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

SiteOne Landscape Supply, Inc. (NYSE:SITE) has been assigned a consensus rating of “Hold” from the twelve analysts that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $159.70.

A number of research analysts have issued reports on SITE shares. Stifel Nicolaus decreased their price target 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. Barclays decreased their price target on SiteOne Landscape Supply from $150.00 to $148.00 and set an “equal weight” rating for the company in a report on Thursday, April 30th. Robert W. Baird set a $160.00 price objective on SiteOne Landscape Supply in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a report on Thursday, April 30th. Finally, Bank of America decreased their price objective on shares of SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating on the stock in a report on Monday, April 20th.

SiteOne Landscape Supply Trading Up 0.2%

NYSE SITE opened at $107.11 on Wednesday. The company has a 50 day moving average price of $111.84 and a 200 day moving average price of $129.57. The firm has a market cap of $4.75 billion, a PE ratio of 31.78, a price-to-earnings-growth ratio of 1.43 and a beta of 1.34. The company has a quick ratio of 0.96, a current ratio of 2.33 and a debt-to-equity ratio of 0.39. SiteOne Landscape Supply has a 52 week low of $100.52 and a 52 week high of $168.56.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.27). SiteOne Landscape Supply had a net margin of 3.24% and a return on equity of 9.22%. The business had revenue of $940.10 million for the quarter, compared to analysts’ expectations of $982.27 million. During the same quarter in the prior year, the company posted ($0.61) EPS. The business’s revenue for the quarter was up .1% on a year-over-year basis. As a group, sell-side analysts forecast that SiteOne Landscape Supply will post 4.06 EPS for the current fiscal year.

Insider Buying and Selling

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 562 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $112.52, for a total transaction of $63,236.24. Following the completion of the transaction, the director owned 11,267 shares of the company’s stock, valued at $1,267,762.84. This represents a 4.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.10% of the company’s stock.

Institutional Trading of SiteOne Landscape Supply

A number of institutional investors have recently made changes to their positions in the company. Comerica Bank grew its holdings in shares of SiteOne Landscape Supply by 24.4% during the fourth quarter. Comerica Bank now owns 134,716 shares of the industrial products company’s stock worth $16,780,000 after buying an additional 26,436 shares in the last quarter. Bamco Inc. NY lifted its stake in shares of SiteOne Landscape Supply by 3.1% in the fourth 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. Magnetar Financial LLC boosted its position in SiteOne Landscape Supply by 41.0% during the third quarter. Magnetar Financial LLC now owns 46,669 shares of the industrial products company’s stock worth $6,011,000 after acquiring an additional 13,572 shares during the last quarter. Interval Partners LP acquired a new position in SiteOne Landscape Supply during the third quarter worth about $12,720,000. Finally, 59 North Capital Management LP purchased a new stake in SiteOne Landscape Supply during the 3rd quarter valued at about $214,417,000.

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.