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

SiteOne Landscape Supply, Inc. (NYSE:SITE) has been given a consensus rating of “Hold” by the twelve analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $160.10.

SITE has been the subject of several research reports. Deutsche Bank Aktiengesellschaft upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a research note on Thursday, April 30th. UBS Group initiated coverage on SiteOne Landscape Supply in a research note on Friday, April 10th. They issued a “neutral” rating and a $140.00 target price for the company. Weiss Ratings downgraded SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Stifel Nicolaus upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $157.00 target price for the company in a research note on Monday, May 4th. Finally, Robert W. Baird set a $160.00 target price on SiteOne Landscape Supply in a research note on Thursday, April 30th.

SiteOne Landscape Supply Price Performance

Shares of SITE opened at $109.99 on Friday. SiteOne Landscape Supply has a 52-week low of $100.52 and a 52-week high of $168.56. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 2.33. The business’s 50 day moving average price is $120.51 and its two-hundred day moving average price is $131.54. The firm has a market cap of $4.87 billion, a PE ratio of 32.64, a price-to-earnings-growth ratio of 1.43 and a beta of 1.35.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.27). The business 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%. SiteOne Landscape Supply’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the firm posted ($0.61) earnings per share. On average, equities analysts anticipate that SiteOne Landscape Supply will post 4.18 EPS for the current year.

Insiders Place Their Bets

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 563 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $115.13, for a total transaction of $64,818.19. Following the transaction, the director owned 11,829 shares in the company, valued at approximately $1,361,872.77. This represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Comerica Bank boosted its position in shares of SiteOne Landscape Supply by 24.4% during the fourth quarter. Comerica Bank now owns 134,716 shares of the industrial products company’s stock valued at $16,780,000 after buying an additional 26,436 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of SiteOne Landscape Supply during the third quarter valued at approximately $1,932,000. Magnetar Financial LLC boosted its position in shares of SiteOne Landscape Supply by 41.0% during the third quarter. Magnetar Financial LLC now owns 46,669 shares of the industrial products company’s stock valued at $6,011,000 after buying an additional 13,572 shares during the last quarter. Bamco Inc. NY boosted its position in shares of SiteOne Landscape Supply by 3.1% during the fourth quarter. Bamco Inc. NY now owns 2,028,366 shares of the industrial products company’s stock valued at $252,653,000 after buying an additional 61,490 shares during the last quarter. Finally, Interval Partners LP purchased a new position in shares of SiteOne Landscape Supply during the third quarter valued at approximately $12,720,000.

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.