SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives $156.44 Consensus Price Target from Brokerages

SiteOne Landscape Supply, Inc. (NYSE:SITE) has earned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $156.44.

SITE has been the topic of a number of recent research reports. Jefferies Financial Group raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and lifted their target price for the company from $145.00 to $175.00 in a research report on Friday, December 6th. The Goldman Sachs Group began coverage on shares of SiteOne Landscape Supply in a report on Thursday, October 10th. They issued a “neutral” rating and a $158.00 target price on the stock. Barclays increased their target price on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a report on Thursday, October 31st. StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, Robert W. Baird lifted their target price on SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th.

Insider Buying and Selling at SiteOne Landscape Supply

In other news, EVP Joseph Ketter sold 6,500 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $142.20, for a total value of $924,300.00. Following the completion of the sale, the executive vice president now owns 12,942 shares in the company, valued at $1,840,352.40. This represents a 33.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On SiteOne Landscape Supply

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wasatch Advisors LP grew its position in SiteOne Landscape Supply by 11.4% during the third quarter. Wasatch Advisors LP now owns 1,577,651 shares of the industrial products company’s stock valued at $238,083,000 after buying an additional 161,846 shares during the period. Bamco Inc. NY grew its position in shares of SiteOne Landscape Supply by 8.9% during the 3rd quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company’s stock valued at $238,489,000 after acquiring an additional 129,252 shares during the period. WCM Investment Management LLC increased its stake in shares of SiteOne Landscape Supply by 593.6% during the 4th quarter. WCM Investment Management LLC now owns 131,317 shares of the industrial products company’s stock worth $17,242,000 after purchasing an additional 112,385 shares during the last quarter. Premier Fund Managers Ltd raised its holdings in shares of SiteOne Landscape Supply by 14.1% in the 3rd quarter. Premier Fund Managers Ltd now owns 405,738 shares of the industrial products company’s stock worth $61,415,000 after purchasing an additional 50,000 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in SiteOne Landscape Supply by 6,488.6% in the third quarter. International Assets Investment Management LLC now owns 36,369 shares of the industrial products company’s stock valued at $5,488,000 after purchasing an additional 35,817 shares during the last quarter.

SiteOne Landscape Supply Stock Down 0.9 %

Shares of SiteOne Landscape Supply stock opened at $142.31 on Wednesday. SiteOne Landscape Supply has a 52-week low of $114.60 and a 52-week high of $188.01. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. The business’s 50 day simple moving average is $140.94 and its 200 day simple moving average is $141.67. The firm has a market cap of $6.42 billion, a PE ratio of 46.06 and a beta of 1.56.

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.