SiteOne Landscape Supply (NYSE:SITE) Downgraded by Stifel Nicolaus

Stifel Nicolaus lowered shares of SiteOne Landscape Supply (NYSE:SITE) from a buy rating to a hold rating in a report published on Thursday, Marketbeat Ratings reports. Stifel Nicolaus currently has $150.00 price objective on the industrial products company’s stock.

SITE has been the topic of a number of other reports. Barclays reduced their price objective on shares of SiteOne Landscape Supply from $129.00 to $114.00 and set an underweight rating on the stock in a research note on Friday, July 12th. UBS Group decreased their price objective on SiteOne Landscape Supply from $190.00 to $185.00 and set a buy rating for the company in a research note on Tuesday, July 9th. Loop Capital cut their target price on SiteOne Landscape Supply from $155.00 to $140.00 and set a hold rating on the stock in a research note on Thursday, June 13th. Jefferies Financial Group decreased their target price on SiteOne Landscape Supply from $160.00 to $125.00 and set a hold rating for the company in a research report on Thursday, July 11th. Finally, Robert W. Baird lowered their price target on SiteOne Landscape Supply from $185.00 to $175.00 and set an outperform rating for the company in a research note on Wednesday, June 5th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Hold and a consensus target price of $144.33.

SiteOne Landscape Supply Stock Down 2.9 %

NYSE SITE opened at $135.49 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.96 and a current ratio of 2.47. SiteOne Landscape Supply has a 52 week low of $114.60 and a 52 week high of $188.01. The stock has a market capitalization of $6.11 billion, a P/E ratio of 39.27 and a beta of 1.52. The stock has a fifty day moving average of $133.59 and a 200-day moving average of $153.56.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.13. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.39 billion. SiteOne Landscape Supply had a return on equity of 10.27% and a net margin of 3.50%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.71 EPS. On average, equities research analysts forecast that SiteOne Landscape Supply will post 3.56 EPS for the current year.

Institutional Trading of SiteOne Landscape Supply

A number of large investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC increased its position in shares of SiteOne Landscape Supply by 5.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 34,701 shares of the industrial products company’s stock worth $5,639,000 after acquiring an additional 1,922 shares in the last quarter. WCM Investment Management LLC raised its stake in shares of SiteOne Landscape Supply by 33.4% in the 4th quarter. WCM Investment Management LLC now owns 33,429 shares of the industrial products company’s stock valued at $5,483,000 after purchasing an additional 8,379 shares during the period. Handelsbanken Fonder AB raised its position in SiteOne Landscape Supply by 10.8% in the 4th quarter. Handelsbanken Fonder AB now owns 229,237 shares of the industrial products company’s stock valued at $37,251,000 after buying an additional 22,400 shares during the last quarter. Picton Mahoney Asset Management lifted its stake in SiteOne Landscape Supply by 3,279.9% in the 1st quarter. Picton Mahoney Asset Management now owns 24,842 shares of the industrial products company’s stock valued at $4,337,000 after acquiring an additional 24,107 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in SiteOne Landscape Supply by 54.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 22,151 shares of the industrial products company’s stock worth $3,866,000 after acquiring an additional 7,829 shares during the last quarter.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply, Inc, together with its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation products, including controllers, valves, sprinkler heads, irrigation pipes, micro irrigation, and drip products; fertilizer, grass seed, and ice melt products; control products, such as herbicides, fungicides, rodenticides, and other pesticides; landscape accessories that include mulches, soil amendments, drainage pipes, tools, and sods; nursery goods, which consist of deciduous and evergreen shrubs, ornamental, shade, evergreen trees, field grown and container-grown nursery stock, roses, perennials, annuals, bulbs, and plant species and cultivars; hardscapes, such as pavers, natural stones, blocks, and other durable materials; and outdoor lighting products that include lighting fixtures, LED lamps, wires, transformers, and accessories.