SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives $156.44 Average PT from Analysts

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have been assigned an average recommendation of “Hold” from the nine research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $156.44.

Several research analysts recently weighed in on SITE shares. Robert W. Baird raised their target price on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and increased their price objective for the stock from $145.00 to $175.00 in a report on Friday, December 6th. StockNews.com upgraded shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. The Goldman Sachs Group initiated coverage on SiteOne Landscape Supply in a report on Thursday, October 10th. They issued a “neutral” rating and a $158.00 target price for the company. Finally, Barclays raised their price target on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a research report on Thursday, October 31st.

Insider Transactions at SiteOne Landscape Supply

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

Hedge Funds Weigh In On SiteOne Landscape Supply

Several large investors have recently bought and sold shares of the business. Barclays PLC increased its stake in shares of SiteOne Landscape Supply by 71.2% in the 3rd quarter. Barclays PLC now owns 48,398 shares of the industrial products company’s stock valued at $7,304,000 after acquiring an additional 20,134 shares during the last quarter. Holocene Advisors LP boosted its stake in SiteOne Landscape Supply by 38.2% in the 3rd quarter. Holocene Advisors LP now owns 51,625 shares of the industrial products company’s stock worth $7,791,000 after purchasing an additional 14,269 shares during the period. Algert Global LLC grew its holdings in shares of SiteOne Landscape Supply by 375.4% during the third quarter. Algert Global LLC now owns 29,506 shares of the industrial products company’s stock worth $4,453,000 after buying an additional 23,300 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of SiteOne Landscape Supply by 4.7% in the second quarter. The Manufacturers Life Insurance Company now owns 10,026 shares of the industrial products company’s stock valued at $1,217,000 after purchasing an additional 447 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in SiteOne Landscape Supply in the 2nd quarter valued at $449,000.

SiteOne Landscape Supply Trading Up 0.7 %

NYSE:SITE opened at $131.25 on Friday. SiteOne Landscape Supply has a 12-month low of $114.60 and a 12-month high of $188.01. The firm has a market capitalization of $5.92 billion, a P/E ratio of 42.48 and a beta of 1.56. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. The business has a 50 day simple moving average of $142.99 and a 200 day simple moving average of $139.66.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, October 30th. The industrial products company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.21). SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the business earned $1.25 earnings per share. The firm’s revenue was up 5.6% compared to the same quarter last year. Equities research analysts predict that SiteOne Landscape Supply will post 2.94 EPS for the current year.

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.