SiteOne Landscape Supply (NYSE:SITE) Upgraded at Stifel Nicolaus

Stifel Nicolaus upgraded shares of SiteOne Landscape Supply (NYSE:SITE) from a hold rating to a buy rating in a research note published on Thursday morning, Marketbeat Ratings reports. Stifel Nicolaus currently has $165.00 target price on the industrial products company’s stock, down from their prior target price of $167.00.

SITE has been the subject of a number of other research reports. Robert W. Baird upped their price objective on SiteOne Landscape Supply from $175.00 to $190.00 and gave the company an outperform rating in a report on Thursday, February 15th. Loop Capital downgraded shares of SiteOne Landscape Supply from a buy rating to a hold rating in a research report on Monday, January 8th. Truist Financial boosted their price objective on shares of SiteOne Landscape Supply from $170.00 to $204.00 and gave the company a buy rating in a report on Thursday, February 15th. Royal Bank of Canada increased their target price on shares of SiteOne Landscape Supply from $150.00 to $157.00 and gave the stock a sector perform rating in a report on Thursday, February 15th. Finally, Barclays boosted their price target on shares of SiteOne Landscape Supply from $121.00 to $145.00 and gave the company an underweight rating in a report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $167.50.

SiteOne Landscape Supply Stock Up 1.4 %

Shares of NYSE SITE opened at $152.42 on Thursday. The company has a current ratio of 2.36, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $6.89 billion, a PE ratio of 44.18 and a beta of 1.53. The firm’s 50-day moving average is $169.37 and its 200-day moving average is $156.72. SiteOne Landscape Supply has a 1 year low of $116.81 and a 1 year high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, May 1st. The industrial products company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.22). The business had revenue of $904.80 million during the quarter, compared to the consensus estimate of $864.01 million. SiteOne Landscape Supply had a net margin of 3.63% and a return on equity of 10.77%. SiteOne Landscape Supply’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.10) earnings per share. Equities analysts expect that SiteOne Landscape Supply will post 4.02 EPS for the current year.

Insider Activity at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, CEO Doug Black sold 10,000 shares of SiteOne Landscape Supply stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $176.35, for a total value of $1,763,500.00. Following the sale, the chief executive officer now owns 574,657 shares of the company’s stock, valued at approximately $101,340,761.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Doug Black sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $176.35, for a total transaction of $1,763,500.00. Following the completion of the transaction, the chief executive officer now directly owns 574,657 shares of the company’s stock, valued at approximately $101,340,761.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John T. Guthrie sold 3,000 shares of SiteOne Landscape Supply stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $180.00, for a total transaction of $540,000.00. Following the completion of the sale, the chief financial officer now owns 15,467 shares in the company, valued at $2,784,060. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,000 shares of company stock valued at $3,924,500. 2.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SiteOne Landscape Supply

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Venturi Wealth Management LLC acquired a new stake in shares of SiteOne Landscape Supply in the third quarter valued at about $26,000. Operose Advisors LLC bought a new position in SiteOne Landscape Supply in the third quarter valued at approximately $28,000. Principal Securities Inc. acquired a new position in shares of SiteOne Landscape Supply during the 4th quarter worth approximately $31,000. GAMMA Investing LLC bought a new stake in shares of SiteOne Landscape Supply during the 4th quarter worth approximately $38,000. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in shares of SiteOne Landscape Supply by 588.1% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 289 shares of the industrial products company’s stock valued at $50,000 after buying an additional 247 shares during the last quarter.

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.