SiteOne Landscape Supply (NYSE:SITE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday.

According to Zacks, “SiteOne Landscape Supply, Inc. is a wholesale distributor of landscape supplies primarily in the United States. It provides irrigation supplies; fertilizer and control products such as herbicides; landscape accessories; turf protection products; grass seed; turf care equipment and golf course maintenance supplies and nursery goods as well as hardscapes, including pavers, natural stones, and blocks; outdoor lighting and ice melt products, as well as related value-added consultative services. SiteOne Landscape Supply, Inc. is headquartered in Roswell, Georgia. “

SITE has been the subject of a number of other reports. UBS Group lifted their price target on shares of SiteOne Landscape Supply from $54.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Royal Bank of Canada lifted their price target on shares of SiteOne Landscape Supply from $63.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, October 4th. Barclays set a $65.00 price target on shares of SiteOne Landscape Supply and gave the stock a “hold” rating in a report on Monday, January 8th. SunTrust Banks lifted their price target on shares of SiteOne Landscape Supply to $70.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Finally, BidaskClub upgraded shares of SiteOne Landscape Supply from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $67.50.

Shares of SiteOne Landscape Supply (NYSE SITE) opened at $71.40 on Wednesday. The company has a market cap of $2,840.00 and a PE ratio of 66.73. SiteOne Landscape Supply has a twelve month low of $36.06 and a twelve month high of $77.40. 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 issued its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.14). The firm had revenue of $502.40 million for the quarter, compared to analysts’ expectations of $506.28 million. SiteOne Landscape Supply had a return on equity of 26.42% and a net margin of 2.49%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.36 earnings per share. research analysts predict that SiteOne Landscape Supply will post 1.23 EPS for the current year.

In related news, EVP Pascal Convers sold 9,750 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $74.25, for a total value of $723,937.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ross Anker sold 6,080 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $71.38, for a total transaction of $433,990.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,967 shares of company stock valued at $7,138,256. 4.00% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in SITE. Stifel Financial Corp lifted its position in SiteOne Landscape Supply by 0.7% during the second quarter. Stifel Financial Corp now owns 21,869 shares of the industrial products company’s stock valued at $1,138,000 after buying an additional 160 shares in the last quarter. Suntrust Banks Inc. lifted its position in SiteOne Landscape Supply by 9.8% during the second quarter. Suntrust Banks Inc. now owns 6,658 shares of the industrial products company’s stock valued at $345,000 after buying an additional 592 shares in the last quarter. BB&T Securities LLC lifted its position in SiteOne Landscape Supply by 8.8% during the third quarter. BB&T Securities LLC now owns 15,304 shares of the industrial products company’s stock valued at $889,000 after buying an additional 1,234 shares in the last quarter. American International Group Inc. lifted its position in SiteOne Landscape Supply by 8.1% during the third quarter. American International Group Inc. now owns 22,766 shares of the industrial products company’s stock valued at $1,323,000 after buying an additional 1,702 shares in the last quarter. Finally, Advisor Group Inc. lifted its position in SiteOne Landscape Supply by 156.6% during the second quarter. Advisor Group Inc. now owns 3,192 shares of the industrial products company’s stock valued at $165,000 after buying an additional 1,948 shares in the last quarter.

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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.

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Analyst Recommendations for SiteOne Landscape Supply (NYSE:SITE)

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