Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of SiteOne Landscape Supply Inc (NYSE:SITE) by 2.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 184,320 shares of the industrial products company’s stock after buying an additional 4,120 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.46% of SiteOne Landscape Supply worth $10,709,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Teachers Advisors LLC raised its position in SiteOne Landscape Supply by 3.4% during the first quarter. Teachers Advisors LLC now owns 19,515 shares of the industrial products company’s stock valued at $945,000 after purchasing an additional 633 shares during the period. Schwab Charles Investment Management Inc. raised its position in SiteOne Landscape Supply by 71.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 87,278 shares of the industrial products company’s stock valued at $4,226,000 after purchasing an additional 36,383 shares during the period. Bank of America Corp DE raised its position in SiteOne Landscape Supply by 24.0% during the first quarter. Bank of America Corp DE now owns 11,811 shares of the industrial products company’s stock valued at $572,000 after purchasing an additional 2,284 shares during the period. Aperio Group LLC purchased a new stake in SiteOne Landscape Supply during the second quarter valued at approximately $623,000. Finally, Russell Investments Group Ltd. purchased a new stake in SiteOne Landscape Supply during the second quarter valued at approximately $5,555,000.

SITE has been the topic of a number of recent research reports. SunTrust Banks upped their price objective on SiteOne Landscape Supply to $70.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. UBS upped their price objective on SiteOne Landscape Supply from $54.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Royal Bank Of Canada restated a “buy” rating and set a $63.00 price objective on shares of SiteOne Landscape Supply in a research report on Monday, September 18th. BidaskClub upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Finally, Barclays upped their price objective on SiteOne Landscape Supply from $48.00 to $56.00 and gave the company an “equal weight” rating in a research report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. SiteOne Landscape Supply presently has an average rating of “Buy” and an average target price of $66.00.

In other news, VP Joseph Ketter sold 2,500 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $71.67, for a total value of $179,175.00. Following the sale, the vice president now directly owns 7,716 shares in the company, valued at $553,005.72. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO John T. Guthrie sold 20,000 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $70.91, for a total value of $1,418,200.00. Following the transaction, 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. Over the last quarter, insiders sold 94,887 shares of company stock worth $6,704,265. Company insiders own 4.00% of the company’s stock.

Shares of SiteOne Landscape Supply Inc (NYSE SITE) traded down $0.19 during midday trading on Monday, hitting $70.78. The stock had a trading volume of 245,200 shares, compared to its average volume of 427,689. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.21 and a current ratio of 2.69. SiteOne Landscape Supply Inc has a 12-month low of $31.52 and a 12-month high of $75.66. The stock has a market capitalization of $2,814.77, a P/E ratio of 65.54 and a beta of 2.64.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly 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 business had revenue of $502.40 million during the quarter, compared to analysts’ expectations 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. research analysts expect that SiteOne Landscape Supply Inc will post 1.23 EPS for the current year.

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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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