Stephens Investment Management Group LLC Has $31.99 Million Stake in SiteOne Landscape Supply, Inc. (SITE)

Stephens Investment Management Group LLC lifted its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 13.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 614,407 shares of the industrial products company’s stock after purchasing an additional 74,415 shares during the quarter. Stephens Investment Management Group LLC owned 1.55% of SiteOne Landscape Supply worth $31,986,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Baillie Gifford & Co. bought a new stake in shares of SiteOne Landscape Supply in the 2nd quarter worth about $211,293,000. Alliancebernstein L.P. grew its holdings in shares of SiteOne Landscape Supply by 224.3% in the 2nd quarter. Alliancebernstein L.P. now owns 1,459,460 shares of the industrial products company’s stock worth $75,979,000 after purchasing an additional 1,009,392 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of SiteOne Landscape Supply by 3.4% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,500,102 shares of the industrial products company’s stock worth $78,095,000 after purchasing an additional 49,878 shares during the last quarter. Swiss National Bank grew its holdings in shares of SiteOne Landscape Supply by 58.3% in the 2nd quarter. Swiss National Bank now owns 57,000 shares of the industrial products company’s stock worth $2,967,000 after purchasing an additional 21,000 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new stake in shares of SiteOne Landscape Supply in the 2nd quarter worth about $327,000.

SITE has been the topic of a number of research analyst reports. Johnson Rice initiated coverage on shares of SiteOne Landscape Supply in a report on Monday, May 15th. They set an “accumulate” rating on the stock. Deutsche Bank AG reissued a “buy” rating and set a $60.00 price objective (up previously from $55.00) on shares of SiteOne Landscape Supply in a report on Thursday, August 10th. BidaskClub raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research lowered shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $63.00 price objective on shares of SiteOne Landscape Supply in a report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $54.50.

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) traded up 0.31% during midday trading on Tuesday, reaching $52.26. 19,967 shares of the company’s stock were exchanged. The company’s 50 day moving average is $51.15 and its 200-day moving average is $48.94. SiteOne Landscape Supply, Inc. has a 12 month low of $26.60 and a 12 month high of $53.87. The stock has a market cap of $2.08 billion, a PE ratio of 48.84 and a beta of 2.07.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, August 9th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, missing the Zacks’ 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 quarter in the prior year, the firm earned ($3.18) EPS. The business’s revenue was up 18.5% on a year-over-year basis. Equities analysts forecast that SiteOne Landscape Supply, Inc. will post $1.31 EPS for the current fiscal 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.

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

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