Ameriprise Financial Inc. increased its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 40.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 186,434 shares of the industrial products company’s stock after acquiring an additional 53,987 shares during the period. Ameriprise Financial Inc. owned approximately 0.47% of SiteOne Landscape Supply worth $9,703,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in SITE. Great West Life Assurance Co. Can grew its holdings in SiteOne Landscape Supply by 191.5% during the second quarter. Great West Life Assurance Co. Can now owns 3,789 shares of the industrial products company’s stock worth $197,000 after acquiring an additional 2,489 shares during the period. DF Dent & Co. Inc. acquired a new position in SiteOne Landscape Supply during the first quarter worth about $218,000. BNP Paribas Arbitrage SA grew its holdings in SiteOne Landscape Supply by 1,167.2% during the second 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 period. Atria Investments LLC acquired a new position in SiteOne Landscape Supply during the second quarter worth about $260,000. Finally, UBS Group AG grew its holdings in SiteOne Landscape Supply by 456.8% during the first quarter. UBS Group AG now owns 6,125 shares of the industrial products company’s stock worth $297,000 after acquiring an additional 5,025 shares during the period.
SiteOne Landscape Supply, Inc. (NYSE SITE) opened at 62.80 on Friday. SiteOne Landscape Supply, Inc. has a 52-week low of $26.60 and a 52-week high of $63.09. The company has a 50 day moving average price of $55.14 and a 200-day moving average price of $51.63. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 58.69 and a beta of 2.26.
SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $607.94 million. SiteOne Landscape Supply had a net margin of 2.46% and a return on equity of 27.37%. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($3.18) EPS. Equities research analysts anticipate that SiteOne Landscape Supply, Inc. will post $1.31 EPS for the current year.
TRADEMARK VIOLATION NOTICE: “SiteOne Landscape Supply, Inc. (SITE) Shares Bought by Ameriprise Financial Inc.” was first published by Stock Observer and is owned by of Stock Observer. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://www.thestockobserver.com/2017/10/13/siteone-landscape-supply-inc-site-shares-bought-by-ameriprise-financial-inc.html.
A number of research analysts recently issued reports on SITE shares. Deutsche Bank AG reaffirmed a “buy” rating and set a $60.00 target price (up from $55.00) on shares of SiteOne Landscape Supply in a report on Thursday, August 10th. Royal Bank Of Canada lifted their target price on SiteOne Landscape Supply from $63.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, October 4th. Zacks Investment Research lowered SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Finally, BidaskClub raised SiteOne Landscape Supply from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus 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.
Want to see what other hedge funds are holding SITE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SiteOne Landscape Supply, Inc. (NYSE:SITE).
Receive News & Ratings for SiteOne Landscape Supply Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SiteOne Landscape Supply Inc. and related companies with MarketBeat.com's FREE daily email newsletter.