SiteOne Landscape Supply (NYSE:SITE) Receives Hold Rating from Stifel Nicolaus

Stifel Nicolaus restated their hold rating on shares of SiteOne Landscape Supply (NYSE:SITE - Free Report) in a report released on Monday morning,Benzinga reports. They currently have a $140.00 target price on the industrial products company's stock, down from their prior target price of $145.00.

Several other equities analysts also recently commented on the stock. StockNews.com raised shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Tuesday, January 28th. Barclays lifted their target price on SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an "underweight" rating in a report on Thursday, October 31st. Robert W. Baird increased their target price on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Finally, Jefferies Financial Group upgraded SiteOne Landscape Supply from a "hold" rating to a "buy" rating and boosted their price objective for the company from $145.00 to $175.00 in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $154.56.

SiteOne Landscape Supply Trading Up 2.9 %

NYSE:SITE traded up $3.96 during trading hours on Monday, reaching $140.84. The company's stock had a trading volume of 574,205 shares, compared to its average volume of 362,235. SiteOne Landscape Supply has a 1 year low of $114.60 and a 1 year high of $188.01. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. The firm has a 50-day simple moving average of $138.24 and a 200-day simple moving average of $141.45. The firm has a market capitalization of $6.35 billion, a price-to-earnings ratio of 45.46 and a beta of 1.57.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) EPS 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%. Research analysts expect that SiteOne Landscape Supply will post 2.94 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Joseph Ketter sold 6,500 shares of the company's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $142.20, for a total transaction of $924,300.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. McCollum Christoferson Group LLC grew its holdings in shares of SiteOne Landscape Supply by 0.3% in the third quarter. McCollum Christoferson Group LLC now owns 57,877 shares of the industrial products company's stock valued at $8,734,000 after purchasing an additional 180 shares in the last quarter. Mitchell & Pahl Private Wealth LLC grew its position in shares of SiteOne Landscape Supply by 5.0% during the third quarter. Mitchell & Pahl Private Wealth LLC now owns 4,560 shares of the industrial products company's stock worth $688,000 after acquiring an additional 219 shares during the last quarter. Blue Trust Inc. increased its stake in SiteOne Landscape Supply by 287.7% in the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 187 shares during the period. Raymond James & Associates raised its stake in SiteOne Landscape Supply by 8.0% during the 3rd quarter. Raymond James & Associates now owns 309,389 shares of the industrial products company's stock valued at $46,690,000 after acquiring an additional 23,021 shares during the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of SiteOne Landscape Supply by 4.2% during the third quarter. Private Advisor Group LLC now owns 9,249 shares of the industrial products company's stock worth $1,396,000 after purchasing an additional 373 shares during the last quarter.

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.