SiteOne Landscape Supply (NYSE:SITE) Research Coverage Started at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of SiteOne Landscape Supply (NYSE:SITE) in a report released on Thursday, Marketbeat.com reports. The firm issued a neutral rating and a $158.00 price objective on the industrial products company’s stock.

A number of other research analysts have also recently issued reports on the company. Jefferies Financial Group lowered their price objective on SiteOne Landscape Supply from $160.00 to $125.00 and set a hold rating for the company in a research note on Thursday, July 11th. Stifel Nicolaus cut shares of SiteOne Landscape Supply from a buy rating to a hold rating and set a $150.00 price target on the stock. in a research note on Thursday, August 1st. Robert W. Baird reduced their price objective on shares of SiteOne Landscape Supply from $175.00 to $168.00 and set an outperform rating for the company in a research note on Thursday, August 1st. StockNews.com downgraded shares of SiteOne Landscape Supply from a hold rating to a sell rating in a research note on Saturday, August 10th. Finally, Barclays reduced their price target on shares of SiteOne Landscape Supply from $129.00 to $114.00 and set an underweight rating for the company in a research report on Friday, July 12th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $145.70.

SiteOne Landscape Supply Stock Up 6.1 %

NYSE:SITE opened at $148.32 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.47 and a quick ratio of 1.10. The firm’s 50-day moving average price is $141.01 and its 200-day moving average price is $144.94. The company has a market capitalization of $6.71 billion, a PE ratio of 42.99 and a beta of 1.53. SiteOne Landscape Supply has a 1-year low of $114.60 and a 1-year high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $2.63 earnings per share for the quarter, topping 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 business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the prior year, the company earned $2.71 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year. On average, equities analysts predict that SiteOne Landscape Supply will post 3.19 EPS for the current fiscal year.

Insider Transactions at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 878 shares of the stock in a transaction dated Monday, August 5th. The stock was 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 of the company’s stock, valued at approximately $1,453,893.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.70% of the company’s stock.

Institutional Trading of SiteOne Landscape Supply

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wasatch Advisors LP grew its position in shares of SiteOne Landscape Supply by 47.8% during the 1st quarter. Wasatch Advisors LP now owns 986,602 shares of the industrial products company’s stock valued at $172,211,000 after acquiring an additional 319,071 shares during the period. Bank of New York Mellon Corp grew its holdings in SiteOne Landscape Supply by 49.3% during the second quarter. Bank of New York Mellon Corp now owns 479,581 shares of the industrial products company’s stock valued at $58,226,000 after purchasing an additional 158,350 shares during the period. Lord Abbett & CO. LLC purchased a new stake in SiteOne Landscape Supply in the first quarter worth about $21,860,000. Vaughan Nelson Investment Management L.P. raised its stake in shares of SiteOne Landscape Supply by 130.9% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 198,214 shares of the industrial products company’s stock worth $24,065,000 after buying an additional 112,362 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of SiteOne Landscape Supply by 44.3% during the 2nd quarter. American Century Companies Inc. now owns 360,079 shares of the industrial products company’s stock valued at $43,717,000 after buying an additional 110,589 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.