SiteOne Landscape Supply (NYSE:SITE) Cut to Sell at StockNews.com

StockNews.com downgraded shares of SiteOne Landscape Supply (NYSE:SITE) from a hold rating to a sell rating in a report released on Saturday morning.

Other equities analysts also recently issued research reports about the company. Stifel Nicolaus reiterated a “hold” rating and issued a $140.00 price objective (down previously from $145.00) on shares of SiteOne Landscape Supply in a research note on Monday, February 10th. UBS Group lowered their target price on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Jefferies Financial Group raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $145.00 to $175.00 in a report on Friday, December 6th. Royal Bank of Canada upped their target price on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Finally, Robert W. Baird lowered their price objective on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, SiteOne Landscape Supply has an average rating of “Hold” and an average target price of $154.56.

SiteOne Landscape Supply Stock Performance

NYSE SITE opened at $127.24 on Friday. SiteOne Landscape Supply has a 12-month low of $114.60 and a 12-month high of $188.01. The company has a market cap of $5.72 billion, a P/E ratio of 47.30 and a beta of 1.69. The company has a fifty day simple moving average of $135.70 and a 200 day simple moving average of $141.00. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31.

SiteOne Landscape Supply (NYSE:SITE) last announced its earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.22). SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. Sell-side analysts predict that SiteOne Landscape Supply will post 3.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. lifted its holdings in shares of SiteOne Landscape Supply by 90.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. Trust Co. of Vermont boosted its position in SiteOne Landscape Supply by 657.9% in the fourth quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 250 shares during the last quarter. Tortoise Investment Management LLC boosted its holdings in shares of SiteOne Landscape Supply by 78.9% in the fourth quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company’s stock worth $39,000 after buying an additional 131 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of SiteOne Landscape Supply during the 4th quarter valued at $40,000. Finally, Brown Brothers Harriman & Co. grew its holdings in SiteOne Landscape Supply by 395.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 342 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 273 shares during the period.

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.