SiteOne Landscape Supply, Inc. (NYSE:SITE) Holdings Decreased by Empire Life Investments Inc.

Empire Life Investments Inc. lowered its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,562 shares of the industrial products company’s stock after selling 388 shares during the quarter. Empire Life Investments Inc.’s holdings in SiteOne Landscape Supply were worth $6,725,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of SiteOne Landscape Supply by 0.6% in the first quarter. Vanguard Group Inc. now owns 4,158,085 shares of the industrial products company’s stock valued at $725,794,000 after acquiring an additional 23,362 shares in the last quarter. Conestoga Capital Advisors LLC boosted its position in shares of SiteOne Landscape Supply by 2.5% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,141,624 shares of the industrial products company’s stock valued at $138,605,000 after purchasing an additional 28,265 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of SiteOne Landscape Supply by 10.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 568,349 shares of the industrial products company’s stock worth $69,007,000 after purchasing an additional 53,131 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of SiteOne Landscape Supply by 49.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 479,581 shares of the industrial products company’s stock worth $58,226,000 after purchasing an additional 158,350 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in SiteOne Landscape Supply by 44.3% during the second quarter. American Century Companies Inc. now owns 360,079 shares of the industrial products company’s stock valued at $43,717,000 after purchasing an additional 110,589 shares during the last quarter.

Insider Buying and Selling at SiteOne Landscape Supply

In related news, Director Fred M. Diaz sold 878 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $129.04, for a total transaction of $113,297.12. Following the transaction, the director now owns 11,267 shares of the company’s stock, valued at approximately $1,453,893.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.70% of the company’s stock.

SiteOne Landscape Supply Stock Performance

SITE stock opened at $141.96 on Friday. The firm has a 50 day simple moving average of $143.39 and a 200 day simple moving average of $141.74. SiteOne Landscape Supply, Inc. has a 52 week low of $114.60 and a 52 week high of $188.01. The stock has a market cap of $6.41 billion, a P/E ratio of 45.94 and a beta of 1.53. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.10 and a current ratio of 2.53.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly 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 net margin of 3.16% and a return on equity of 9.21%. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the firm earned $1.25 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis. Research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on SITE. StockNews.com cut SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. The Goldman Sachs Group started coverage on SiteOne Landscape Supply in a research report on Thursday, October 10th. They set a “neutral” rating and a $158.00 target price on the stock. Stifel Nicolaus lowered SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price target for the company. in a research report on Thursday, August 1st. UBS Group cut their price objective on SiteOne Landscape Supply from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Finally, Truist Financial raised their target price on shares of SiteOne Landscape Supply from $158.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $147.80.

About SiteOne Landscape Supply

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.