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

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have earned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $159.4444.

A number of equities analysts have issued reports on SITE shares. Barclays increased their target price on SiteOne Landscape Supply from $134.00 to $150.00 and gave the stock an “equal weight” rating in a report on Thursday, February 12th. Weiss Ratings restated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a report on Wednesday, January 21st. Bank of America started coverage on SiteOne Landscape Supply in a research report on Thursday, December 18th. They set a “buy” rating and a $147.00 price objective for the company. Robert W. Baird set a $190.00 target price on SiteOne Landscape Supply in a research report on Thursday, February 12th. Finally, Stifel Nicolaus set a $144.00 target price on SiteOne Landscape Supply in a research note on Monday, February 9th.

Insider Buying and Selling at SiteOne Landscape Supply

In other news, EVP Eric J. Elema sold 1,765 shares of SiteOne Landscape Supply stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $158.01, for a total value of $278,887.65. Following the sale, the executive vice president directly owned 2,911 shares in the company, valued at $459,967.11. This trade represents a 37.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Wasatch Advisors LP grew its position in SiteOne Landscape Supply by 11.4% in the third quarter. Wasatch Advisors LP now owns 2,177,446 shares of the industrial products company’s stock valued at $280,455,000 after purchasing an additional 222,959 shares in the last quarter. Bamco Inc. NY lifted its position in SiteOne Landscape Supply by 3.1% during the 4th quarter. Bamco Inc. NY now owns 2,028,366 shares of the industrial products company’s stock worth $252,653,000 after buying an additional 61,490 shares in the last quarter. 59 North Capital Management LP acquired a new position in shares of SiteOne Landscape Supply during the 3rd quarter worth about $214,417,000. Capital World Investors grew its holdings in shares of SiteOne Landscape Supply by 37.9% in the 4th quarter. Capital World Investors now owns 1,402,337 shares of the industrial products company’s stock valued at $174,675,000 after acquiring an additional 385,666 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of SiteOne Landscape Supply by 1.7% in the 2nd quarter. State Street Corp now owns 777,354 shares of the industrial products company’s stock valued at $94,013,000 after acquiring an additional 12,766 shares in the last quarter.

SiteOne Landscape Supply Stock Up 0.1%

SiteOne Landscape Supply stock opened at $130.57 on Monday. The company has a 50 day moving average of $142.72 and a 200-day moving average of $134.05. The company has a quick ratio of 1.20, a current ratio of 2.47 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 $168.56. The stock has a market capitalization of $5.80 billion, a PE ratio of 38.86, a price-to-earnings-growth ratio of 1.69 and a beta of 1.59.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, February 11th. The industrial products company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.09. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. SiteOne Landscape Supply had a net margin of 3.23% and a return on equity of 9.28%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the business posted ($0.48) earnings per share. On average, equities research analysts anticipate that SiteOne Landscape Supply will post 3.61 EPS for the current fiscal year.

About SiteOne Landscape Supply

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.