SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives Average Rating of “Hold” from Brokerages

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have earned a consensus rating of “Hold” from the twelve research firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $159.70.

Several analysts have issued reports on the company. Weiss Ratings lowered SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. UBS Group reaffirmed a “neutral” rating on shares of SiteOne Landscape Supply in a research note on Thursday, June 25th. Stifel Nicolaus reduced their target price on shares of SiteOne Landscape Supply from $157.00 to $153.00 and set a “buy” rating for the company in a report on Monday, June 22nd. Bank of America decreased their target price on shares of SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Finally, Barclays dropped their price target on shares of SiteOne Landscape Supply from $150.00 to $148.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th.

SiteOne Landscape Supply Trading Down 0.4%

Shares of SiteOne Landscape Supply stock opened at $110.26 on Wednesday. The company’s fifty day simple moving average is $113.56 and its 200-day simple moving average is $130.01. The stock has a market capitalization of $4.89 billion, a PE ratio of 32.72, a P/E/G ratio of 1.48 and a beta of 1.34. SiteOne Landscape Supply has a 1-year low of $100.52 and a 1-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 data on Wednesday, April 29th. The industrial products company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.27). The business had revenue of $940.10 million for 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 company’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.61) EPS. As a group, equities analysts anticipate that SiteOne Landscape Supply will post 4.06 earnings per share for the current year.

Insider Activity

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 562 shares of SiteOne Landscape Supply stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $112.52, for a total value of $63,236.24. Following the sale, the director directly owned 11,267 shares in the company, valued at approximately $1,267,762.84. The trade was a 4.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On SiteOne Landscape Supply

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. True Wealth Design LLC grew its holdings in SiteOne Landscape Supply by 541.9% during the 4th quarter. True Wealth Design LLC now owns 199 shares of the industrial products company’s stock valued at $25,000 after buying an additional 168 shares in the last quarter. Basecamp Wealth Advisors LLC raised its holdings in shares of SiteOne Landscape Supply by 219.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 185 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 127 shares in the last quarter. Whittier Trust Co. boosted its position in shares of SiteOne Landscape Supply by 72.7% during the 1st quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 88 shares during the last quarter. Rothschild Investment LLC grew its holdings in shares of SiteOne Landscape Supply by 1,521.4% in the fourth quarter. Rothschild Investment LLC now owns 227 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 213 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of SiteOne Landscape Supply by 106.8% in the fourth quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 158 shares in the last quarter.

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.