SiteOne Landscape Supply, Inc. (NYSE:SITE) Given Consensus Rating of "Hold" by Brokerages

SiteOne Landscape Supply, Inc. (NYSE:SITE - Get Free Report) has been given a consensus recommendation of "Hold" by the ten ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $145.70.

A number of equities analysts have recently commented on the company. Wall Street Zen downgraded SiteOne Landscape Supply from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Loop Capital reduced their price objective on SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating on the stock in a research note on Friday, April 4th. Stifel Nicolaus dropped their price objective on SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating on the stock in a report on Monday, April 28th. Deutsche Bank Aktiengesellschaft assumed coverage on SiteOne Landscape Supply in a research report on Tuesday, April 1st. They set a "hold" rating and a $135.00 price objective for the company. Finally, Royal Bank Of Canada cut their price objective on SiteOne Landscape Supply from $136.00 to $130.00 and set a "sector perform" rating for the company in a report on Thursday, May 1st.

SiteOne Landscape Supply Price Performance

Shares of NYSE:SITE opened at $128.76 on Wednesday. SiteOne Landscape Supply has a 1-year low of $101.25 and a 1-year high of $160.75. The firm's 50 day simple moving average is $122.27 and its two-hundred day simple moving average is $125.28. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.36 and a quick ratio of 0.97. The company has a market capitalization of $5.77 billion, a P/E ratio of 51.30, a P/E/G ratio of 2.02 and a beta of 1.55.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The industrial products company reported ($0.61) earnings per share for the quarter, missing analysts' consensus estimates of ($0.50) by ($0.11). The business had revenue of $939.40 million during the quarter, compared to analysts' expectations of $933.90 million. SiteOne Landscape Supply had a return on equity of 7.31% and a net margin of 2.53%. The firm's revenue was up 3.8% compared to the same quarter last year. During the same period last year, the company earned ($0.43) earnings per share. Research analysts expect that SiteOne Landscape Supply will post 3.61 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Doug Black sold 29,760 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $129.28, for a total value of $3,847,372.80. Following the completion of the transaction, the chief executive officer directly owned 596,684 shares of the company's stock, valued at $77,139,307.52. This represents a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph Ketter sold 39,640 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $126.28, for a total transaction of $5,005,739.20. Following the transaction, the executive vice president directly owned 13,663 shares of the company's stock, valued at $1,725,363.64. This represents a 74.37% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.60% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its stake in shares of SiteOne Landscape Supply by 12.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,079,615 shares of the industrial products company's stock worth $738,309,000 after purchasing an additional 660,081 shares during the period. Vanguard Group Inc. lifted its position in shares of SiteOne Landscape Supply by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 4,162,578 shares of the industrial products company's stock worth $548,503,000 after purchasing an additional 49,256 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in SiteOne Landscape Supply by 31.0% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,092,742 shares of the industrial products company's stock valued at $254,143,000 after acquiring an additional 494,737 shares during the last quarter. Wasatch Advisors LP raised its holdings in shares of SiteOne Landscape Supply by 9.7% in the fourth quarter. Wasatch Advisors LP now owns 1,731,098 shares of the industrial products company's stock worth $228,107,000 after buying an additional 153,447 shares during the last quarter. Finally, Bamco Inc. NY increased its stake in shares of SiteOne Landscape Supply by 4.6% in the fourth quarter. Bamco Inc. NY now owns 1,652,772 shares of the industrial products company's stock worth $217,786,000 after acquiring an additional 72,430 shares during the period.

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.

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