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

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have been given a consensus recommendation of “Hold” by the twelve ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $160.10.

A number of research firms recently issued reports on SITE. Zacks Research raised SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Robert W. Baird set a $160.00 target price on SiteOne Landscape Supply in a research report on Thursday, April 30th. Bank of America lowered their target price on SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Deutsche Bank Aktiengesellschaft raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a research report on Thursday, April 30th. Finally, Barclays lowered their target price on SiteOne Landscape Supply from $150.00 to $148.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 30th.

SiteOne Landscape Supply Stock Performance

Shares of SiteOne Landscape Supply stock opened at $106.30 on Friday. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 31.54, a price-to-earnings-growth ratio of 1.39 and a beta of 1.35. The stock’s 50-day moving average is $122.67 and its 200-day moving average is $132.45. SiteOne Landscape Supply has a one year low of $100.52 and a one year high of $168.56. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.33 and a quick ratio of 0.96.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.27). The firm had revenue of $940.10 million during the quarter, compared to the consensus estimate of $982.27 million. SiteOne Landscape Supply had a net margin of 3.24% and a return on equity of 9.22%. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.61) earnings per share. Equities analysts predict that SiteOne Landscape Supply will post 4.18 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Fred M. Diaz sold 562 shares of SiteOne Landscape Supply stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $112.52, for a total value of $63,236.24. Following the sale, the director owned 11,267 shares of the company’s stock, valued at approximately $1,267,762.84. The trade was a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On SiteOne Landscape Supply

Institutional investors have recently bought and sold shares of the business. True Wealth Design LLC increased its position in SiteOne Landscape Supply by 541.9% during the fourth quarter. True Wealth Design LLC now owns 199 shares of the industrial products company’s stock worth $25,000 after buying an additional 168 shares during the last quarter. Whittier Trust Co. increased its position in SiteOne Landscape Supply by 72.7% during the first quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock worth $27,000 after buying an additional 88 shares during the last quarter. Rothschild Investment LLC increased its position in SiteOne Landscape Supply by 1,521.4% during the fourth quarter. Rothschild Investment LLC now owns 227 shares of the industrial products company’s stock worth $28,000 after buying an additional 213 shares during the last quarter. IFP Advisors Inc increased its position in SiteOne Landscape Supply by 106.8% during the fourth quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock worth $38,000 after buying an additional 158 shares during the last quarter. Finally, Empowered Funds LLC acquired a new position in SiteOne Landscape Supply during the fourth quarter worth approximately $42,000.

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.