SiteOne Landscape Supply (NYSE:SITE) Given New $182.00 Price Target at UBS Group

SiteOne Landscape Supply (NYSE:SITE) had its target price lowered by UBS Group from $185.00 to $182.00 in a research note issued to investors on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the industrial products company’s stock.

Other analysts have also recently issued research reports about the stock. Robert W. Baird lowered their price objective on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating for the company in a research report on Thursday. Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and increased their price target for the stock from $145.00 to $175.00 in a report on Friday, December 6th. StockNews.com upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Tuesday, January 28th. Barclays increased their target price on SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a research note on Thursday, October 31st. Finally, Stifel Nicolaus restated a “hold” rating and set a $140.00 target price (down from $145.00) on shares of SiteOne Landscape Supply in a report on Monday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, SiteOne Landscape Supply currently has a consensus rating of “Hold” and a consensus target price of $154.56.

SiteOne Landscape Supply Price Performance

SiteOne Landscape Supply stock opened at $141.19 on Thursday. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $6.37 billion, a P/E ratio of 45.69 and a beta of 1.57. The business has a 50-day moving average of $138.24 and a 200-day moving average of $141.45. SiteOne Landscape Supply has a 1 year low of $114.60 and a 1 year high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.22). SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. On average, equities analysts anticipate that SiteOne Landscape Supply will post 2.94 EPS for the current year.

Insider Buying and Selling at SiteOne Landscape Supply

In related news, EVP Joseph Ketter sold 6,500 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $142.20, for a total value of $924,300.00. Following the completion of the transaction, the executive vice president now owns 12,942 shares of the company’s stock, valued at approximately $1,840,352.40. This trade represents a 33.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On SiteOne Landscape Supply

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in SiteOne Landscape Supply by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 4,162,578 shares of the industrial products company’s stock worth $548,503,000 after acquiring an additional 49,256 shares in the last quarter. Wasatch Advisors LP increased its position in shares of SiteOne Landscape Supply by 9.7% during the 4th quarter. Wasatch Advisors LP now owns 1,731,098 shares of the industrial products company’s stock worth $228,107,000 after purchasing an additional 153,447 shares during the last quarter. Bamco Inc. NY raised its stake in shares of SiteOne Landscape Supply by 8.9% during the 3rd quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company’s stock worth $238,489,000 after purchasing an additional 129,252 shares in the last quarter. Conestoga Capital Advisors LLC boosted its holdings in shares of SiteOne Landscape Supply by 2.7% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,167,454 shares of the industrial products company’s stock valued at $153,835,000 after buying an additional 30,725 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of SiteOne Landscape Supply by 0.5% in the third quarter. Geode Capital Management LLC now owns 717,975 shares of the industrial products company’s stock valued at $108,381,000 after buying an additional 3,434 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.