SiteOne Landscape Supply, Inc. (NYSE:SITE) Stock Rated “Hold” by Sell-Side Brokerages

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have earned an average rating of “Hold” from the twelve research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $121.00.

A number of equities research analysts have recently weighed in on SITE shares. Robert W. Baird cut their target price on shares of SiteOne Landscape Supply from $160.00 to $155.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 28th. William Blair reiterated a “market perform” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, October 7th. KeyCorp decreased their price target on shares of SiteOne Landscape Supply from $145.00 to $135.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. Truist Financial decreased their price target on shares of SiteOne Landscape Supply from $200.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $127.00 to $91.00 in a report on Thursday, October 8th.

Insider Buying and Selling at SiteOne Landscape Supply

In other news, CEO Doug Black bought 8,000 shares of SiteOne Landscape Supply stock in a transaction on Tuesday, August 4th. The shares were purchased at an average price of $102.03 per share, for a total transaction of $816,240.00. Following the acquisition, the chief executive officer owned 8,000 shares of the company’s stock, valued at approximately $816,240. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. IFP Advisors Inc increased its position in SiteOne Landscape Supply by 145.7% during the third quarter. IFP Advisors Inc now owns 1,108 shares of the industrial products company’s stock valued at $100,000 after acquiring an additional 657 shares during the last quarter. Fortitude Family Office LLC raised its position in SiteOne Landscape Supply by 2,178.6% in the 3rd quarter. Fortitude Family Office LLC now owns 319 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 305 shares during the period. Mitchell & Pahl Private Wealth LLC lifted its stake in SiteOne Landscape Supply by 18.1% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 7,892 shares of the industrial products company’s stock worth $713,000 after purchasing an additional 1,208 shares during the last quarter. Krilogy Financial LLC boosted its position in shares of SiteOne Landscape Supply by 69.9% during the third quarter. Krilogy Financial LLC now owns 6,871 shares of the industrial products company’s stock valued at $605,000 after buying an additional 2,828 shares during the period. Finally, NorthCrest Asset Manangement LLC bought a new position in shares of SiteOne Landscape Supply during the third quarter valued at approximately $529,000.

SiteOne Landscape Supply Stock Performance

NYSE:SITE opened at $96.74 on Friday. The stock has a market cap of $4.22 billion, a P/E ratio of 26.50, a price-to-earnings-growth ratio of 1.44 and a beta of 1.38. The firm’s fifty day simple moving average is $93.54 and its 200 day simple moving average is $107.28. SiteOne Landscape Supply has a twelve month low of $82.00 and a twelve month high of $168.56. The company has a quick ratio of 1.01, a current ratio of 2.30 and a debt-to-equity ratio of 0.36.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $3.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.22). SiteOne Landscape Supply had a net margin of 3.41% and a return on equity of 9.76%. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the previous year, the firm posted $2.86 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, research analysts predict that SiteOne Landscape Supply will post 3.92 EPS for the current year.

About SiteOne Landscape Supply

SiteOne Landscape Supply, Inc (NYSE: SITE) is a wholesale distributor of landscape and outdoor living products in the United States and Canada. The company serves landscape professionals, irrigation contractors, golf course and sports-turf managers, nursery and greenhouse operators, and other customers in the green industry.

Its product offerings include irrigation and water-management systems, landscape lighting, nursery and greenhouse supplies, fertilizers and other agronomic products, turf-care equipment, hardscape materials, outdoor living products, and pest-control supplies.