SiteOne Landscape Supply (NYSE:SITE) Lowered to Sell Rating by StockNews.com

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

SITE has been the subject of several other reports. Barclays boosted their target price on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an "underweight" rating in a research report on Thursday, October 31st. Stifel Nicolaus reissued a "hold" rating and set a $140.00 target price (down from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday, February 10th. Robert W. Baird reduced their price target on SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating for the company in a research report on Thursday. UBS Group lowered their price objective on SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating on the stock in a report on Thursday. Finally, Jefferies Financial Group upgraded SiteOne Landscape Supply from a "hold" rating to a "buy" rating and boosted their target price for the stock from $145.00 to $175.00 in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $154.56.

SiteOne Landscape Supply Stock Up 3.6 %

Shares of NYSE:SITE traded up $5.05 during midday trading on Thursday, hitting $146.21. 498,988 shares of the stock were exchanged, compared to its average volume of 303,276. The business's fifty day simple moving average is $138.07 and its two-hundred day simple moving average is $141.43. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. SiteOne Landscape Supply has a 52-week low of $114.60 and a 52-week high of $188.01. The company has a market capitalization of $6.60 billion, a PE ratio of 47.32 and a beta of 1.57.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted its quarterly 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 9.21% and a net margin of 3.16%. As a group, research analysts predict that SiteOne Landscape Supply will post 2.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Joseph Ketter sold 6,500 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $142.20, for a total value of $924,300.00. Following the completion of the transaction, the executive vice president now owns 12,942 shares of the company's stock, valued at $1,840,352.40. This represents a 33.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.70% of the stock is currently owned by insiders.

Institutional Trading of SiteOne Landscape Supply

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of SiteOne Landscape Supply by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 4,162,578 shares of the industrial products company's stock valued at $548,503,000 after acquiring an additional 49,256 shares during the period. Wasatch Advisors LP boosted its position 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 valued at $228,107,000 after buying an additional 153,447 shares in the last quarter. Bamco Inc. NY boosted its position in SiteOne Landscape Supply by 4.6% in the fourth quarter. Bamco Inc. NY now owns 1,652,772 shares of the industrial products company's stock valued at $217,786,000 after buying an additional 72,430 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in 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 buying an additional 91,719 shares during the last quarter. Finally, Conestoga Capital Advisors LLC increased its holdings in shares of SiteOne Landscape Supply by 2.7% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,167,454 shares of the industrial products company's stock worth $153,835,000 after buying an additional 30,725 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.