SiteOne Landscape Supply Inc (SITE) Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its stake in SiteOne Landscape Supply Inc (NYSE:SITE) by 44.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,125 shares of the industrial products company’s stock after purchasing an additional 2,810 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in SiteOne Landscape Supply were worth $504,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Conestoga Capital Advisors LLC raised its holdings in SiteOne Landscape Supply by 4.6% during the 4th quarter. Conestoga Capital Advisors LLC now owns 972,751 shares of the industrial products company’s stock worth $53,764,000 after purchasing an additional 42,645 shares during the last quarter. AMI Asset Management Corp raised its holdings in SiteOne Landscape Supply by 1.9% during the 4th quarter. AMI Asset Management Corp now owns 141,292 shares of the industrial products company’s stock worth $7,809,000 after purchasing an additional 2,693 shares during the last quarter. Pembroke Management LTD raised its holdings in SiteOne Landscape Supply by 11.1% during the 4th quarter. Pembroke Management LTD now owns 194,400 shares of the industrial products company’s stock worth $10,744,000 after purchasing an additional 19,420 shares during the last quarter. BB&T Corp raised its holdings in SiteOne Landscape Supply by 9.8% during the 4th quarter. BB&T Corp now owns 6,668 shares of the industrial products company’s stock worth $369,000 after purchasing an additional 596 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in SiteOne Landscape Supply by 108.0% during the 4th quarter. Bank of Montreal Can now owns 570 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 296 shares during the last quarter.

In related news, CEO Doug Black sold 12,000 shares of SiteOne Landscape Supply stock in a transaction on Wednesday, November 21st. The shares were sold at an average price of $58.12, for a total value of $697,440.00. Following the completion of the sale, the chief executive officer now owns 398,228 shares of the company’s stock, valued at approximately $23,145,011.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP L Briley Brisendine, Jr. sold 2,700 shares of SiteOne Landscape Supply stock in a transaction on Friday, December 28th. The shares were sold at an average price of $55.62, for a total transaction of $150,174.00. The disclosure for this sale can be found here. Insiders sold a total of 67,100 shares of company stock valued at $3,786,790 in the last quarter. 4.40% of the stock is currently owned by company insiders.

NYSE:SITE opened at $54.41 on Wednesday. The firm has a market capitalization of $2.19 billion, a PE ratio of 44.97 and a beta of 1.06. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.72 and a quick ratio of 1.29. SiteOne Landscape Supply Inc has a twelve month low of $45.32 and a twelve month high of $95.49.

SITE has been the subject of several research analyst reports. Royal Bank of Canada set a $88.00 price objective on shares of SiteOne Landscape Supply and gave the company a “buy” rating in a research note on Thursday, November 1st. They noted that the move was a valuation call. Deutsche Bank lowered their price objective on shares of SiteOne Landscape Supply from $90.00 to $81.00 and set a “buy” rating for the company in a research note on Thursday, November 1st. SunTrust Banks lowered their price objective on shares of SiteOne Landscape Supply to $79.00 and set a “buy” rating for the company in a research note on Monday, November 5th. TheStreet lowered shares of SiteOne Landscape Supply from a “b-” rating to a “c” rating in a research note on Monday, November 12th. Finally, Barclays set a $61.00 price objective on shares of SiteOne Landscape Supply and gave the company a “hold” rating in a research note on Wednesday, December 12th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $75.56.

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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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