SiteOne Landscape Supply (NYSE:SITE) Downgraded by StockNews.com to Sell

StockNews.com downgraded shares of SiteOne Landscape Supply (NYSE:SITE) from a hold rating to a sell rating in a research note published on Wednesday.

Several other research firms have also recently commented on SITE. Robert W. Baird cut their price objective on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Jefferies Financial Group raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and upped their price objective for the stock from $145.00 to $175.00 in a research report on Friday, December 6th. UBS Group dropped their target price on SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Royal Bank of Canada upped 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. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $140.00 price objective (down from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $154.56.

SiteOne Landscape Supply Stock Down 2.0 %

Shares of SiteOne Landscape Supply stock opened at $129.67 on Wednesday. The company has a market capitalization of $5.83 billion, a P/E ratio of 48.21 and a beta of 1.57. 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 moving average of $137.19 and a two-hundred day moving average of $141.65. 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 posted its earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.22). SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. As a group, equities analysts predict that SiteOne Landscape Supply will post 3.61 EPS for the current year.

Hedge Funds Weigh In On SiteOne Landscape Supply

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC lifted its stake in SiteOne Landscape Supply by 71.2% in the third 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 raised its holdings in shares of 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 valued at $7,791,000 after purchasing an additional 14,269 shares during the period. Algert Global LLC lifted its stake in SiteOne Landscape Supply by 375.4% in the 3rd quarter. Algert Global LLC now owns 29,506 shares of the industrial products company’s stock valued at $4,453,000 after purchasing an additional 23,300 shares during the last quarter. Janus Henderson Group PLC grew its holdings in SiteOne Landscape Supply by 36.5% during the third quarter. Janus Henderson Group PLC now owns 49,784 shares of the industrial products company’s stock worth $7,512,000 after purchasing an additional 13,314 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its position in SiteOne Landscape Supply by 16.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 35,269 shares of the industrial products company’s stock worth $5,322,000 after buying an additional 4,970 shares during 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.