SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives Consensus Rating of “Hold” from Analysts

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have received an average rating of “Hold” from the ten brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $147.00.

Several research analysts recently issued reports on SITE shares. Wall Street Zen raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Truist Financial dropped their price target on shares of SiteOne Landscape Supply from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Stifel Nicolaus dropped their price objective on shares of SiteOne Landscape Supply from $145.00 to $126.00 and set a “hold” rating for the company in a report on Monday, April 28th. Finally, Royal Bank Of Canada raised their price objective on shares of SiteOne Landscape Supply from $130.00 to $143.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st.

Insider Activity at SiteOne Landscape Supply

In other news, EVP Joseph Ketter sold 39,640 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $126.28, for a total transaction of $5,005,739.20. Following the completion of the sale, the executive vice president owned 13,663 shares of the company’s stock, valued at approximately $1,725,363.64. This trade represents a 74.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Doug Black sold 7,384 shares of the firm’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $132.09, for a total transaction of $975,352.56. Following the sale, the chief executive officer directly owned 600,446 shares of the company’s stock, valued at approximately $79,312,912.14. The trade was a 1.21% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 76,784 shares of company stock valued at $9,828,465. Company insiders own 2.60% of the company’s stock.

Institutional Trading of SiteOne Landscape Supply

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State of Wyoming boosted its stake in SiteOne Landscape Supply by 6.2% in the fourth quarter. State of Wyoming now owns 1,389 shares of the industrial products company’s stock valued at $183,000 after acquiring an additional 81 shares during the last quarter. Man Group plc boosted its stake in SiteOne Landscape Supply by 0.4% in the second quarter. Man Group plc now owns 22,338 shares of the industrial products company’s stock valued at $2,702,000 after acquiring an additional 86 shares during the last quarter. Keynote Financial Services LLC boosted its stake in SiteOne Landscape Supply by 5.4% in the second quarter. Keynote Financial Services LLC now owns 1,740 shares of the industrial products company’s stock valued at $210,000 after acquiring an additional 89 shares during the last quarter. Allworth Financial LP boosted its stake in SiteOne Landscape Supply by 61.2% in the second quarter. Allworth Financial LP now owns 237 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 90 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in SiteOne Landscape Supply by 24.3% in the first quarter. GAMMA Investing LLC now owns 486 shares of the industrial products company’s stock valued at $59,000 after acquiring an additional 95 shares during the last quarter.

SiteOne Landscape Supply Stock Performance

NYSE:SITE opened at $137.80 on Friday. SiteOne Landscape Supply has a 12-month low of $101.25 and a 12-month high of $160.74. The company has a quick ratio of 1.06, a current ratio of 2.41 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $6.15 billion, a PE ratio of 50.29, a price-to-earnings-growth ratio of 2.30 and a beta of 1.54. The firm has a 50-day moving average price of $129.42 and a 200 day moving average price of $125.00.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.89 by ($0.03). SiteOne Landscape Supply had a return on equity of 7.80% and a net margin of 2.69%.The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period last year, the company earned $2.63 EPS. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. Research analysts anticipate that SiteOne Landscape Supply will post 3.61 earnings per share for the current fiscal year.

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.