SiteOne Landscape Supply’s (SITE) “Hold (C-)” Rating Reaffirmed at Weiss Ratings

SiteOne Landscape Supply (NYSE:SITE)‘s stock had its “hold (c-)” rating reaffirmed by Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

SITE has been the subject of a number of other research reports. William Blair reissued a “market perform” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, October 15th. Royal Bank Of Canada increased their target price on shares of SiteOne Landscape Supply from $130.00 to $143.00 and gave the company a “sector perform” rating in a research report on Thursday, July 31st. Zacks Research downgraded shares of SiteOne Landscape Supply from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Loop Capital raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and raised their price objective for the stock from $150.00 to $160.00 in a research report on Friday, September 19th. Finally, Wall Street Zen raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $148.50.

SiteOne Landscape Supply Stock Performance

NYSE:SITE opened at $124.99 on Friday. The company has a market capitalization of $5.58 billion, a PE ratio of 45.62, a P/E/G ratio of 2.29 and a beta of 1.59. The company has a 50 day simple moving average of $133.68 and a two-hundred day simple moving average of $126.71. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.06 and a current ratio of 2.41. SiteOne Landscape Supply has a fifty-two week low of $101.25 and a fifty-two week high of $160.74.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, July 30th. The industrial products company reported $2.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.03). The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.49 billion. SiteOne Landscape Supply had a net margin of 2.69% and a return on equity of 7.80%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.63 EPS. Research analysts anticipate that SiteOne Landscape Supply will post 3.61 earnings per share for the current year.

Hedge Funds Weigh In On SiteOne Landscape Supply

A number of large investors have recently modified their holdings of the company. Man Group plc lifted its holdings in shares of SiteOne Landscape Supply by 0.4% in the 2nd quarter. Man Group plc now owns 22,338 shares of the industrial products company’s stock worth $2,702,000 after purchasing an additional 86 shares in the last quarter. Keynote Financial Services LLC lifted its holdings in shares of SiteOne Landscape Supply by 5.4% in the 2nd quarter. Keynote Financial Services LLC now owns 1,740 shares of the industrial products company’s stock worth $210,000 after purchasing an additional 89 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of SiteOne Landscape Supply by 61.2% in the 2nd quarter. Allworth Financial LP now owns 237 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 90 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of SiteOne Landscape Supply by 24.3% in the 1st quarter. GAMMA Investing LLC now owns 486 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 95 shares in the last quarter. Finally, HM Payson & Co. lifted its holdings in shares of SiteOne Landscape Supply by 32.2% in the 3rd quarter. HM Payson & Co. now owns 398 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 97 shares in 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.