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

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have been assigned an average recommendation of “Hold” from the nine research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $156.44.

SITE has been the subject of several recent analyst reports. Robert W. Baird raised their target price on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Barclays lifted their target price on SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a research note on Thursday, October 31st. The Goldman Sachs Group assumed coverage on SiteOne Landscape Supply in a research note on Thursday, October 10th. They issued a “neutral” rating and a $158.00 price target on the stock. Finally, Jefferies Financial Group raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $145.00 to $175.00 in a research report on Friday, December 6th.

Insider Transactions at SiteOne Landscape Supply

In other news, EVP Joseph Ketter sold 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $142.20, for a total transaction of $924,300.00. Following the transaction, the executive vice president now directly owns 12,942 shares of the company’s stock, valued at approximately $1,840,352.40. This trade represents a 33.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On SiteOne Landscape Supply

Several institutional investors have recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. bought a new stake in SiteOne Landscape Supply during the second quarter worth about $27,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of SiteOne Landscape Supply by 90.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 100 shares during the period. Blue Trust Inc. boosted its position in shares of SiteOne Landscape Supply by 287.7% during the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 187 shares in the last quarter. American National Bank & Trust bought a new position in shares of SiteOne Landscape Supply in the 3rd quarter valued at $49,000. Finally, Quarry LP acquired a new position in shares of SiteOne Landscape Supply during the 2nd quarter worth $61,000.

SiteOne Landscape Supply Trading Down 2.6 %

Shares of SiteOne Landscape Supply stock opened at $141.29 on Tuesday. The stock has a market cap of $6.38 billion, a P/E ratio of 45.72 and a beta of 1.54. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. SiteOne Landscape Supply has a 12-month low of $114.60 and a 12-month high of $188.01. The business’s 50 day moving average is $146.21 and its 200-day moving average is $139.94.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.21). The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The business’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company posted $1.25 earnings per share. Equities research analysts predict that SiteOne Landscape Supply will post 2.94 earnings per share for the current fiscal year.

About SiteOne Landscape Supply

SiteOne Landscape Supply, Inc, together with its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation products, including controllers, valves, sprinkler heads, irrigation pipes, micro irrigation, and drip products; fertilizer, grass seed, and ice melt products; control products, such as herbicides, fungicides, rodenticides, and other pesticides; landscape accessories that include mulches, soil amendments, drainage pipes, tools, and sods; nursery goods, which consist of deciduous and evergreen shrubs, ornamental, shade, evergreen trees, field grown and container-grown nursery stock, roses, perennials, annuals, bulbs, and plant species and cultivars; hardscapes, such as pavers, natural stones, blocks, and other durable materials; and outdoor lighting products that include lighting fixtures, LED lamps, wires, transformers, and accessories.