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

SiteOne Landscape Supply, Inc. (NYSE:SITE) has been given a consensus recommendation of “Hold” by the eleven analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $149.6667.

SITE has been the topic of a number of recent analyst reports. Zacks Research cut shares of SiteOne Landscape Supply from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, October 8th. 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. Royal Bank Of Canada increased their price target on shares of SiteOne Landscape Supply from $130.00 to $143.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 31st. Finally, Loop Capital raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and increased their price target for the stock from $150.00 to $160.00 in a research report on Friday, September 19th.

SiteOne Landscape Supply Price Performance

SiteOne Landscape Supply stock opened at $117.12 on Monday. SiteOne Landscape Supply has a 52-week low of $101.25 and a 52-week high of $160.74. The firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of 42.74, a PEG ratio of 1.95 and a beta of 1.59. The company has a fifty day simple moving average of $136.78 and a 200-day simple moving average of $126.42. The company has a quick ratio of 1.06, a current ratio of 2.41 and a debt-to-equity ratio of 0.35.

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

Insiders Place Their Bets

In related news, CEO Doug Black sold 7,384 shares of the firm’s stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $132.09, for a total value of $975,352.56. Following the sale, the chief executive officer owned 600,446 shares of the company’s stock, valued at $79,312,912.14. This trade represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.60% of the stock is currently owned by company insiders.

Institutional Trading of SiteOne Landscape Supply

Several hedge funds have recently added to or reduced their stakes in the company. Voya Investment Management LLC increased its stake in SiteOne Landscape Supply by 30.1% in the third quarter. Voya Investment Management LLC now owns 187,874 shares of the industrial products company’s stock valued at $24,198,000 after purchasing an additional 43,495 shares during the last quarter. Mitchell & Pahl Private Wealth LLC increased its stake in SiteOne Landscape Supply by 1.8% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 5,797 shares of the industrial products company’s stock valued at $747,000 after purchasing an additional 105 shares during the last quarter. Buckhead Capital Management LLC increased its stake in SiteOne Landscape Supply by 57.9% in the third quarter. Buckhead Capital Management LLC now owns 3,642 shares of the industrial products company’s stock valued at $469,000 after purchasing an additional 1,336 shares during the last quarter. Thrive Wealth Management LLC purchased a new position in shares of SiteOne Landscape Supply during the third quarter worth approximately $203,000. Finally, Oak Thistle LLC purchased a new position in shares of SiteOne Landscape Supply during the third quarter worth approximately $1,064,000.

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.