Gilder Gagnon Howe & Co. LLC Has $21.19 Million Stake in SiteOne Landscape Supply, Inc. (SITE)

Gilder Gagnon Howe & Co. LLC reduced its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 2.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 364,675 shares of the industrial products company’s stock after selling 8,823 shares during the period. Gilder Gagnon Howe & Co. LLC owned 0.92% of SiteOne Landscape Supply worth $21,188,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Ameritas Investment Partners Inc. lifted its holdings in shares of SiteOne Landscape Supply by 223.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,937 shares of the industrial products company’s stock worth $153,000 after buying an additional 2,030 shares during the period. Advisor Group Inc. lifted its holdings in shares of SiteOne Landscape Supply by 156.6% in the 2nd quarter. Advisor Group Inc. now owns 3,192 shares of the industrial products company’s stock worth $165,000 after buying an additional 1,948 shares during the period. Prudential Financial Inc. purchased a new stake in shares of SiteOne Landscape Supply in the 3rd quarter worth $205,000. Great West Life Assurance Co. Can lifted its holdings in shares of SiteOne Landscape Supply by 191.5% in the 2nd quarter. Great West Life Assurance Co. Can now owns 3,789 shares of the industrial products company’s stock worth $197,000 after buying an additional 2,489 shares during the period. Finally, Amalgamated Bank purchased a new stake in shares of SiteOne Landscape Supply in the 2nd quarter worth $201,000.

Shares of SiteOne Landscape Supply, Inc. (SITE) traded up $1.91 during mid-day trading on Tuesday, hitting $68.64. The stock had a trading volume of 468,900 shares, compared to its average volume of 432,159. The company has a quick ratio of 1.21, a current ratio of 2.69 and a debt-to-equity ratio of 2.35. The firm has a market capitalization of $2,730.00 and a price-to-earnings ratio of 61.79. SiteOne Landscape Supply, Inc. has a fifty-two week low of $30.87 and a fifty-two week high of $68.93.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.14). The firm had revenue of $502.40 million during the quarter, compared to analyst estimates of $506.28 million. SiteOne Landscape Supply had a net margin of 2.49% and a return on equity of 26.42%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.36 earnings per share. equities analysts expect that SiteOne Landscape Supply, Inc. will post 1.23 earnings per share for the current year.

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Several research analysts have recently commented on SITE shares. Deutsche Bank AG reissued a “buy” rating and issued a $60.00 price target (up from $55.00) on shares of SiteOne Landscape Supply in a research report on Thursday, August 10th. Zacks Investment Research lowered SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Royal Bank Of Canada reissued a “buy” rating and issued a $63.00 price target on shares of SiteOne Landscape Supply in a research report on Friday, August 11th. BidaskClub raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Finally, SunTrust Banks, Inc. boosted their price target on SiteOne Landscape Supply to $70.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $66.00.

SiteOne Landscape Supply 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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