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

SiteOne Landscape Supply, Inc. (NYSE:SITE) has been given an average recommendation of “Hold” by the ten brokerages that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $147.20.

SITE has been the topic of several analyst reports. Truist Financial boosted their price target on shares of SiteOne Landscape Supply from $158.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. The Goldman Sachs Group started coverage on SiteOne Landscape Supply in a research report on Thursday, October 10th. They set a “neutral” rating and a $158.00 price target for the company. Jefferies Financial Group lowered their price target on SiteOne Landscape Supply from $160.00 to $125.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. UBS Group cut their price objective on SiteOne Landscape Supply from $190.00 to $185.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Finally, Stifel Nicolaus cut shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 target price for the company. in a research note on Thursday, August 1st.

SiteOne Landscape Supply Stock Down 0.6 %

NYSE:SITE opened at $145.02 on Monday. The company has a market cap of $6.56 billion, a PE ratio of 42.03 and a beta of 1.53. The stock has a 50-day simple moving average of $142.32 and a 200 day simple moving average of $143.53. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 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.

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 (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the company earned $2.71 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. On average, sell-side analysts expect that SiteOne Landscape Supply will post 3.23 EPS for the current fiscal year.

Insider Transactions at SiteOne Landscape Supply

In related news, Director Fred M. Diaz sold 878 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $129.04, for a total value of $113,297.12. Following the transaction, the director now owns 11,267 shares in the company, valued at approximately $1,453,893.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Toronto Dominion Bank acquired a new position in shares of SiteOne Landscape Supply in the first quarter valued at about $29,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of SiteOne Landscape Supply during the 2nd quarter worth approximately $27,000. Blue Trust Inc. increased its holdings in shares of SiteOne Landscape Supply by 287.7% during the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 187 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in shares of SiteOne Landscape Supply by 588.1% in 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 in the last quarter. Finally, American National Bank & Trust bought a new stake in shares of SiteOne Landscape Supply in the third quarter valued at approximately $49,000.

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.