SiteOne Landscape Supply (NYSE:SITE) Receives “Hold” Rating from Stifel Nicolaus

SiteOne Landscape Supply (NYSE:SITE)‘s stock had its “hold” rating reaffirmed by investment analysts at Stifel Nicolaus in a note issued to investors on Monday,Benzinga reports. They presently have a $140.00 price target on the industrial products company’s stock, down from their previous price target of $145.00. Stifel Nicolaus’ price target suggests a potential upside of 5.90% from the company’s previous close.

A number of other brokerages also recently commented on SITE. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and increased their price target for the company from $145.00 to $175.00 in a report on Friday, December 6th. Barclays increased their price target 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. StockNews.com raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Robert W. Baird raised their price objective on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, SiteOne Landscape Supply currently has an average rating of “Hold” and a consensus price target of $155.33.

SiteOne Landscape Supply Trading Down 0.7 %

Shares of NYSE:SITE traded down $0.94 during trading on Monday, reaching $132.20. The company’s stock had a trading volume of 164,483 shares, compared to its average volume of 307,485. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. SiteOne Landscape Supply has a 12 month low of $114.60 and a 12 month high of $188.01. The firm’s 50 day simple moving average is $139.18 and its two-hundred day simple moving average is $141.63. The stock has a market capitalization of $5.96 billion, a PE ratio of 42.77 and a beta of 1.57.

Insider Transactions at SiteOne Landscape Supply

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

Hedge Funds Weigh In On SiteOne Landscape Supply

Institutional investors have recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. increased its holdings in SiteOne Landscape Supply by 90.9% during the third 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. Blue Trust Inc. grew its holdings in SiteOne Landscape Supply by 287.7% in the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 187 shares during the last quarter. Trust Co. of Vermont grew its holdings in SiteOne Landscape Supply by 657.9% in 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 during the last quarter. Tortoise Investment Management LLC grew its holdings in SiteOne Landscape Supply by 78.9% in the fourth quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 131 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in SiteOne Landscape Supply in the third quarter worth $71,000.

About SiteOne Landscape Supply

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.