SiteOne Landscape Supply (NYSE:SITE) Cut to Sell at StockNews.com

StockNews.com lowered shares of SiteOne Landscape Supply (NYSE:SITE) from a hold rating to a sell rating in a research report sent to investors on Monday morning.

Several other equities research analysts also recently commented on the stock. Robert W. Baird lifted their target price on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Jefferies Financial Group raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and lifted their target price for the stock from $145.00 to $175.00 in a report on Friday, December 6th. The Goldman Sachs Group assumed coverage on SiteOne Landscape Supply in a research note on Thursday, October 10th. They issued a “neutral” rating and a $158.00 price target for the company. Finally, Barclays raised their price objective on SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $156.44.

SiteOne Landscape Supply Trading Up 1.3 %

SITE opened at $147.32 on Monday. 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 twelve month low of $114.60 and a twelve month high of $188.01. The stock has a market capitalization of $6.65 billion, a price-to-earnings ratio of 47.68 and a beta of 1.56. The company has a 50-day simple moving average of $140.43 and a 200 day simple moving average of $140.73.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.21). SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the firm earned $1.25 earnings per share. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. Analysts predict that SiteOne Landscape Supply will post 2.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $142.20, for a total transaction of $924,300.00. Following the completion of the transaction, the executive vice president now directly owns 12,942 shares of the company’s stock, valued at approximately $1,840,352.40. This represents a 33.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.60% of the stock is currently owned by insiders.

Institutional Trading of SiteOne Landscape Supply

Several institutional investors and hedge funds have recently bought and sold shares of SITE. KBC Group NV increased its holdings in shares of SiteOne Landscape Supply by 43.1% in the 4th quarter. KBC Group NV now owns 1,947 shares of the industrial products company’s stock worth $257,000 after buying an additional 586 shares during the last quarter. Crown Oak Advisors LLC raised its position in SiteOne Landscape Supply by 12.9% during the fourth quarter. Crown Oak Advisors LLC now owns 53,084 shares of the industrial products company’s stock valued at $6,995,000 after purchasing an additional 6,074 shares in the last quarter. SG Americas Securities LLC bought a new stake in SiteOne Landscape Supply during the fourth quarter worth about $427,000. Mitchell & Pahl Private Wealth LLC increased its position in shares of SiteOne Landscape Supply by 9.1% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 4,974 shares of the industrial products company’s stock valued at $655,000 after purchasing an additional 414 shares during the last quarter. Finally, Trust Co. of Vermont raised its holdings in shares of SiteOne Landscape Supply by 657.9% during the 4th quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company’s stock valued at $38,000 after buying an additional 250 shares in the last quarter.

About SiteOne Landscape Supply

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.