Empire Life Investments Inc. Buys 5,187 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Empire Life Investments Inc. boosted its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 11.6% during the 4th quarter, HoldingsChannel reports. The fund owned 49,749 shares of the industrial products company’s stock after purchasing an additional 5,187 shares during the period. Empire Life Investments Inc.’s holdings in SiteOne Landscape Supply were worth $6,555,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. increased its stake in SiteOne Landscape Supply by 90.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 100 shares during the last quarter. Blue Trust Inc. grew its stake in shares of SiteOne Landscape Supply by 287.7% during the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock valued at $38,000 after buying an additional 187 shares during the last quarter. Trust Co. of Vermont grew its stake in shares of SiteOne Landscape Supply by 657.9% during the fourth quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company’s stock valued at $38,000 after buying an additional 250 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of SiteOne Landscape Supply during the third quarter valued at approximately $71,000. Finally, Eagle Bay Advisors LLC grew its stake in shares of SiteOne Landscape Supply by 126.9% during the third quarter. Eagle Bay Advisors LLC now owns 497 shares of the industrial products company’s stock valued at $75,000 after buying an additional 278 shares during the last quarter.

Insiders Place Their Bets

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $142.20, for a total transaction of $924,300.00. Following the completion of the sale, the executive vice president now owns 12,942 shares in the company, valued at $1,840,352.40. This represents a 33.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is owned by company insiders.

SiteOne Landscape Supply Stock Up 3.6 %

SiteOne Landscape Supply stock opened at $146.21 on Friday. The business has a fifty day moving average of $138.17 and a two-hundred day moving average of $141.45. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. The firm has a market cap of $6.60 billion, a P/E ratio of 47.32 and a beta of 1.57. SiteOne Landscape Supply, Inc. has a twelve month low of $114.60 and a twelve month high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.22). SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. On average, analysts forecast that SiteOne Landscape Supply, Inc. will post 2.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $140.00 target price (down previously from $145.00) on shares of SiteOne Landscape Supply in a research note on Monday, February 10th. UBS Group cut their target price on SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating on the stock in a research note on Thursday. Barclays upped their target price on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a research note on Thursday, October 31st. StockNews.com lowered SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and boosted their price target for the company from $145.00 to $175.00 in a report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, SiteOne Landscape Supply currently has a consensus rating of “Hold” and an average price target of $154.56.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply, Inc, together with its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation products, including controllers, valves, sprinkler heads, irrigation pipes, micro irrigation, and drip products; fertilizer, grass seed, and ice melt products; control products, such as herbicides, fungicides, rodenticides, and other pesticides; landscape accessories that include mulches, soil amendments, drainage pipes, tools, and sods; nursery goods, which consist of deciduous and evergreen shrubs, ornamental, shade, evergreen trees, field grown and container-grown nursery stock, roses, perennials, annuals, bulbs, and plant species and cultivars; hardscapes, such as pavers, natural stones, blocks, and other durable materials; and outdoor lighting products that include lighting fixtures, LED lamps, wires, transformers, and accessories.