CANADA LIFE ASSURANCE Co Purchases 547 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

CANADA LIFE ASSURANCE Co increased its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 5.8% in the 4th quarter, Holdings Channel reports. The firm owned 9,940 shares of the industrial products company’s stock after buying an additional 547 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in SiteOne Landscape Supply were worth $1,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trust Co. of Vermont lifted its position in SiteOne Landscape Supply by 657.9% in the fourth quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 250 shares during the period. Tortoise Investment Management LLC raised its stake in SiteOne Landscape Supply by 78.9% during the fourth quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 131 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in SiteOne Landscape Supply during the fourth quarter worth $40,000. Brown Brothers Harriman & Co. raised its stake in SiteOne Landscape Supply by 395.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 342 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 273 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in SiteOne Landscape Supply during the third quarter worth $71,000.

Analyst Ratings Changes

SITE has been the subject of several recent analyst reports. StockNews.com lowered SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research note on Wednesday, April 23rd. Royal Bank of Canada increased their price objective on SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Stifel Nicolaus dropped their price objective on SiteOne Landscape Supply from $145.00 to $126.00 and set a “hold” rating for the company in a research note on Monday. UBS Group lowered their target price on SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Finally, Barclays reduced their price target on shares of SiteOne Landscape Supply from $120.00 to $106.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, SiteOne Landscape Supply currently has an average rating of “Hold” and an average target price of $148.30.

SiteOne Landscape Supply Stock Performance

SITE stock opened at $114.96 on Tuesday. The business’s fifty day moving average is $120.36 and its 200-day moving average is $134.31. 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 company has a market cap of $5.17 billion, a P/E ratio of 42.74 and a beta of 1.62. SiteOne Landscape Supply, Inc. has a twelve month low of $101.25 and a twelve month high of $165.97.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly 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 net margin of 2.72% and a return on equity of 7.93%. Equities research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

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.