Brown Advisory Inc. Has $38.70 Million Position in SiteOne Landscape Supply, Inc. (SITE)

Brown Advisory Inc. increased its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 5.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 666,084 shares of the industrial products company’s stock after purchasing an additional 35,916 shares during the period. Brown Advisory Inc. owned approximately 1.67% of SiteOne Landscape Supply worth $38,699,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameritas Investment Partners Inc. raised its holdings in SiteOne Landscape Supply by 223.8% during the second quarter. Ameritas Investment Partners Inc. now owns 2,937 shares of the industrial products company’s stock worth $153,000 after purchasing an additional 2,030 shares in the last quarter. Advisor Group Inc. raised its holdings in SiteOne Landscape Supply by 156.6% during the second quarter. Advisor Group Inc. now owns 3,192 shares of the industrial products company’s stock worth $165,000 after purchasing an additional 1,948 shares in the last quarter. Prudential Financial Inc. purchased a new position in SiteOne Landscape Supply during the third quarter worth about $205,000. Great West Life Assurance Co. Can raised 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 purchasing an additional 2,489 shares in the last quarter. Finally, Amalgamated Bank purchased a new position in SiteOne Landscape Supply during the second quarter worth about $201,000.

Several research analysts recently issued reports on the stock. Royal Bank Of Canada reissued a “buy” rating and set a $63.00 price target on shares of SiteOne Landscape Supply in a report on Monday, September 18th. BidaskClub upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Barclays upped their target price on shares of SiteOne Landscape Supply from $48.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 9th. Robert W. Baird upped their target price on shares of SiteOne Landscape Supply from $58.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, November 9th. Finally, SunTrust Banks upped their target price on shares of SiteOne Landscape Supply to $70.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $66.00.

In other news, EVP Ross Anker sold 41,824 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $69.09, for a total value of $2,889,620.16. Following the sale, the executive vice president now directly owns 88,881 shares in the company, valued at $6,140,788.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John T. Guthrie sold 20,000 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer now 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 94,887 shares of company stock worth $6,704,265 over the last 90 days. 4.00% of the stock is currently owned by company insiders.

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) traded up $0.22 on Friday, reaching $75.00. 409,776 shares of the company’s stock traded hands, compared to its average volume of 390,032. The company has a quick ratio of 1.21, a current ratio of 2.69 and a debt-to-equity ratio of 2.35. SiteOne Landscape Supply, Inc. has a one year low of $30.87 and a one year high of $75.52. The firm has a market capitalization of $2,973.84, a price-to-earnings ratio of 69.24 and a beta of 2.61.

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

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About SiteOne Landscape Supply

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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