10,771 Shares in SiteOne Landscape Supply Inc (SITE) Acquired by Comerica Bank

Comerica Bank bought a new stake in SiteOne Landscape Supply Inc (NYSE:SITE) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,771 shares of the industrial products company’s stock, valued at approximately $676,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. bought a new stake in shares of SiteOne Landscape Supply in the second quarter worth $211,293,000. FMR LLC grew its holdings in SiteOne Landscape Supply by 288.4% during the second quarter. FMR LLC now owns 2,017,984 shares of the industrial products company’s stock valued at $105,056,000 after purchasing an additional 1,498,436 shares during the period. BlackRock Inc. grew its holdings in SiteOne Landscape Supply by 126.1% during the second quarter. BlackRock Inc. now owns 2,013,656 shares of the industrial products company’s stock valued at $104,833,000 after purchasing an additional 1,123,148 shares during the period. Alliancebernstein L.P. grew its holdings in SiteOne Landscape Supply by 224.3% during the second quarter. Alliancebernstein L.P. now owns 1,459,460 shares of the industrial products company’s stock valued at $75,979,000 after purchasing an additional 1,009,392 shares during the period. Finally, Vanguard Group Inc. grew its holdings in SiteOne Landscape Supply by 58.4% during the second quarter. Vanguard Group Inc. now owns 2,618,729 shares of the industrial products company’s stock valued at $136,330,000 after purchasing an additional 965,336 shares during the period.

SiteOne Landscape Supply Inc (NYSE SITE) traded down $1.21 during trading on Friday, reaching $69.80. The company’s stock had a trading volume of 148,800 shares, compared to its average volume of 424,191. SiteOne Landscape Supply Inc has a one year low of $31.52 and a one year high of $75.66. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.21 and a current ratio of 2.69. The stock has a market capitalization of $2,823.92, a price-to-earnings ratio of 65.75 and a beta of 2.64.

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

In related news, EVP Ross Anker sold 17,113 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $71.75, for a total value of $1,227,857.75. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO John T. Guthrie sold 20,000 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $70.91, for a total transaction of $1,418,200.00. Following the completion of the transaction, the chief financial officer now directly owns 57,854 shares in the company, valued at $4,102,427.14. The disclosure for this sale can be found here. Insiders have sold a total of 94,887 shares of company stock worth $6,704,265 over the last ninety days. 4.00% of the stock is owned by insiders.

A number of equities research analysts recently commented on SITE shares. SunTrust Banks boosted their target price on SiteOne Landscape Supply to $70.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research cut SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Royal Bank of Canada upped their target price on SiteOne Landscape Supply from $63.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, October 4th. BidaskClub raised SiteOne Landscape Supply from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 21st. Finally, Barclays upped their target price 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. SiteOne Landscape Supply has a consensus rating of “Buy” and a consensus price target of $66.00.

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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.

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

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