SiteOne Landscape Supply’s (SITE) Hold Rating Reiterated at Stifel Nicolaus

SiteOne Landscape Supply (NYSE:SITE)‘s stock had its “hold” rating reiterated by stock analysts at Stifel Nicolaus in a note issued to investors on Monday,Benzinga reports. They currently have a $140.00 price target on the industrial products company’s stock, down from their previous price target of $145.00. Stifel Nicolaus’ price objective indicates a potential upside of 5.90% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. StockNews.com raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Tuesday, January 28th. Barclays boosted their target price on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a research note on Thursday, October 31st. Jefferies Financial Group upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and increased their price objective for the company from $145.00 to $175.00 in a report on Friday, December 6th. Finally, Robert W. Baird increased their price objective on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $155.33.

SiteOne Landscape Supply Stock Performance

SITE traded down $0.94 on Monday, reaching $132.20. The stock had a trading volume of 164,483 shares, compared to its average volume of 307,485. SiteOne Landscape Supply has a 12-month low of $114.60 and a 12-month high of $188.01. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. The business’s 50-day moving average price is $139.18 and its two-hundred day moving average price is $141.63. The company has a market cap of $5.96 billion, a P/E ratio of 42.77 and a beta of 1.57.

Insider Buying and Selling

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 12,942 shares of the company’s stock, valued at $1,840,352.40. This trade represents a 33.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 2.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SiteOne Landscape Supply

Hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC raised its stake in SiteOne Landscape Supply by 71.2% during the 3rd quarter. Barclays PLC now owns 48,398 shares of the industrial products company’s stock worth $7,304,000 after acquiring an additional 20,134 shares in the last quarter. Holocene Advisors LP raised its stake in SiteOne Landscape Supply by 38.2% during the 3rd quarter. Holocene Advisors LP now owns 51,625 shares of the industrial products company’s stock worth $7,791,000 after acquiring an additional 14,269 shares in the last quarter. Algert Global LLC raised its stake in SiteOne Landscape Supply by 375.4% during the 3rd quarter. Algert Global LLC now owns 29,506 shares of the industrial products company’s stock worth $4,453,000 after acquiring an additional 23,300 shares in the last quarter. Janus Henderson Group PLC raised its stake in SiteOne Landscape Supply by 36.5% during the 3rd quarter. Janus Henderson Group PLC now owns 49,784 shares of the industrial products company’s stock worth $7,512,000 after acquiring an additional 13,314 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in SiteOne Landscape Supply by 16.4% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 35,269 shares of the industrial products company’s stock worth $5,322,000 after acquiring an additional 4,970 shares in 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.