SiteOne Landscape Supply, Inc. (NYSE:SITE – Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $105.40, but opened at $114.06. SiteOne Landscape Supply shares last traded at $110.48, with a volume of 82,924 shares trading hands.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. UBS Group began coverage on shares of SiteOne Landscape Supply in a report on Friday, April 10th. They set a “neutral” rating and a $140.00 price objective for the company. Robert W. Baird set a $160.00 target price on SiteOne Landscape Supply in a report on Thursday, April 30th. Bank of America decreased their target price on SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Deutsche Bank Aktiengesellschaft raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a research note on Thursday, April 30th. Finally, Weiss Ratings cut SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, SiteOne Landscape Supply currently has a consensus rating of “Hold” and a consensus target price of $159.70.
Get Our Latest Stock Report on SITE
SiteOne Landscape Supply Trading Up 5.0%
SiteOne Landscape Supply (NYSE:SITE – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.27). The company had revenue of $940.10 million for the quarter, compared to the consensus estimate of $982.27 million. SiteOne Landscape Supply had a return on equity of 9.22% and a net margin of 3.24%.The company’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.61) earnings per share. As a group, equities research analysts predict that SiteOne Landscape Supply, Inc. will post 4.06 earnings per share for the current fiscal year.
Insider Transactions at SiteOne Landscape Supply
In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 562 shares of SiteOne Landscape Supply stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $112.52, for a total transaction of $63,236.24. Following the completion of the transaction, the director directly owned 11,267 shares of the company’s stock, valued at $1,267,762.84. The trade was a 4.75% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On SiteOne Landscape Supply
Several institutional investors have recently made changes to their positions in the company. Wasatch Advisors LP raised its position in SiteOne Landscape Supply by 11.4% in the 3rd quarter. Wasatch Advisors LP now owns 2,177,446 shares of the industrial products company’s stock worth $280,455,000 after purchasing an additional 222,959 shares during the period. Bamco Inc. NY lifted its stake in SiteOne Landscape Supply by 3.1% in the fourth quarter. Bamco Inc. NY now owns 2,028,366 shares of the industrial products company’s stock worth $252,653,000 after purchasing an additional 61,490 shares during the last quarter. 59 North Capital Management LP purchased a new position in shares of SiteOne Landscape Supply during the third quarter valued at approximately $214,417,000. Capital World Investors boosted its position in shares of SiteOne Landscape Supply by 37.9% during the fourth quarter. Capital World Investors now owns 1,402,337 shares of the industrial products company’s stock valued at $174,675,000 after buying an additional 385,666 shares during the period. Finally, Conestoga Capital Advisors LLC grew its stake in shares of SiteOne Landscape Supply by 2.9% during the first quarter. Conestoga Capital Advisors LLC now owns 1,106,701 shares of the industrial products company’s stock valued at $147,313,000 after buying an additional 31,684 shares during the last quarter.
SiteOne Landscape Supply Company Profile
SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.
In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.
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