Ameritas Investment Partners Inc. Increases Holdings in SiteOne Landscape Supply, Inc. (SITE)

Ameritas Investment Partners Inc. boosted its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 223.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,937 shares of the industrial products company’s stock after acquiring an additional 2,030 shares during the period. Ameritas Investment Partners Inc.’s holdings in SiteOne Landscape Supply were worth $153,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Janus Henderson Group PLC bought a new stake in SiteOne Landscape Supply in the second quarter worth about $11,758,000. Schwab Charles Investment Management Inc. raised its position 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 worth $7,692,000 after acquiring an additional 60,473 shares during the period. JPMorgan Chase & Co. raised its position in SiteOne Landscape Supply by 4.2% in the first quarter. JPMorgan Chase & Co. now owns 16,867 shares of the industrial products company’s stock worth $817,000 after acquiring an additional 683 shares during the period. FMR LLC raised its position 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 worth $105,056,000 after acquiring an additional 1,498,436 shares during the period. Finally, Northern Trust Corp raised its position 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 worth $22,583,000 after acquiring an additional 231,495 shares during the period.

Shares of SiteOne Landscape Supply, Inc. (NYSE SITE) opened at $63.58 on Friday. The company has a current ratio of 2.44, a quick ratio of 1.06 and a debt-to-equity ratio of 2.58. The stock has a market cap of $2,526.67, a PE ratio of 61.73 and a beta of 2.31.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results on Wednesday, August 9th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.04). SiteOne Landscape Supply had a net margin of 2.46% and a return on equity of 27.37%. The business had revenue of $608.60 million during the quarter, compared to the consensus estimate of $607.94 million. During the same period last year, the firm earned ($3.18) EPS. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. equities analysts anticipate that SiteOne Landscape Supply, Inc. will post 1.39 earnings per share for the current fiscal year.

SITE has been the topic of several research reports. Royal Bank Of Canada lifted their price objective on shares of SiteOne Landscape Supply from $63.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 4th. BidaskClub raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Deutsche Bank AG reissued a “buy” rating and issued a $60.00 price target (up previously from $55.00) on shares of SiteOne Landscape Supply in a research report on Thursday, August 10th. Finally, Zacks Investment Research lowered shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $57.33.

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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.

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

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