SiteOne Landscape Supply (NYSE:SITE) Raised to “Strong-Buy” at KeyCorp

SiteOne Landscape Supply (NYSE:SITE) was upgraded by analysts at KeyCorp to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities analysts also recently commented on SITE. UBS Group reaffirmed a “neutral” rating on shares of SiteOne Landscape Supply in a research report on Thursday, June 25th. Zacks Research cut SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a report on Monday, June 22nd. Bank of America reduced their price target on SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Weiss Ratings lowered SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Finally, Robert W. Baird set a $160.00 price objective on SiteOne Landscape Supply in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $158.36.

SiteOne Landscape Supply Stock Down 1.6%

Shares of SITE opened at $105.19 on Monday. SiteOne Landscape Supply has a 52 week low of $100.52 and a 52 week high of $168.56. The firm has a market cap of $4.66 billion, a P/E ratio of 31.22, a price-to-earnings-growth ratio of 1.43 and a beta of 1.34. The firm’s 50-day simple moving average is $111.42 and its 200 day simple moving average is $129.43. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 2.33.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly 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). The company had revenue of $940.10 million during the quarter, compared to the consensus estimate of $982.27 million. SiteOne Landscape Supply had a net margin of 3.24% and a return on equity of 9.22%. The firm’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.61) earnings per share. On average, analysts forecast that SiteOne Landscape Supply will post 4.06 earnings per share for the current year.

Insider Activity

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 563 shares of the stock in a transaction that occurred 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 $1,361,872.77. This represents a 4.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SiteOne Landscape Supply

A number of hedge funds and other institutional investors have recently made changes to their positions in SITE. True Wealth Design LLC grew its position in SiteOne Landscape Supply by 541.9% during the fourth quarter. True Wealth Design LLC now owns 199 shares of the industrial products company’s stock worth $25,000 after buying an additional 168 shares in the last quarter. Basecamp Wealth Advisors LLC raised its holdings in SiteOne Landscape Supply by 219.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 185 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 127 shares in the last quarter. Whittier Trust Co. raised its holdings in SiteOne Landscape Supply by 72.7% in the 1st quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 88 shares in the last quarter. Rothschild Investment LLC lifted its position in shares of SiteOne Landscape Supply by 1,521.4% during the 4th quarter. Rothschild Investment LLC now owns 227 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 213 shares during the period. Finally, IFP Advisors Inc lifted its position in shares of SiteOne Landscape Supply by 106.8% during the 4th quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 158 shares during the period.

SiteOne Landscape Supply Company Profile

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.