SiteOne Landscape Supply (NYSE:SITE) Trading Down 5.2%

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) fell 5.2% during trading on Tuesday . The company traded as low as $124.22 and last traded at $124.49. 165,986 shares traded hands during trading, a decline of 50% from the average session volume of 332,231 shares. The stock had previously closed at $131.31.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Loop Capital decreased their price target on shares of SiteOne Landscape Supply from $155.00 to $140.00 and set a “hold” rating on the stock in a research note on Thursday, June 13th. Robert W. Baird decreased their target price on SiteOne Landscape Supply from $185.00 to $175.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 5th. Truist Financial dropped their price target on SiteOne Landscape Supply from $175.00 to $158.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. Barclays decreased their price objective on SiteOne Landscape Supply from $133.00 to $129.00 and set an “underweight” rating on the stock in a report on Wednesday, June 5th. Finally, Stifel Nicolaus dropped their target price on shares of SiteOne Landscape Supply from $165.00 to $150.00 and set a “buy” rating for the company in a report on Monday, June 10th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, SiteOne Landscape Supply currently has a consensus rating of “Hold” and an average target price of $153.63.

SiteOne Landscape Supply Stock Performance

The stock has a market cap of $5.60 billion, a price-to-earnings ratio of 35.93 and a beta of 1.54. The firm’s 50-day moving average price is $147.28 and its two-hundred day moving average price is $158.82. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.96 and a current ratio of 2.36.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, May 1st. The industrial products company reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.22). The firm had revenue of $904.80 million during the quarter, compared to analyst estimates of $864.01 million. SiteOne Landscape Supply had a net margin of 3.63% and a return on equity of 10.77%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.10) earnings per share. On average, analysts expect that SiteOne Landscape Supply, Inc. will post 3.81 EPS for the current fiscal year.

Insider Buying and Selling

In other SiteOne Landscape Supply news, CEO Doug Black sold 10,000 shares of SiteOne Landscape Supply stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $162.10, for a total value of $1,621,000.00. Following the sale, the chief executive officer now owns 574,657 shares in the company, valued at $93,151,899.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SiteOne Landscape Supply

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of SiteOne Landscape Supply by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 4,158,085 shares of the industrial products company’s stock worth $725,794,000 after purchasing an additional 23,362 shares during the period. Conestoga Capital Advisors LLC boosted its position in shares of SiteOne Landscape Supply by 0.8% during the first quarter. Conestoga Capital Advisors LLC now owns 1,113,359 shares of the industrial products company’s stock worth $194,337,000 after buying an additional 8,865 shares during the period. Wasatch Advisors LP grew its stake in shares of SiteOne Landscape Supply by 47.8% in the first quarter. Wasatch Advisors LP now owns 986,602 shares of the industrial products company’s stock valued at $172,211,000 after buying an additional 319,071 shares in the last quarter. Jackson Square Partners LLC raised its holdings in shares of SiteOne Landscape Supply by 25.6% in the 4th quarter. Jackson Square Partners LLC now owns 809,775 shares of the industrial products company’s stock valued at $131,588,000 after buying an additional 165,067 shares during the period. Finally, Allianz Asset Management GmbH lifted its stake in SiteOne Landscape Supply by 14.7% during the 4th quarter. Allianz Asset Management GmbH now owns 798,300 shares of the industrial products company’s stock worth $129,724,000 after acquiring an additional 102,207 shares in 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.