SiteOne Landscape Supply’s (SITE) “Hold” Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus reiterated their hold rating on shares of SiteOne Landscape Supply (NYSE:SITE) in a report released on Monday,Benzinga reports. The firm currently has a $140.00 price objective on the industrial products company’s stock, down from their previous price objective of $145.00.

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

SiteOne Landscape Supply Stock Up 0.6 %

NYSE:SITE opened at $133.90 on Monday. SiteOne Landscape Supply has a 1 year low of $114.60 and a 1 year high of $188.01. The stock has a 50-day moving average price of $139.18 and a two-hundred day moving average price of $141.63. The stock has a market cap of $6.04 billion, a price-to-earnings ratio of 43.33 and a beta of 1.57. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31.

Insider Activity at SiteOne Landscape Supply

In other news, EVP Joseph Ketter sold 6,500 shares of SiteOne Landscape Supply 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 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 legal filing with the SEC, which is available at this link. 2.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On SiteOne Landscape Supply

A number of hedge funds and other institutional investors have recently bought and sold shares of SITE. Nomura Asset Management Co. Ltd. raised its stake in SiteOne Landscape Supply by 90.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock valued at $32,000 after buying an additional 100 shares during the period. Blue Trust Inc. raised its stake in SiteOne Landscape Supply by 287.7% in the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 187 shares during the period. Trust Co. of Vermont lifted its holdings in SiteOne Landscape Supply by 657.9% during the 4th quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 250 shares during the last quarter. Tortoise Investment Management LLC boosted its position in SiteOne Landscape Supply by 78.9% during the fourth quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 131 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of SiteOne Landscape Supply in the third quarter valued at $71,000.

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.