SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by Empire Life Investments Inc.

Empire Life Investments Inc. lowered its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 0.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,562 shares of the industrial products company’s stock after selling 388 shares during the quarter. Empire Life Investments Inc. owned 0.10% of SiteOne Landscape Supply worth $6,725,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SITE. Norden Group LLC acquired a new position in SiteOne Landscape Supply in the 1st quarter worth about $283,000. Principal Financial Group Inc. lifted its position in shares of SiteOne Landscape Supply by 16.8% in the first quarter. Principal Financial Group Inc. now owns 3,972 shares of the industrial products company’s stock valued at $693,000 after acquiring an additional 571 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of SiteOne Landscape Supply by 36.5% in the first quarter. Van ECK Associates Corp now owns 15,089 shares of the industrial products company’s stock worth $2,634,000 after acquiring an additional 4,036 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in SiteOne Landscape Supply by 3.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 35,785 shares of the industrial products company’s stock valued at $6,246,000 after purchasing an additional 1,084 shares in the last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in SiteOne Landscape Supply during the 1st quarter worth $133,000.

Analysts Set New Price Targets

A number of research firms recently weighed in on SITE. Royal Bank of Canada lowered their price target on shares of SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 1st. StockNews.com cut shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research note on Saturday, August 10th. Robert W. Baird raised their price target on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. The Goldman Sachs Group began coverage on SiteOne Landscape Supply in a research report on Thursday, October 10th. They issued a “neutral” rating and a $158.00 target price on the stock. Finally, Jefferies Financial Group reduced their price objective on shares of SiteOne Landscape Supply from $160.00 to $125.00 and set a “hold” rating on the stock in a report on Thursday, July 11th. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $147.80.

Insider Activity at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 878 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $129.04, for a total value of $113,297.12. Following the completion of the transaction, the director now directly owns 11,267 shares in the company, valued at approximately $1,453,893.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.70% of the company’s stock.

SiteOne Landscape Supply Price Performance

Shares of NYSE SITE opened at $141.96 on Friday. The stock has a fifty day moving average price of $143.39 and a 200 day moving average price of $141.74. SiteOne Landscape Supply, Inc. has a 1-year low of $114.60 and a 1-year high of $188.01. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.10. The company has a market cap of $6.41 billion, a PE ratio of 45.94 and a beta of 1.53.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, October 30th. The industrial products company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.21). SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the business posted $1.25 EPS. The firm’s revenue was up 5.6% on a year-over-year basis. Sell-side analysts forecast that SiteOne Landscape Supply, Inc. will post 3.21 EPS for the current year.

SiteOne Landscape Supply 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.