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

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have received an average rating of “Hold” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $156.44.

A number of brokerages have recently issued reports on SITE. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and boosted their target price for the company from $145.00 to $175.00 in a research report on Friday, December 6th. Robert W. Baird boosted their price objective on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. The Goldman Sachs Group assumed coverage on shares of SiteOne Landscape Supply in a report on Thursday, October 10th. They set a “neutral” rating and a $158.00 target price on the stock. Barclays boosted their price target on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a research note on Thursday, October 31st. Finally, StockNews.com upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th.

Insider Buying and Selling at SiteOne Landscape Supply

In other news, EVP Joseph Ketter sold 6,500 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $142.20, for a total value of $924,300.00. Following the completion of the transaction, the executive vice president now owns 12,942 shares of the company’s stock, valued at approximately $1,840,352.40. This represents a 33.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On SiteOne Landscape Supply

Institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC grew its holdings in shares of SiteOne Landscape Supply by 71.2% during the third quarter. Barclays PLC now owns 48,398 shares of the industrial products company’s stock worth $7,304,000 after purchasing an additional 20,134 shares during the last quarter. Holocene Advisors LP increased its holdings in SiteOne Landscape Supply by 38.2% in the third quarter. Holocene Advisors LP now owns 51,625 shares of the industrial products company’s stock valued at $7,791,000 after purchasing an additional 14,269 shares during the period. Algert Global LLC increased its holdings in SiteOne Landscape Supply by 375.4% in the third quarter. Algert Global LLC now owns 29,506 shares of the industrial products company’s stock valued at $4,453,000 after purchasing an additional 23,300 shares during the period. The Manufacturers Life Insurance Company raised its position in SiteOne Landscape Supply by 4.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,026 shares of the industrial products company’s stock worth $1,217,000 after purchasing an additional 447 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new position in SiteOne Landscape Supply during the 2nd quarter worth about $449,000.

SiteOne Landscape Supply Trading Up 0.4 %

Shares of SITE stock opened at $129.79 on Friday. SiteOne Landscape Supply has a 12-month low of $114.60 and a 12-month high of $188.01. The company has a market capitalization of $5.86 billion, a PE ratio of 42.00 and a beta of 1.56. The firm has a 50 day moving average price of $142.72 and a two-hundred day moving average price of $139.65. 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 released its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.21). The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.25 earnings per share. As a group, analysts predict that SiteOne Landscape Supply will post 2.94 earnings per share for the current 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.