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

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have been assigned a consensus recommendation of “Hold” from the nine research firms that are presently covering the firm, MarketBeat.com reports. Two equities 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. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $144.33.

Several research analysts recently weighed in on SITE shares. StockNews.com lowered SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Saturday. Robert W. Baird reduced their price target on shares of SiteOne Landscape Supply from $175.00 to $168.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. Royal Bank of Canada decreased their price target on shares of SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating for the company in a report on Thursday, August 1st. Truist Financial upped their price objective on shares of SiteOne Landscape Supply from $158.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, UBS Group decreased their target price on shares of 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.

Insider Activity

In other news, Director Fred M. Diaz sold 878 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $129.04, for a total value of $113,297.12. Following the completion of the sale, the director now directly owns 11,267 shares in the company, valued at $1,453,893.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is currently owned by insiders.

Institutional Trading of SiteOne Landscape Supply

Several hedge funds have recently added to or reduced their stakes in SITE. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of SiteOne Landscape Supply during the second quarter worth approximately $27,000. Toronto Dominion Bank bought a new stake in SiteOne Landscape Supply in the 1st quarter valued at $29,000. Principal Securities Inc. acquired a new stake in SiteOne Landscape Supply in the 4th quarter worth $31,000. GAMMA Investing LLC bought a new position in shares of SiteOne Landscape Supply during the 4th quarter worth about $38,000. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of SiteOne Landscape Supply by 588.1% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 289 shares of the industrial products company’s stock valued at $50,000 after buying an additional 247 shares during the last quarter.

SiteOne Landscape Supply Stock Performance

SiteOne Landscape Supply stock opened at $136.07 on Wednesday. SiteOne Landscape Supply has a fifty-two week low of $114.60 and a fifty-two week high of $188.01. The firm’s 50 day simple moving average is $131.19 and its 200-day simple moving average is $152.34. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.47 and a quick ratio of 1.10. The company has a market cap of $6.14 billion, a P/E ratio of 39.44 and a beta of 1.52.

SiteOne Landscape Supply (NYSE:SITE) last posted 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. SiteOne Landscape Supply had a net margin of 3.50% and a return on equity of 10.27%. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the company posted $2.71 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts predict that SiteOne Landscape Supply will post 3.19 EPS for the current year.

About SiteOne Landscape Supply

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.