Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE – Get Free Report) have received an average recommendation of “Hold” from the twelve analysts that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $159.70.
A number of research firms have recently commented on SITE. Zacks Research downgraded SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a report on Monday, June 22nd. UBS Group reissued a “neutral” rating on shares of SiteOne Landscape Supply in a research report on Thursday, June 25th. Bank of America cut their price target on shares of SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Stifel Nicolaus reduced their price target on shares of SiteOne Landscape Supply from $157.00 to $153.00 and set a “buy” rating on the stock in a research report on Monday, June 22nd. Finally, Robert W. Baird set a $160.00 price target on shares of SiteOne Landscape Supply in a research report on Thursday, April 30th.
View Our Latest Analysis on SITE
SiteOne Landscape Supply Stock Up 0.5%
SiteOne Landscape Supply (NYSE:SITE – Get Free Report) last issued its earnings results 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). SiteOne Landscape Supply had a return on equity of 9.22% and a net margin of 3.24%.The firm had revenue of $940.10 million during the quarter, compared to analysts’ expectations of $982.27 million. During the same period last year, the business posted ($0.61) earnings per share. The company’s quarterly revenue was up .1% compared to the same quarter last year. On average, analysts anticipate that SiteOne Landscape Supply will post 4.06 EPS for the current year.
Insider Activity at SiteOne Landscape Supply
In related news, Director Fred M. Diaz sold 563 shares of SiteOne Landscape Supply stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $115.13, for a total transaction of $64,818.19. Following the transaction, the director owned 11,829 shares in the company, valued at approximately $1,361,872.77. The trade was a 4.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.10% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the stock. 59 North Capital Management LP acquired a new stake in SiteOne Landscape Supply in the third quarter valued at approximately $214,417,000. Cartenna Capital LP acquired a new position in shares of SiteOne Landscape Supply during the third quarter worth $63,756,000. Amundi purchased a new position in shares of SiteOne Landscape Supply in the third quarter valued at $59,763,000. AQR Capital Management LLC grew its holdings in SiteOne Landscape Supply by 171.0% during the 4th quarter. AQR Capital Management LLC now owns 691,558 shares of the industrial products company’s stock valued at $86,140,000 after purchasing an additional 436,376 shares in the last quarter. Finally, Southpoint Capital Advisors LP purchased a new stake in SiteOne Landscape Supply during the 4th quarter worth $49,824,000.
About SiteOne Landscape Supply
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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