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

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have earned a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $156.6364.

Several analysts have commented on SITE shares. UBS Group restated a “neutral” rating on shares of SiteOne Landscape Supply in a report on Thursday, June 25th. Weiss Ratings lowered shares of SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Bank of America cut their price target on SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a report on Thursday, April 30th. Finally, KeyCorp assumed coverage on shares of SiteOne Landscape Supply in a research note on Monday. They issued an “overweight” rating and a $145.00 target price on the stock.

Insider Activity at SiteOne Landscape Supply

In related news, Director Fred M. Diaz sold 562 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $112.52, for a total value of $63,236.24. Following the sale, the director owned 11,267 shares in the company, valued at approximately $1,267,762.84. This trade represents a 4.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SITE. True Wealth Design LLC boosted its holdings in shares of SiteOne Landscape Supply by 541.9% in the fourth quarter. True Wealth Design LLC now owns 199 shares of the industrial products company’s stock worth $25,000 after buying an additional 168 shares during the last quarter. Basecamp Wealth Advisors LLC increased its holdings in SiteOne Landscape Supply by 219.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 185 shares of the industrial products company’s stock valued at $25,000 after buying an additional 127 shares during the last quarter. Whittier Trust Co. increased its holdings in SiteOne Landscape Supply by 72.7% during the first quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock valued at $27,000 after buying an additional 88 shares during the last quarter. Rothschild Investment LLC raised its position in SiteOne Landscape Supply by 1,521.4% in the fourth quarter. Rothschild Investment LLC now owns 227 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 213 shares during the period. Finally, IFP Advisors Inc raised its position in SiteOne Landscape Supply by 106.8% in the fourth quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 158 shares during the period.

SiteOne Landscape Supply Trading Up 0.4%

NYSE SITE opened at $105.75 on Wednesday. SiteOne Landscape Supply has a fifty-two week low of $100.52 and a fifty-two 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 stock has a 50 day simple moving average of $111.11 and a two-hundred day simple moving average of $129.27. The stock has a market cap of $4.69 billion, a P/E ratio of 31.38, a price-to-earnings-growth ratio of 1.41 and a beta of 1.34.

SiteOne Landscape Supply (NYSE:SITE) last announced its earnings results on Wednesday, April 29th. The industrial products company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.27). The business had revenue of $940.10 million for the quarter, compared to the consensus estimate 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 revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.61) EPS. On average, analysts forecast that SiteOne Landscape Supply will post 4.06 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.