SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives $159.44 Consensus PT from Brokerages

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have earned an average recommendation of “Hold” from the eleven research firms that are currently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $159.4444.

Several research firms have recently commented on SITE. Zacks Research raised shares of SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Weiss Ratings restated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, January 21st. Stifel Nicolaus set a $144.00 price target on shares of SiteOne Landscape Supply in a report on Monday, February 9th. Barclays increased their price target on SiteOne Landscape Supply from $134.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 12th. Finally, Royal Bank Of Canada boosted their price objective on SiteOne Landscape Supply from $151.00 to $171.00 and gave the company an “outperform” rating in a report on Thursday, February 12th.

Insider Transactions at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, EVP Eric J. Elema sold 1,765 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $158.01, for a total value of $278,887.65. Following the completion of the transaction, the executive vice president directly owned 2,911 shares of the company’s stock, valued at approximately $459,967.11. The trade was a 37.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On SiteOne Landscape Supply

A number of hedge funds and other institutional investors have recently made changes to their positions in SITE. Millennium Management LLC boosted its holdings in SiteOne Landscape Supply by 45.9% during the first quarter. Millennium Management LLC now owns 75,149 shares of the industrial products company’s stock worth $9,126,000 after buying an additional 23,657 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of SiteOne Landscape Supply by 36.6% in the first quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 107 shares during the period. Goldman Sachs Group Inc. raised its position in shares of SiteOne Landscape Supply by 5.7% in the first quarter. Goldman Sachs Group Inc. now owns 213,331 shares of the industrial products company’s stock worth $25,907,000 after acquiring an additional 11,574 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of SiteOne Landscape Supply by 10.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 170,285 shares of the industrial products company’s stock worth $20,679,000 after acquiring an additional 16,378 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of SiteOne Landscape Supply during the 1st quarter valued at about $6,797,000.

SiteOne Landscape Supply Stock Down 3.3%

Shares of SITE stock opened at $131.05 on Thursday. The stock’s 50-day simple moving average is $143.58 and its 200-day simple moving average is $135.37. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.20 and a current ratio of 2.47. The firm has a market capitalization of $5.83 billion, a PE ratio of 39.00, a P/E/G ratio of 1.69 and a beta of 1.59. SiteOne Landscape Supply has a fifty-two week low of $101.25 and a fifty-two week high of $168.56.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, February 11th. The industrial products company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.09. SiteOne Landscape Supply had a return on equity of 9.28% and a net margin of 3.23%.The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the company posted ($0.48) earnings per share. The company’s revenue was up 3.2% compared to the same quarter last year. Equities analysts expect that SiteOne Landscape Supply will post 3.61 earnings per share for the current year.

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.