SiteOne Landscape Supply (NYSE:SITE) Shares Down 3.4%

SiteOne Landscape Supply, Inc. (NYSE:SITE - Get Free Report) fell 3.4% during trading on Thursday . The company traded as low as $175.17 and last traded at $177.28. 63,280 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 300,230 shares. The stock had previously closed at $183.60.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SITE shares. Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating and set a $120.00 price target (down from $123.00) on shares of SiteOne Landscape Supply in a report on Friday, December 8th. Royal Bank of Canada lifted their target price on shares of SiteOne Landscape Supply from $150.00 to $157.00 and gave the company a "sector perform" rating in a report on Thursday, February 15th. Robert W. Baird increased their price target on shares of SiteOne Landscape Supply from $175.00 to $190.00 and gave the stock an "outperform" rating in a report on Thursday, February 15th. Barclays boosted their target price on SiteOne Landscape Supply from $121.00 to $145.00 and gave the stock an "underweight" rating in a research report on Thursday, February 15th. Finally, Loop Capital cut SiteOne Landscape Supply from a "buy" rating to a "hold" rating in a report on Monday, January 8th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, SiteOne Landscape Supply presently has an average rating of "Hold" and an average price target of $172.88.

SiteOne Landscape Supply Price Performance

The company has a market capitalization of $7.88 billion, a PE ratio of 46.18 and a beta of 1.54. The company has a current ratio of 2.43, a quick ratio of 1.10 and a debt-to-equity ratio of 0.29. The company's 50 day moving average price is $167.32 and its 200-day moving average price is $155.83.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The industrial products company reported ($0.08) earnings per share for the quarter, beating analysts' consensus estimates of ($0.15) by $0.07. SiteOne Landscape Supply had a net margin of 4.03% and a return on equity of 12.13%. The firm had revenue of $965.00 million for the quarter, compared to analysts' expectations of $942.21 million. During the same period in the previous year, the company posted ($0.02) earnings per share. SiteOne Landscape Supply's revenue was up 8.4% compared to the same quarter last year. On average, sell-side analysts forecast that SiteOne Landscape Supply, Inc. will post 4.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other SiteOne Landscape Supply news, CFO John T. Guthrie sold 3,000 shares of the firm's stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $180.00, for a total transaction of $540,000.00. Following the completion of the sale, the chief financial officer now owns 15,467 shares in the company, valued at approximately $2,784,060. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other SiteOne Landscape Supply news, CFO John T. Guthrie sold 3,000 shares of the firm's stock in a transaction on Friday, March 8th. The shares were sold at an average price of $180.00, for a total transaction of $540,000.00. Following the completion of the transaction, the chief financial officer now directly owns 15,467 shares of the company's stock, valued at approximately $2,784,060. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Doug Black sold 10,000 shares of the business's stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $153.29, for a total transaction of $1,532,900.00. Following the completion of the sale, the chief executive officer now directly owns 580,886 shares of the company's stock, valued at approximately $89,044,014.94. The disclosure for this sale can be found here. Insiders have sold 23,000 shares of company stock valued at $3,836,400 in the last quarter. Company insiders own 2.70% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. increased its position in SiteOne Landscape Supply by 15.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 4,436 shares of the industrial products company's stock worth $717,000 after buying an additional 593 shares during the period. Cetera Advisor Networks LLC increased its holdings in shares of SiteOne Landscape Supply by 186.3% in the 1st quarter. Cetera Advisor Networks LLC now owns 2,525 shares of the industrial products company's stock worth $408,000 after acquiring an additional 1,643 shares during the period. Citigroup Inc. lifted its position in SiteOne Landscape Supply by 14.8% in the 1st quarter. Citigroup Inc. now owns 10,831 shares of the industrial products company's stock valued at $1,751,000 after purchasing an additional 1,398 shares during the last quarter. Bank of Montreal Can acquired a new position in SiteOne Landscape Supply during the 1st quarter valued at about $410,000. Finally, MetLife Investment Management LLC bought a new position in SiteOne Landscape Supply in the 1st quarter worth about $309,000.

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.