SiteOne Landscape Supply (NYSE:SITE) PT Lowered to $185.00 at UBS Group

SiteOne Landscape Supply (NYSE:SITE) had its price objective reduced by UBS Group from $190.00 to $185.00 in a report released on Tuesday morning, Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

SITE has been the subject of a number of other research reports. Barclays lowered their price target on SiteOne Landscape Supply from $133.00 to $129.00 and set an underweight rating for the company in a research report on Wednesday, June 5th. Stifel Nicolaus decreased their target price on SiteOne Landscape Supply from $165.00 to $150.00 and set a buy rating for the company in a research report on Monday, June 10th. Truist Financial decreased their target price on SiteOne Landscape Supply from $175.00 to $158.00 and set a buy rating for the company in a research report on Thursday, June 6th. Robert W. Baird cut their price target on SiteOne Landscape Supply from $185.00 to $175.00 and set an outperform rating on the stock in a research note on Wednesday, June 5th. Finally, Loop Capital cut their price target on SiteOne Landscape Supply from $155.00 to $140.00 and set a hold rating on the stock in a research note on Thursday, June 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $148.78.

SiteOne Landscape Supply Price Performance

Shares of NYSE:SITE opened at $129.50 on Tuesday. The company has a market cap of $5.85 billion, a P/E ratio of 37.54 and a beta of 1.52. The company has a quick ratio of 0.96, a current ratio of 2.36 and a debt-to-equity ratio of 0.35. SiteOne Landscape Supply has a 52 week low of $114.60 and a 52 week high of $188.01. The business has a fifty day simple moving average of $138.80 and a 200-day simple moving average of $155.74.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results on Wednesday, May 1st. The industrial products company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.22). SiteOne Landscape Supply had a net margin of 3.63% and a return on equity of 10.77%. The firm had revenue of $904.80 million for the quarter, compared to analysts’ expectations of $864.01 million. During the same period last year, the firm posted ($0.10) EPS. SiteOne Landscape Supply’s revenue was up 8.1% on a year-over-year basis. Equities research analysts forecast that SiteOne Landscape Supply will post 3.81 EPS for the current year.

Insider Buying and Selling at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, CEO Doug Black sold 10,000 shares of the business’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $162.10, for a total transaction of $1,621,000.00. Following the completion of the sale, the chief executive officer now owns 574,657 shares in the company, valued at $93,151,899.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On SiteOne Landscape Supply

Several institutional investors have recently made changes to their positions in SITE. Wasatch Advisors LP boosted its position in SiteOne Landscape Supply by 47.8% during the 1st quarter. Wasatch Advisors LP now owns 986,602 shares of the industrial products company’s stock valued at $172,211,000 after purchasing an additional 319,071 shares during the period. Jackson Square Partners LLC boosted its holdings in shares of SiteOne Landscape Supply by 25.6% during the fourth quarter. Jackson Square Partners LLC now owns 809,775 shares of the industrial products company’s stock valued at $131,588,000 after acquiring an additional 165,067 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in shares of SiteOne Landscape Supply by 100.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 255,922 shares of the industrial products company’s stock worth $41,587,000 after acquiring an additional 128,076 shares during the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of SiteOne Landscape Supply in the 1st quarter worth about $21,860,000. Finally, Allianz Asset Management GmbH lifted its position in SiteOne Landscape Supply by 14.7% in the 4th quarter. Allianz Asset Management GmbH now owns 798,300 shares of the industrial products company’s stock valued at $129,724,000 after purchasing an additional 102,207 shares during 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.