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

Empire Life Investments Inc. increased its stake in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 11.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,749 shares of the industrial products company's stock after purchasing an additional 5,187 shares during the quarter. Empire Life Investments Inc. owned approximately 0.11% of SiteOne Landscape Supply worth $6,555,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Tidal Investments LLC grew its position in shares of SiteOne Landscape Supply by 1.5% in the third quarter. Tidal Investments LLC now owns 5,166 shares of the industrial products company's stock valued at $780,000 after purchasing an additional 77 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in shares of SiteOne Landscape Supply by 90.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 100 shares during the last quarter. Arkadios Wealth Advisors lifted its holdings in shares of SiteOne Landscape Supply by 6.1% during the 3rd quarter. Arkadios Wealth Advisors now owns 1,842 shares of the industrial products company's stock worth $278,000 after acquiring an additional 106 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of SiteOne Landscape Supply by 5.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,131 shares of the industrial products company's stock worth $322,000 after acquiring an additional 113 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its position in SiteOne Landscape Supply by 2.3% during the third quarter. Glenmede Trust Co. NA now owns 5,279 shares of the industrial products company's stock worth $797,000 after purchasing an additional 119 shares during the last quarter.

Insider Transactions at SiteOne Landscape Supply

In other news, EVP Joseph Ketter sold 6,500 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 12,942 shares of the company's stock, valued at approximately $1,840,352.40. This represents a 33.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.60% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SITE. Royal Bank of Canada boosted their price objective on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a "sector perform" rating in a research note on Thursday, February 13th. StockNews.com lowered SiteOne Landscape Supply from a "hold" rating to a "sell" rating in a research note on Thursday, February 13th. UBS Group decreased their target price on SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Stifel Nicolaus reissued a "hold" rating and set a $140.00 target price (down previously from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday, February 10th. Finally, Robert W. Baird reduced their price target on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $154.56.

SiteOne Landscape Supply Stock Down 1.5 %

Shares of NYSE SITE traded down $2.15 during midday trading on Wednesday, reaching $141.25. 366,505 shares of the company's stock were exchanged, compared to its average volume of 375,950. 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, Inc. has a 52-week low of $114.60 and a 52-week high of $188.01. The business's fifty day moving average price is $137.73 and its two-hundred day moving average price is $141.53. The stock has a market capitalization of $6.37 billion, a PE ratio of 52.51 and a beta of 1.57.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.22). SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. Analysts forecast that SiteOne Landscape Supply, Inc. will post 3.51 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.