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

SiteOne Landscape Supply, Inc. (NYSE:SITE) has been given an average rating of “Hold” by the thirteen ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $132.80.

SITE has been the topic of a number of recent analyst reports. Stifel Nicolaus reissued a “hold” rating and issued a $100.00 price objective (down from $153.00) on shares of SiteOne Landscape Supply in a research note on Thursday, July 30th. Barclays dropped their price target on SiteOne Landscape Supply from $129.00 to $108.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. Zacks Research cut SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a report on Monday, June 22nd. Weiss Ratings downgraded shares of SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, September 18th. Finally, Robert W. Baird reduced their price objective on shares of SiteOne Landscape Supply from $160.00 to $155.00 and set an “outperform” rating for the company in a research report on Tuesday, July 28th.

Insider Transactions at SiteOne Landscape Supply

In related news, CEO Doug Black bought 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired at an average cost of $102.03 per share, with a total value of $816,240.00. Following the completion of the purchase, the chief executive officer directly owned 8,000 shares in the company, valued at $816,240. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SiteOne Landscape Supply

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bamco Inc. NY acquired a new stake in shares of SiteOne Landscape Supply in the 2nd quarter valued at about $232,115,000. BlackRock Inc. bought a new stake in SiteOne Landscape Supply in the 2nd quarter valued at about $221,355,000. Jupiter Topco LLC acquired a new position in SiteOne Landscape Supply during the 2nd quarter worth approximately $59,521,000. Bank of America Corp DE acquired a new position in SiteOne Landscape Supply during the 2nd quarter worth approximately $49,027,000. Finally, Capital World Investors raised its stake in SiteOne Landscape Supply by 37.9% during the 4th quarter. Capital World Investors now owns 1,402,337 shares of the industrial products company’s stock worth $174,675,000 after buying an additional 385,666 shares during the period.

SiteOne Landscape Supply Price Performance

SITE stock opened at $91.40 on Monday. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 1.32 and a beta of 1.34. The company has a quick ratio of 1.01, a current ratio of 2.30 and a debt-to-equity ratio of 0.36. SiteOne Landscape Supply has a 12-month low of $86.20 and a 12-month high of $168.56. The company’s fifty day simple moving average is $96.73 and its 200 day simple moving average is $112.26.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $3.14 EPS for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.22). SiteOne Landscape Supply had a net margin of 3.41% and a return on equity of 9.76%. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the company posted $2.86 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. On average, analysts expect that SiteOne Landscape Supply will post 3.93 earnings per share for the current year.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply, Inc is a wholesale distributor of landscape, irrigation, and outdoor living products serving professional customers across the United States and Canada. The company supplies landscape contractors, golf course professionals, green-industry businesses, municipalities, and other commercial customers through a network of local branches and distribution facilities.

Its product offerings include irrigation and water-management systems, nursery and landscape supplies, seed, fertilizer, turf and ornamental plant protection products, landscape lighting, hardscape materials, outdoor living products, and related maintenance equipment.