SiteOne Landscape Supply (NYSE:SITE) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of SiteOne Landscape Supply (NYSE:SITE) from a sell rating to a hold rating in a research report report published on Sunday morning.

A number of other analysts have also recently weighed in on the stock. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and boosted their target price for the stock from $145.00 to $175.00 in a research note on Friday, December 6th. Royal Bank of Canada upped their target price on SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. UBS Group cut their price target on SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Robert W. Baird lowered their price objective on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $140.00 target price (down from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, SiteOne Landscape Supply currently has a consensus rating of “Hold” and an average target price of $154.56.

SiteOne Landscape Supply Price Performance

SiteOne Landscape Supply stock opened at $123.97 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. SiteOne Landscape Supply has a 52 week low of $114.60 and a 52 week high of $188.01. The stock has a market capitalization of $5.57 billion, a P/E ratio of 46.09 and a beta of 1.69. The stock has a fifty day moving average of $134.79 and a 200-day moving average of $140.20.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.22). SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. On average, sell-side analysts expect that SiteOne Landscape Supply will post 3.61 earnings per share for the current fiscal year.

Institutional Trading of SiteOne Landscape Supply

Several institutional investors have recently added to or reduced their stakes in SITE. Raymond James Financial Inc. bought a new stake in shares of SiteOne Landscape Supply in the 4th quarter valued at $40,676,000. Artisan Partners Limited Partnership grew its stake in SiteOne Landscape Supply by 137.2% during the fourth quarter. Artisan Partners Limited Partnership now owns 368,142 shares of the industrial products company’s stock worth $48,510,000 after purchasing an additional 212,907 shares during the period. BLI Banque de Luxembourg Investments acquired a new stake in SiteOne Landscape Supply during the fourth quarter worth approximately $22,787,000. Skandinaviska Enskilda Banken AB publ increased its holdings in SiteOne Landscape Supply by 320.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 226,300 shares of the industrial products company’s stock worth $29,713,000 after purchasing an additional 172,500 shares in the last quarter. Finally, Wasatch Advisors LP lifted its stake in SiteOne Landscape Supply by 11.4% in the third quarter. Wasatch Advisors LP now owns 1,577,651 shares of the industrial products company’s stock valued at $238,083,000 after buying an additional 161,846 shares during the period.

SiteOne Landscape Supply Company Profile

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.