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

SiteOne Landscape Supply (NYSE:SITE) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Thursday.

SITE has been the subject of a number of other reports. Jefferies Financial Group raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and lifted their price objective for the company from $145.00 to $175.00 in a report on Friday, December 6th. Royal Bank of Canada lifted their price objective on SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a report on Thursday. Barclays lifted their price target on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a report on Thursday, October 31st. UBS Group cut their price target on SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating for the company in a report on Thursday. Finally, Robert W. Baird cut their price target on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating for the company in a report on Thursday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $154.56.

SiteOne Landscape Supply Stock Up 3.6 %

SITE opened at $146.21 on Thursday. The company has a market capitalization of $6.60 billion, a P/E ratio of 47.32 and a beta of 1.57. The firm’s fifty day moving average price is $138.17 and its two-hundred day moving average price is $141.45. SiteOne Landscape Supply has a fifty-two week low of $114.60 and a fifty-two week high of $188.01. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.22). SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. On average, analysts anticipate that SiteOne Landscape Supply will post 2.94 EPS for the current year.

Insiders Place Their Bets

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $142.20, for a total transaction of $924,300.00. Following the completion of the sale, the executive vice president now directly owns 12,942 shares of the company’s stock, valued at approximately $1,840,352.40. The trade was a 33.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.70% of the company’s stock.

Institutional Trading of SiteOne Landscape Supply

Several institutional investors and hedge funds have recently added to or reduced their stakes in SITE. McCollum Christoferson Group LLC grew its position in shares of SiteOne Landscape Supply by 0.3% during the 3rd quarter. McCollum Christoferson Group LLC now owns 57,877 shares of the industrial products company’s stock worth $8,734,000 after buying an additional 180 shares during the period. Mitchell & Pahl Private Wealth LLC grew its position in shares of SiteOne Landscape Supply by 5.0% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 4,560 shares of the industrial products company’s stock worth $688,000 after buying an additional 219 shares during the period. Blue Trust Inc. grew its position in shares of SiteOne Landscape Supply by 287.7% during the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock worth $38,000 after buying an additional 187 shares during the period. Raymond James & Associates grew its position in shares of SiteOne Landscape Supply by 8.0% during the 3rd quarter. Raymond James & Associates now owns 309,389 shares of the industrial products company’s stock worth $46,690,000 after buying an additional 23,021 shares during the period. Finally, Private Advisor Group LLC grew its position in shares of SiteOne Landscape Supply by 4.2% during the 3rd quarter. Private Advisor Group LLC now owns 9,249 shares of the industrial products company’s stock worth $1,396,000 after buying an additional 373 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.