Empire Life Investments Inc. Boosts Stock Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Empire Life Investments Inc. increased its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 11.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 49,749 shares of the industrial products company’s stock after buying an additional 5,187 shares during the period. Empire Life Investments Inc. owned 0.11% of SiteOne Landscape Supply worth $6,555,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bamco Inc. NY boosted its stake in SiteOne Landscape Supply by 8.9% during the 3rd quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company’s stock valued at $238,489,000 after purchasing an additional 129,252 shares during the last quarter. Wasatch Advisors LP boosted its stake in SiteOne Landscape Supply by 11.4% during the 3rd quarter. Wasatch Advisors LP now owns 1,577,651 shares of the industrial products company’s stock valued at $238,083,000 after purchasing an additional 161,846 shares during the last quarter. Conestoga Capital Advisors LLC boosted its stake in SiteOne Landscape Supply by 2.7% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,167,454 shares of the industrial products company’s stock valued at $153,835,000 after purchasing an additional 30,725 shares during the last quarter. Geode Capital Management LLC boosted its stake in SiteOne Landscape Supply by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 717,975 shares of the industrial products company’s stock valued at $108,381,000 after purchasing an additional 3,434 shares during the last quarter. Finally, Geneva Capital Management LLC boosted its stake in SiteOne Landscape Supply by 1.5% during the 3rd quarter. Geneva Capital Management LLC now owns 626,101 shares of the industrial products company’s stock valued at $94,485,000 after purchasing an additional 9,209 shares during the last quarter.

Insider Activity

In other news, EVP Joseph Ketter sold 6,500 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $142.20, for a total value of $924,300.00. Following the transaction, the executive vice president now directly owns 12,942 shares in the company, valued at $1,840,352.40. The trade was a 33.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.70% of the company’s stock.

SiteOne Landscape Supply Price Performance

Shares of SiteOne Landscape Supply stock opened at $146.21 on Friday. SiteOne Landscape Supply, Inc. has a one year low of $114.60 and a one year high of $188.01. The stock’s fifty day moving average is $138.17 and its 200 day moving average is $141.45. The stock has a market cap of $6.60 billion, a P/E ratio of 47.32 and a beta of 1.57. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53.

SiteOne Landscape Supply (NYSE:SITE) last announced its earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) EPS 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%. Sell-side analysts anticipate that SiteOne Landscape Supply, Inc. will post 2.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. StockNews.com downgraded SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research note on Thursday. Royal Bank of Canada increased their price target on SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a report on Thursday. Robert W. Baird lowered their price target on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a report on Thursday. Stifel Nicolaus reissued a “hold” rating and set a $140.00 price target (down from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. Finally, UBS Group lowered their price target on SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating on the stock in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, SiteOne Landscape Supply currently has an average rating of “Hold” and an average target price 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.