SiteOne Landscape Supply’s (SITE) “Hold” Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus reiterated their hold rating on shares of SiteOne Landscape Supply (NYSE:SITE) in a research note released on Monday,Benzinga reports. Stifel Nicolaus currently has a $140.00 price target on the industrial products company’s stock, down from their prior price target of $145.00.

SITE has been the topic of a number of other research reports. Jefferies Financial Group upgraded shares of 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 research note on Friday, December 6th. StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Tuesday, January 28th. Robert W. Baird raised their target price on SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, Barclays boosted their price target on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a report on Thursday, October 31st. 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. Based on data from MarketBeat, SiteOne Landscape Supply has a consensus rating of “Hold” and a consensus price target of $155.33.

SiteOne Landscape Supply Stock Performance

SITE opened at $136.93 on Monday. The firm’s 50-day moving average price is $138.47 and its 200-day moving average price is $141.48. The company has a market cap of $6.18 billion, a P/E ratio of 44.31 and a beta of 1.57. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. SiteOne Landscape Supply has a 52-week low of $114.60 and a 52-week high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.22). SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. As a group, equities analysts anticipate that SiteOne Landscape Supply will post 2.94 EPS for the current fiscal year.

Insider Buying and Selling at SiteOne Landscape Supply

In related 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 completion of the sale, the executive vice president now owns 12,942 shares of the company’s stock, valued at approximately $1,840,352.40. This represents a 33.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On SiteOne Landscape Supply

Several hedge funds and other institutional investors have recently made changes to their positions in SITE. Tidal Investments LLC raised its position in shares of SiteOne Landscape Supply by 1.5% during the 3rd quarter. Tidal Investments LLC now owns 5,166 shares of the industrial products company’s stock valued at $780,000 after buying an additional 77 shares during the period. Arizona State Retirement System grew its holdings in shares of SiteOne Landscape Supply by 0.6% during the 4th quarter. Arizona State Retirement System now owns 13,096 shares of the industrial products company’s stock worth $1,726,000 after purchasing an additional 77 shares during the period. HighPoint Advisor Group LLC raised its holdings in SiteOne Landscape Supply by 4.0% in the 4th quarter. HighPoint Advisor Group LLC now owns 2,037 shares of the industrial products company’s stock valued at $271,000 after buying an additional 78 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in SiteOne Landscape Supply by 90.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock valued at $32,000 after buying an additional 100 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in SiteOne Landscape Supply by 6.1% during the third quarter. Arkadios Wealth Advisors now owns 1,842 shares of the industrial products company’s stock worth $278,000 after buying an additional 106 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.