SiteOne Landscape Supply (NYSE:SITE) Shares Cross Below 50-Day Moving Average – Time to Sell?

SiteOne Landscape Supply, Inc. (NYSE:SITE) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $125.23 and traded as low as $101.91. SiteOne Landscape Supply shares last traded at $105.24, with a volume of 1,129,963 shares changing hands.

Analysts Set New Price Targets

SITE has been the topic of several recent research reports. Stifel Nicolaus upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $157.00 price objective on the stock in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a research report on Thursday, April 30th. Weiss Ratings lowered SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Bank of America lowered their price objective on SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Finally, Barclays lowered their price objective on SiteOne Landscape Supply from $150.00 to $148.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $160.10.

SiteOne Landscape Supply Stock Up 2.5%

The stock has a market cap of $4.66 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 1.34 and a beta of 1.35. The company has a current ratio of 2.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average price of $125.23 and a 200-day moving average price of $133.23.

SiteOne Landscape Supply (NYSE:SITE) last announced its earnings results on Wednesday, April 29th. The industrial products company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.27). SiteOne Landscape Supply had a net margin of 3.24% and a return on equity of 9.22%. The business had revenue of $940.10 million for the quarter, compared to analysts’ expectations of $982.27 million. During the same quarter last year, the business earned ($0.61) EPS. The company’s quarterly revenue was up .1% on a year-over-year basis. As a group, analysts forecast that SiteOne Landscape Supply, Inc. will post 4.18 earnings per share for the current year.

Insider Activity

In other news, Director Fred M. Diaz sold 563 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $115.13, for a total transaction of $64,818.19. Following the transaction, the director owned 11,829 shares in the company, valued at $1,361,872.77. This trade represents a 4.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SITE. True Wealth Design LLC raised its stake in SiteOne Landscape Supply by 541.9% in the 4th quarter. True Wealth Design LLC now owns 199 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 168 shares during the last quarter. Whittier Trust Co. raised its stake in SiteOne Landscape Supply by 72.7% in the 1st quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 88 shares during the last quarter. Rothschild Investment LLC raised its stake in SiteOne Landscape Supply by 1,521.4% in the 4th quarter. Rothschild Investment LLC now owns 227 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 213 shares during the last quarter. IFP Advisors Inc raised its stake in SiteOne Landscape Supply by 106.8% in the 4th quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 158 shares during the last quarter. Finally, Empowered Funds LLC acquired a new position in SiteOne Landscape Supply in the 4th quarter valued at $42,000.

About SiteOne Landscape Supply

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.