StockNews.com Upgrades SiteOne Landscape Supply (NYSE:SITE) to “Hold”

SiteOne Landscape Supply (NYSE:SITE) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Several other equities research analysts have also recently issued reports on the stock. UBS Group decreased their target price on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Robert W. Baird decreased their price target on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Royal Bank of Canada boosted their price objective on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $140.00 target price (down from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday, February 10th. Finally, Jefferies Financial Group upgraded 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $154.56.

SiteOne Landscape Supply Stock Up 0.8 %

SITE stock opened at $123.58 on Friday. SiteOne Landscape Supply has a one year low of $114.60 and a one year high of $188.01. The stock has a market capitalization of $5.56 billion, a P/E ratio of 45.94 and a beta of 1.69. The company has a 50 day moving average price of $134.90 and a two-hundred day moving average price of $140.33. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.22). SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. As a group, sell-side analysts expect that SiteOne Landscape Supply will post 3.61 EPS for the current year.

Institutional Investors Weigh In On SiteOne Landscape Supply

Institutional investors and hedge funds have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. raised its holdings in shares of SiteOne Landscape Supply by 90.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock valued at $32,000 after buying an additional 100 shares during the period. Trust Co. of Vermont lifted its position in shares of SiteOne Landscape Supply by 657.9% during the fourth quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 250 shares in the last quarter. Tortoise Investment Management LLC boosted its position in SiteOne Landscape Supply by 78.9% in the 4th quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company’s stock valued at $39,000 after buying an additional 131 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of SiteOne Landscape Supply during the fourth quarter valued at about $40,000. Finally, Brown Brothers Harriman & Co. increased its position in shares of SiteOne Landscape Supply by 395.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 342 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 273 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.