SiteOne Landscape Supply Inc (NYSE:SITE) has been assigned a consensus recommendation of “Buy” from the ten analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $68.50.

A number of research firms recently issued reports on SITE. Zacks Investment Research raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Barclays raised their target price on shares of SiteOne Landscape Supply from $48.00 to $56.00 and gave the company an “equal weight” rating in a research note on Thursday, November 9th. William Blair raised shares of SiteOne Landscape Supply from a “market perform” rating to an “outperform” rating in a research note on Friday, January 26th. Robert W. Baird raised their target price on shares of SiteOne Landscape Supply from $58.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Finally, SunTrust Banks raised their target price on shares of SiteOne Landscape Supply to $70.00 and gave the company a “buy” rating in a research note on Thursday, November 9th.

In related news, CFO John T. Guthrie sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $70.91, for a total transaction of $1,418,200.00. Following the completion of the sale, the chief financial officer now owns 57,854 shares of the company’s stock, valued at $4,102,427.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ross Anker sold 41,824 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $69.09, for a total transaction of $2,889,620.16. Following the sale, the executive vice president now directly owns 88,881 shares of the company’s stock, valued at approximately $6,140,788.29. The disclosure for this sale can be found here. Insiders have sold 100,967 shares of company stock valued at $7,138,256 in the last ninety days. Insiders own 4.00% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of SiteOne Landscape Supply by 58.4% during the second quarter. Vanguard Group Inc. now owns 2,618,729 shares of the industrial products company’s stock valued at $136,330,000 after acquiring an additional 965,336 shares in the last quarter. FMR LLC boosted its holdings in SiteOne Landscape Supply by 288.4% in the second quarter. FMR LLC now owns 2,017,984 shares of the industrial products company’s stock worth $105,056,000 after purchasing an additional 1,498,436 shares during the last quarter. BlackRock Inc. boosted its holdings in SiteOne Landscape Supply by 126.1% in the second quarter. BlackRock Inc. now owns 2,013,656 shares of the industrial products company’s stock worth $104,833,000 after purchasing an additional 1,123,148 shares during the last quarter. Bamco Inc. NY boosted its holdings in SiteOne Landscape Supply by 11.2% in the third quarter. Bamco Inc. NY now owns 1,720,722 shares of the industrial products company’s stock worth $99,974,000 after purchasing an additional 172,650 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its holdings in SiteOne Landscape Supply by 2.1% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,532,262 shares of the industrial products company’s stock worth $89,024,000 after purchasing an additional 32,160 shares during the last quarter.

SiteOne Landscape Supply (SITE) traded down $0.41 during trading on Monday, hitting $72.68. 61,059 shares of the stock were exchanged, compared to its average volume of 288,264. SiteOne Landscape Supply has a one year low of $37.75 and a one year high of $79.51. The stock has a market capitalization of $2,895.10, a price-to-earnings ratio of 67.29 and a beta of 1.42. The company has a current ratio of 2.69, a quick ratio of 1.21 and a debt-to-equity ratio of 2.35.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.14). SiteOne Landscape Supply had a return on equity of 26.42% and a net margin of 2.49%. The company had revenue of $502.40 million during the quarter, compared to the consensus estimate of $506.28 million. During the same period in the previous year, the company earned $0.36 earnings per share. SiteOne Landscape Supply’s quarterly revenue was up 13.0% on a year-over-year basis. sell-side analysts anticipate that SiteOne Landscape Supply will post 1.39 earnings per share for the current year.

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SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply, Inc is a national wholesale distributor of landscape supplies in the United States and Canada. The Company is a supplier of irrigation, landscape lighting, hardscapes, lawn care supplies, nursery stock, and landscape accessories to green industry professionals. As of October 2, 2016, the Company had over 450 stores.

Analyst Recommendations for SiteOne Landscape Supply (NYSE:SITE)

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