SiteOne Landscape Supply (NYSE:SITE) Price Target Cut to $182.00 by Analysts at UBS Group

SiteOne Landscape Supply (NYSE:SITE) had its price objective cut by analysts at UBS Group from $185.00 to $182.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. UBS Group’s target price indicates a potential upside of 29.60% from the company’s current price.

A number of other research analysts also recently issued reports on SITE. Robert W. Baird reduced their price objective on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a research report on Thursday. StockNews.com raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and boosted their price objective for the company from $145.00 to $175.00 in a research report on Friday, December 6th. Stifel Nicolaus restated a “hold” rating and set a $140.00 target price (down previously from $145.00) on shares of SiteOne Landscape Supply in a report on Monday. Finally, Barclays boosted their target price on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $154.11.

SiteOne Landscape Supply Trading Up 2.6 %

Shares of NYSE SITE traded up $3.55 during mid-day trading on Thursday, hitting $140.43. The stock had a trading volume of 29,511 shares, compared to its average volume of 344,226. 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 business has a 50 day moving average price of $138.24 and a two-hundred day moving average price of $141.45. The firm has a market cap of $6.34 billion, a P/E ratio of 45.45 and a beta of 1.57.

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

Insider Buying and Selling

In related news, EVP Joseph Ketter sold 6,500 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $142.20, for a total value of $924,300.00. Following the transaction, the executive vice president now owns 12,942 shares in the company, valued at $1,840,352.40. The trade was a 33.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SiteOne Landscape Supply

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. lifted its stake in SiteOne Landscape Supply by 143.0% during the 4th quarter. Russell Investments Group Ltd. now owns 71,782 shares of the industrial products company’s stock valued at $9,453,000 after acquiring an additional 42,239 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in SiteOne Landscape Supply during the 4th quarter valued at about $374,000. Pilgrim Partners Asia Pte Ltd bought a new position in SiteOne Landscape Supply during the 4th quarter valued at about $40,000. Landscape Capital Management L.L.C. lifted its stake in SiteOne Landscape Supply by 149.7% during the 4th quarter. Landscape Capital Management L.L.C. now owns 11,810 shares of the industrial products company’s stock valued at $1,556,000 after acquiring an additional 7,080 shares during the period. Finally, Trexquant Investment LP lifted its stake in SiteOne Landscape Supply by 89.7% during the 4th quarter. Trexquant Investment LP now owns 59,358 shares of the industrial products company’s stock valued at $7,822,000 after acquiring an additional 28,062 shares during the period.

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.