SiteOne Landscape Supply, Inc. (NYSE:SITE) Given Consensus Rating of “Hold” by Brokerages

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have been assigned a consensus rating of “Hold” from the thirteen analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $150.10.

SITE has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 21st. William Blair reaffirmed a “market perform” rating on shares of SiteOne Landscape Supply in a report on Wednesday, October 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, January 21st. The Goldman Sachs Group reduced their target price on SiteOne Landscape Supply from $158.00 to $138.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Finally, Barclays set a $134.00 price target on SiteOne Landscape Supply and gave the stock an “equal weight” rating in a research note on Monday, December 8th.

Institutional Trading of SiteOne Landscape Supply

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wasatch Advisors LP increased its stake in shares of SiteOne Landscape Supply by 11.4% during the third quarter. Wasatch Advisors LP now owns 2,177,446 shares of the industrial products company’s stock worth $280,455,000 after acquiring an additional 222,959 shares during the period. Bamco Inc. NY boosted its holdings in SiteOne Landscape Supply by 1.3% in the 3rd quarter. Bamco Inc. NY now owns 1,966,876 shares of the industrial products company’s stock valued at $253,334,000 after purchasing an additional 25,059 shares in the last quarter. 59 North Capital Management LP acquired a new position in SiteOne Landscape Supply during the 3rd quarter worth approximately $214,417,000. Capital World Investors raised its stake in shares of SiteOne Landscape Supply by 3.3% during the 3rd quarter. Capital World Investors now owns 1,016,671 shares of the industrial products company’s stock worth $130,947,000 after buying an additional 32,682 shares in the last quarter. Finally, State Street Corp raised its stake in shares of SiteOne Landscape Supply by 1.7% during the 2nd quarter. State Street Corp now owns 777,354 shares of the industrial products company’s stock worth $94,013,000 after buying an additional 12,766 shares in the last quarter.

SiteOne Landscape Supply Stock Up 1.3%

SITE stock opened at $150.00 on Friday. The stock has a market cap of $6.68 billion, a P/E ratio of 48.70, a PEG ratio of 1.58 and a beta of 1.59. The company has a current ratio of 2.49, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29. SiteOne Landscape Supply has a twelve month low of $101.25 and a twelve month high of $154.00. The company’s 50 day moving average is $136.10 and its two-hundred day moving average is $133.81.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.