SiteOne Landscape Supply (NYSE:SITE) Cut to “Sell” at StockNews.com

StockNews.com cut shares of SiteOne Landscape Supply (NYSE:SITE) from a hold rating to a sell rating in a research report sent to investors on Wednesday.

Several other research analysts have also recently commented on SITE. Robert W. Baird reduced their target price on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Royal Bank of Canada increased their price objective on SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and increased their price objective for the stock from $145.00 to $175.00 in a research note on Friday, December 6th. Stifel Nicolaus reiterated a “hold” rating and set a $140.00 price objective (down from $145.00) on shares of SiteOne Landscape Supply in a research note on Monday, February 10th. Finally, UBS Group dropped their price objective on SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, SiteOne Landscape Supply has an average rating of “Hold” and an average price target of $154.56.

SiteOne Landscape Supply Stock Up 1.6 %

Shares of SITE stock opened at $126.41 on Wednesday. The stock has a market cap of $5.68 billion, a P/E ratio of 46.99 and a beta of 1.57. SiteOne Landscape Supply has a one year low of $114.60 and a one year high of $188.01. The stock has a fifty day moving average price of $136.91 and a 200 day moving average price of $141.45. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16.

SiteOne Landscape Supply (NYSE:SITE) last issued its earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.22). SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. Analysts predict that SiteOne Landscape Supply will post 3.61 earnings per share for the current year.

Institutional Trading of SiteOne Landscape Supply

Hedge funds and other institutional investors have recently made changes to their positions in the business. Nomura Asset Management Co. Ltd. increased its stake in shares of SiteOne Landscape Supply by 90.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock valued at $32,000 after buying an additional 100 shares in the last quarter. Blue Trust Inc. increased its position in SiteOne Landscape Supply by 287.7% in the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 187 shares during the period. Trust Co. of Vermont increased its position in SiteOne Landscape Supply by 657.9% in the fourth quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 250 shares during the period. Tortoise Investment Management LLC increased its position in SiteOne Landscape Supply by 78.9% in the fourth quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 131 shares during the period. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in SiteOne Landscape Supply in the fourth quarter worth about $40,000.

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.