SiteOne Landscape Supply (NYSE:SITE) Reaches New 12-Month Low – Time to Sell?

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) hit a new 52-week low on Thursday . The stock traded as low as $98.00 and last traded at $112.3410, with a volume of 730 shares. The stock had previously closed at $111.53.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SITE shares. Zacks Research lowered SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a report on Monday. UBS Group initiated coverage on SiteOne Landscape Supply in a report on Friday, April 10th. They issued a “neutral” rating and a $140.00 price objective on the stock. Barclays cut their price objective on shares of SiteOne Landscape Supply from $150.00 to $148.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 30th. Weiss Ratings downgraded shares of SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a report on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $159.70.

SiteOne Landscape Supply Price Performance

The company has a market cap of $5.01 billion, a price-to-earnings ratio of 33.55, a price-to-earnings-growth ratio of 1.41 and a beta of 1.35. The company has a fifty day moving average price of $118.83 and a two-hundred day moving average price of $131.01. The company has a current ratio of 2.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39.

SiteOne Landscape Supply (NYSE:SITE) last issued its earnings results on Wednesday, April 29th. The industrial products company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.27). The firm had revenue of $940.10 million during the quarter, compared to analyst estimates of $982.27 million. SiteOne Landscape Supply had a net margin of 3.24% and a return on equity of 9.22%. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.61) earnings per share. As a group, equities research analysts anticipate that SiteOne Landscape Supply, Inc. will post 4.06 EPS for the current fiscal year.

Insider Transactions at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 562 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $112.52, for a total value of $63,236.24. Following the sale, the director owned 11,267 shares of the company’s stock, valued at $1,267,762.84. The trade was a 4.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is owned by company insiders.

Institutional Trading of SiteOne Landscape Supply

Institutional investors have recently made changes to their positions in the business. Millennium Management LLC increased its stake in SiteOne Landscape Supply by 45.9% in the first quarter. Millennium Management LLC now owns 75,149 shares of the industrial products company’s stock valued at $9,126,000 after acquiring an additional 23,657 shares during the period. NewEdge Advisors LLC raised its position in SiteOne Landscape Supply by 36.6% in the first quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 107 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in SiteOne Landscape Supply by 5.7% during the first quarter. Goldman Sachs Group Inc. now owns 213,331 shares of the industrial products company’s stock worth $25,907,000 after purchasing an additional 11,574 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in SiteOne Landscape Supply by 10.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 170,285 shares of the industrial products company’s stock worth $20,679,000 after purchasing an additional 16,378 shares during the period. Finally, Jane Street Group LLC acquired a new stake in SiteOne Landscape Supply during the first quarter valued at approximately $6,797,000.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.