AGF Investments Inc. Purchases Shares of 50,000 SiteOne Landscape Supply Inc (SITE)

AGF Investments Inc. purchased a new stake in SiteOne Landscape Supply Inc (NYSE:SITE) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 50,000 shares of the industrial products company’s stock, valued at approximately $3,835,000.

Several other hedge funds also recently modified their holdings of the stock. California Public Employees Retirement System acquired a new position in SiteOne Landscape Supply during the fourth quarter valued at approximately $1,192,000. Teacher Retirement System of Texas acquired a new position in SiteOne Landscape Supply during the fourth quarter valued at approximately $1,034,000. American Century Companies Inc. raised its position in SiteOne Landscape Supply by 4.2% during the fourth quarter. American Century Companies Inc. now owns 155,879 shares of the industrial products company’s stock valued at $11,956,000 after purchasing an additional 6,325 shares in the last quarter. Comerica Bank raised its position in SiteOne Landscape Supply by 33.7% during the fourth quarter. Comerica Bank now owns 14,404 shares of the industrial products company’s stock valued at $1,057,000 after purchasing an additional 3,633 shares in the last quarter. Finally, CIBC World Markets Inc. acquired a new position in SiteOne Landscape Supply during the fourth quarter valued at approximately $316,000.

Several research analysts have commented on the stock. Royal Bank of Canada set a $85.00 price objective on shares of SiteOne Landscape Supply and gave the company a “buy” rating in a research report on Wednesday. William Blair upgraded shares of SiteOne Landscape Supply from a “market perform” rating to an “outperform” rating in a research report on Friday, January 26th. UBS Group downgraded shares of SiteOne Landscape Supply from a “neutral” rating to a “sell” rating and set a $72.00 price objective for the company. in a research report on Monday, January 22nd. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. Finally, Barclays set a $65.00 price objective on shares of SiteOne Landscape Supply and gave the company a “hold” rating in a research report on Monday, January 8th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $71.00.

SiteOne Landscape Supply Inc (NYSE:SITE) opened at $77.04 on Thursday. The stock has a market cap of $2,963.10, a price-to-earnings ratio of 71.33 and a beta of 1.42. 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 1-year low of $38.19 and a 1-year high of $79.51.

In other news, CFO John T. Guthrie sold 20,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 57,854 shares in the company, valued at $4,102,427.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ross Anker sold 41,824 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $69.09, for a total transaction of $2,889,620.16. Following the transaction, the executive vice president now owns 88,881 shares of the company’s stock, valued at $6,140,788.29. The disclosure for this sale can be found here. Insiders have sold 100,967 shares of company stock valued at $7,138,256 over the last quarter. Company insiders own 4.00% of the company’s stock.

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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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