SiteOne Landscape Supply (NYSE:SITE) Earns Hold Rating from Stifel Nicolaus

SiteOne Landscape Supply (NYSE:SITE)‘s stock had its “hold” rating restated by analysts at Stifel Nicolaus in a research note issued to investors on Monday,Benzinga reports. They currently have a $140.00 target price on the industrial products company’s stock, down from their previous target price of $145.00. Stifel Nicolaus’ target price suggests a potential upside of 5.01% from the company’s current price.

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

SiteOne Landscape Supply Stock Down 0.6 %

Shares of NYSE SITE opened at $133.32 on Monday. 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 has a 1 year low of $114.60 and a 1 year high of $188.01. The stock’s 50-day simple moving average is $138.83 and its 200-day simple moving average is $141.57. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 43.14 and a beta of 1.57.

Insider Activity

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of the business’s stock in a transaction 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 owns 12,942 shares in the company, valued at approximately $1,840,352.40. The trade was a 33.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. raised its position 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. boosted its stake in shares of SiteOne Landscape Supply by 287.7% during the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock valued at $38,000 after buying an additional 187 shares during the period. Trust Co. of Vermont increased its stake in shares of 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 acquiring an additional 250 shares during the last quarter. Tortoise Investment Management LLC raised its holdings in shares of SiteOne Landscape Supply by 78.9% during the fourth quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 131 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in SiteOne Landscape Supply in the third quarter valued at about $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.