SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives Average Recommendation of “Hold” from Analysts

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have earned a consensus recommendation of “Hold” from the ten research firms that are currently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $162.50.

A number of equities analysts recently issued reports on SITE shares. Stifel Nicolaus set a $144.00 price objective on SiteOne Landscape Supply in a report on Monday, February 9th. Robert W. Baird set a $190.00 target price on SiteOne Landscape Supply in a research note on Thursday, February 12th. Barclays lifted their target price on SiteOne Landscape Supply from $134.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 12th. Truist Financial upped their price target on shares of SiteOne Landscape Supply from $165.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Finally, Zacks Research raised shares of SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th.

SiteOne Landscape Supply Stock Performance

SiteOne Landscape Supply stock opened at $126.92 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.47 and a quick ratio of 1.20. The firm has a market capitalization of $5.64 billion, a P/E ratio of 37.77, a price-to-earnings-growth ratio of 1.64 and a beta of 1.57. SiteOne Landscape Supply has a 1-year low of $101.25 and a 1-year high of $168.56. The company’s 50-day moving average is $140.92 and its 200 day moving average is $133.74.

SiteOne Landscape Supply (NYSE:SITE) last announced its earnings results on Wednesday, February 11th. The industrial products company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.09. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. SiteOne Landscape Supply had a return on equity of 9.28% and a net margin of 3.23%.The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.48) earnings per share. Research analysts forecast that SiteOne Landscape Supply will post 3.61 EPS for the current year.

Insider Transactions at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, EVP Eric J. Elema sold 1,765 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $158.01, for a total value of $278,887.65. Following the transaction, the executive vice president directly owned 2,911 shares in the company, valued at $459,967.11. This represents a 37.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.60% of the stock is currently owned by company insiders.

Institutional Trading of SiteOne Landscape Supply

A number of large investors have recently modified their holdings of the company. Man Group plc increased its holdings in SiteOne Landscape Supply by 0.4% during the 2nd quarter. Man Group plc now owns 22,338 shares of the industrial products company’s stock worth $2,702,000 after purchasing an additional 86 shares during the period. State of New Jersey Common Pension Fund D raised its position in SiteOne Landscape Supply by 0.5% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 16,928 shares of the industrial products company’s stock valued at $2,109,000 after purchasing an additional 89 shares in the last quarter. HM Payson & Co. lifted its holdings in shares of SiteOne Landscape Supply by 32.2% in the 3rd quarter. HM Payson & Co. now owns 398 shares of the industrial products company’s stock worth $51,000 after buying an additional 97 shares during the period. Mitchell & Pahl Private Wealth LLC lifted its holdings in shares of SiteOne Landscape Supply by 1.8% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 5,797 shares of the industrial products company’s stock worth $747,000 after buying an additional 105 shares during the period. Finally, NewEdge Advisors LLC grew its position in shares of SiteOne Landscape Supply by 36.6% during the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock worth $48,000 after buying an additional 107 shares in the last quarter.

SiteOne Landscape Supply Company Profile

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.