SiteOne Landscape Supply’s (SITE) “Hold” Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus reaffirmed their hold rating on shares of SiteOne Landscape Supply (NYSE:SITE) in a research note issued to investors on Monday morning,Benzinga reports. Stifel Nicolaus currently has a $140.00 target price on the industrial products company’s stock, down from their prior target price of $145.00.

Several other research firms have also issued reports on SITE. Jefferies Financial Group upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and lifted their target price for the company from $145.00 to $175.00 in a report on Friday, December 6th. Robert W. Baird lifted their target price on SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Barclays boosted their price objective on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $155.33.

SiteOne Landscape Supply Stock Performance

Shares of SITE opened at $136.93 on Monday. SiteOne Landscape Supply has a one year low of $114.60 and a one year high of $188.01. The company has a 50-day simple moving average of $138.47 and a two-hundred day simple moving average of $141.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. The firm has a market capitalization of $6.18 billion, a PE ratio of 44.31 and a beta of 1.57.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.22). SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. On average, analysts anticipate that SiteOne Landscape Supply will post 2.94 EPS for the current fiscal year.

Insider Buying and Selling at SiteOne Landscape Supply

In related news, EVP Joseph Ketter sold 6,500 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $142.20, for a total transaction of $924,300.00. Following the completion of the transaction, the executive vice president now directly owns 12,942 shares of the company’s stock, valued at approximately $1,840,352.40. This represents a 33.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SITE. Landscape Capital Management L.L.C. raised its position in shares of SiteOne Landscape Supply by 149.7% during the 4th quarter. Landscape Capital Management L.L.C. now owns 11,810 shares of the industrial products company’s stock valued at $1,556,000 after buying an additional 7,080 shares in the last quarter. Trexquant Investment LP lifted its stake in shares of SiteOne Landscape Supply by 89.7% in the 4th quarter. Trexquant Investment LP now owns 59,358 shares of the industrial products company’s stock valued at $7,822,000 after purchasing an additional 28,062 shares during the last quarter. HighPoint Advisor Group LLC boosted its holdings in shares of SiteOne Landscape Supply by 4.0% in the 4th quarter. HighPoint Advisor Group LLC now owns 2,037 shares of the industrial products company’s stock worth $271,000 after purchasing an additional 78 shares during the period. B. Metzler seel. Sohn & Co. AG raised its holdings in SiteOne Landscape Supply by 136.5% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 29,859 shares of the industrial products company’s stock valued at $3,935,000 after buying an additional 17,231 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its stake in shares of SiteOne Landscape Supply by 14.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,776 shares of the industrial products company’s stock valued at $234,000 after buying an additional 219 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.