SiteOne Landscape Supply (NYSE:SITE) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of SiteOne Landscape Supply (NYSE:SITE) from a sell rating to a hold rating in a research note issued to investors on Sunday morning.

Several other equities analysts have also issued reports on SITE. Royal Bank of Canada lifted their price target on SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Jefferies Financial Group raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and lifted their price target for the stock from $145.00 to $175.00 in a research report on Friday, December 6th. UBS Group decreased their target price on SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Stifel Nicolaus reissued a “hold” rating and issued a $140.00 target price (down previously from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday, February 10th. Finally, Robert W. Baird decreased their target price on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $154.56.

SiteOne Landscape Supply Stock Performance

Shares of SITE stock opened at $122.65 on Friday. The company’s fifty day moving average price is $135.06 and its 200-day moving average price is $140.45. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. The stock has a market cap of $5.51 billion, a PE ratio of 45.59 and a beta of 1.69. SiteOne Landscape Supply has a 12 month low of $114.60 and a 12 month high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share (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, equities analysts expect that SiteOne Landscape Supply will post 3.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. boosted its stake in SiteOne Landscape Supply by 90.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 100 shares during the period. Trust Co. of Vermont boosted its stake in SiteOne Landscape Supply by 657.9% in the 4th quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 250 shares during the period. Tortoise Investment Management LLC boosted its stake in SiteOne Landscape Supply by 78.9% in the 4th 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. Pilgrim Partners Asia Pte Ltd bought a new position in SiteOne Landscape Supply in the 4th quarter worth approximately $40,000. Finally, Brown Brothers Harriman & Co. boosted its stake in SiteOne Landscape Supply by 395.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 342 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 273 shares during the period.

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.