SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives Average Rating of "Hold" from Analysts

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Get Free Report) have been given a consensus rating of "Hold" by the nine analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $154.56.

A number of research firms have recently issued reports on SITE. Robert W. Baird lowered their price objective on SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Stifel Nicolaus reiterated a "hold" rating and set a $140.00 price target (down previously from $145.00) on shares of SiteOne Landscape Supply in a research note on Monday, February 10th. StockNews.com upgraded shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Sunday, March 16th. Royal Bank of Canada lifted their target price on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. Finally, UBS Group dropped their price target on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating for the company in a research report on Thursday, February 13th.

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Institutional Trading of SiteOne Landscape Supply

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of SiteOne Landscape Supply by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 4,162,578 shares of the industrial products company's stock worth $548,503,000 after acquiring an additional 49,256 shares in the last quarter. Wasatch Advisors LP boosted its stake in SiteOne Landscape Supply by 9.7% in the fourth quarter. Wasatch Advisors LP now owns 1,731,098 shares of the industrial products company's stock worth $228,107,000 after purchasing an additional 153,447 shares in the last quarter. Bamco Inc. NY grew its holdings in shares of SiteOne Landscape Supply by 4.6% during the fourth quarter. Bamco Inc. NY now owns 1,652,772 shares of the industrial products company's stock worth $217,786,000 after purchasing an additional 72,430 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of SiteOne Landscape Supply by 6.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,598,005 shares of the industrial products company's stock worth $210,570,000 after purchasing an additional 91,719 shares during the last quarter. Finally, Conestoga Capital Advisors LLC increased its stake in shares of SiteOne Landscape Supply by 2.7% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,167,454 shares of the industrial products company's stock valued at $153,835,000 after buying an additional 30,725 shares in the last quarter.

SiteOne Landscape Supply Stock Performance

NYSE SITE traded up $0.15 during midday trading on Thursday, hitting $122.03. The company had a trading volume of 890,325 shares, compared to its average volume of 376,041. The firm has a fifty day simple moving average of $134.37 and a two-hundred day simple moving average of $139.85. SiteOne Landscape Supply has a fifty-two week low of $114.60 and a fifty-two week high of $186.42. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. The stock has a market cap of $5.49 billion, a price-to-earnings ratio of 45.37 and a beta of 1.69.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released its earnings results 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 return on equity of 7.93% and a net margin of 2.72%. Equities analysts forecast that SiteOne Landscape Supply will post 3.61 earnings per share for the current fiscal year.

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.