517,335 shares of the industrial products company’s stock after purchasing an additional 9,474 shares during the quarter. Brown Advisory Inc.’s holdings in SiteOne Landscape Supply were worth $43,441,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Artisan Partners Limited Partnership increased its stake in SiteOne Landscape Supply by 459.8% during the 1st quarter. Artisan Partners Limited Partnership now owns 154,560 shares of the industrial products company’s stock worth $11,907,000 after buying an additional 126,952 shares during the period. Comerica Bank increased its stake in SiteOne Landscape Supply by 29.2% during the 1st quarter. Comerica Bank now owns 18,610 shares of the industrial products company’s stock worth $1,441,000 after buying an additional 4,206 shares during the period. Gilder Gagnon Howe & Co. LLC increased its stake in SiteOne Landscape Supply by 5.5% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 389,817 shares of the industrial products company’s stock worth $32,733,000 after buying an additional 20,306 shares during the period. Barclays PLC increased its stake in SiteOne Landscape Supply by 30.1% during the 1st quarter. Barclays PLC now owns 8,107 shares of the industrial products company’s stock worth $624,000 after buying an additional 1,874 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in SiteOne Landscape Supply by 3.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 186,469 shares of the industrial products company’s stock worth $14,366,000 after buying an additional 6,508 shares during the period.

In other news, CEO Doug Black sold 12,000 shares of SiteOne Landscape Supply stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $91.99, for a total value of $1,103,880.00. Following the completion of the transaction, the chief executive officer now directly owns 403,228 shares of the company’s stock, valued at approximately $37,092,943.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO John T. Guthrie sold 10,000 shares of SiteOne Landscape Supply stock in a transaction dated Tuesday, June 19th. The shares were sold at an average price of $91.95, for a total transaction of $919,500.00. Following the completion of the transaction, the chief financial officer now directly owns 48,186 shares of the company’s stock, valued at $4,430,702.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 190,175 shares of company stock valued at $17,130,236. 4.40% of the stock is owned by company insiders.

Shares of SITE stock opened at $90.47 on Wednesday. The firm has a market cap of $3.65 billion, a price-to-earnings ratio of 74.45 and a beta of 1.40. The company has a quick ratio of 1.23, a current ratio of 2.69 and a debt-to-equity ratio of 2.15. SiteOne Landscape Supply Inc has a 1-year low of $48.52 and a 1-year high of $95.49.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, August 1st. The industrial products company reported $1.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.55 by ($0.07). The company had revenue of $687.80 million for the quarter, compared to analyst estimates of $689.21 million. SiteOne Landscape Supply had a return on equity of 28.71% and a net margin of 3.39%. SiteOne Landscape Supply’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.07 earnings per share. equities analysts forecast that SiteOne Landscape Supply Inc will post 2.03 earnings per share for the current fiscal year.

Several equities research analysts recently issued reports on SITE shares. ValuEngine raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. Zacks Investment Research downgraded shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research note on Thursday, July 19th. TheStreet raised shares of SiteOne Landscape Supply from a “c” rating to a “b-” rating in a research note on Thursday, August 9th. Barclays lifted their price target on shares of SiteOne Landscape Supply from $67.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, August 1st. Finally, Royal Bank of Canada set a $105.00 price objective on shares of SiteOne Landscape Supply and gave the stock a “buy” rating in a report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $79.29.

SiteOne Landscape Supply 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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