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

SiteOne Landscape Supply, Inc. (NYSE:SITE) has received a consensus recommendation of “Hold” from the ten research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $149.70.

Several research firms have commented on SITE. Deutsche Bank Aktiengesellschaft initiated coverage on SiteOne Landscape Supply in a research report on Tuesday, April 1st. They issued a “hold” rating and a $135.00 price objective on the stock. Barclays dropped their price target on shares of SiteOne Landscape Supply from $120.00 to $106.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada upped their price objective on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Loop Capital dropped their target price on SiteOne Landscape Supply from $150.00 to $125.00 and set a “hold” rating on the stock in a research report on Friday, April 4th. Finally, Stifel Nicolaus restated a “hold” rating and set a $140.00 price objective (down from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th.

Institutional Investors Weigh In On SiteOne Landscape Supply

Several large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new stake in SiteOne Landscape Supply in the fourth quarter worth about $40,676,000. Artisan Partners Limited Partnership increased its position in shares of SiteOne Landscape Supply by 137.2% during the 4th quarter. Artisan Partners Limited Partnership now owns 368,142 shares of the industrial products company’s stock valued at $48,510,000 after purchasing an additional 212,907 shares during the period. BLI Banque de Luxembourg Investments bought a new stake in shares of SiteOne Landscape Supply in the 4th quarter worth $22,787,000. Skandinaviska Enskilda Banken AB publ boosted its stake in SiteOne Landscape Supply by 320.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 226,300 shares of the industrial products company’s stock valued at $29,713,000 after buying an additional 172,500 shares in the last quarter. Finally, Wasatch Advisors LP grew its holdings in SiteOne Landscape Supply by 9.7% during the fourth quarter. Wasatch Advisors LP now owns 1,731,098 shares of the industrial products company’s stock worth $228,107,000 after acquiring an additional 153,447 shares during the period.

SiteOne Landscape Supply Stock Performance

Shares of SITE opened at $112.07 on Monday. The company has a market capitalization of $5.04 billion, a PE ratio of 41.66 and a beta of 1.62. SiteOne Landscape Supply has a 52-week low of $101.25 and a 52-week high of $166.34. The company has a 50-day simple moving average of $123.76 and a 200-day simple moving average of $135.75. 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 (NYSE:SITE) last announced 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%. Equities research analysts predict that SiteOne Landscape Supply will post 3.61 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.