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

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have earned a consensus recommendation of “Hold” from the nine brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $154.56.

Several analysts recently commented on SITE shares. Barclays lifted their target price on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a report on Thursday, October 31st. Jefferies Financial Group upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $145.00 to $175.00 in a research note on Friday, December 6th. Royal Bank of Canada lifted their price objective on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. StockNews.com cut shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. Finally, 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.

SiteOne Landscape Supply Stock Performance

Shares of SITE stock opened at $134.72 on Friday. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of 50.08 and a beta of 1.57. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. The company has a 50-day simple moving average of $137.52 and a 200 day simple moving average of $141.58. 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 announced its earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.22). SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. On average, sell-side analysts predict that SiteOne Landscape Supply will post 3.61 earnings per share for the current year.

Hedge Funds Weigh In On SiteOne Landscape Supply

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Castlekeep Investment Advisors LLC acquired a new position in shares of SiteOne Landscape Supply in the 4th quarter valued at approximately $608,000. Public Employees Retirement System of Ohio grew its holdings in shares of SiteOne Landscape Supply by 10.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 52,847 shares of the industrial products company’s stock valued at $6,964,000 after purchasing an additional 4,878 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of SiteOne Landscape Supply by 9.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 153,907 shares of the industrial products company’s stock valued at $20,280,000 after purchasing an additional 13,374 shares during the last quarter. Voloridge Investment Management LLC grew its holdings in shares of SiteOne Landscape Supply by 55.7% during the 4th quarter. Voloridge Investment Management LLC now owns 135,194 shares of the industrial products company’s stock valued at $17,815,000 after purchasing an additional 48,347 shares during the last quarter. Finally, Sovereign s Capital Management LLC bought a new stake in shares of SiteOne Landscape Supply during the 4th quarter valued at approximately $1,684,000.

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.