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 issued on Tuesday, Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

A number of other analysts have also commented on the company. Robert W. Baird lowered their price objective on SiteOne Landscape Supply from $185.00 to $175.00 and set an outperform 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. Loop Capital decreased their target price on SiteOne Landscape Supply from $155.00 to $140.00 and set a hold rating for the company in a research report on Thursday, June 13th. Barclays decreased their target price 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. Finally, 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. Two 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, the stock presently has an average rating of Hold and an average target price of $148.78.

SiteOne Landscape Supply Price Performance

Shares of SITE stock opened at $129.50 on Tuesday. The stock has a 50-day moving average price of $138.80 and a 200 day moving average price of $155.74. The company has a quick ratio of 0.96, a current ratio of 2.36 and a debt-to-equity ratio of 0.35. The firm has a market cap of $5.85 billion, a price-to-earnings ratio of 37.54 and a beta of 1.52. SiteOne Landscape Supply has a 12 month low of $114.60 and a 12 month high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, May 1st. The industrial products company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.22). The firm had revenue of $904.80 million during the quarter, compared to analyst estimates of $864.01 million. SiteOne Landscape Supply had a return on equity of 10.77% and a net margin of 3.63%. SiteOne Landscape Supply’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.10) earnings per share. Research analysts expect 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 that occurred on Wednesday, April 17th. The stock was sold at an average price of $162.10, for a total value of $1,621,000.00. Following the sale, the chief executive officer now owns 574,657 shares in the company, valued at approximately $93,151,899.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On SiteOne Landscape Supply

A number of institutional investors and hedge funds have recently made changes to their positions in SITE. iA Global Asset Management Inc. bought a new stake in shares of SiteOne Landscape Supply during the 3rd quarter worth approximately $105,000. Townsquare Capital LLC raised its stake in shares of SiteOne Landscape Supply by 1.1% during the 3rd quarter. Townsquare Capital LLC now owns 6,838 shares of the industrial products company’s stock worth $1,118,000 after purchasing an additional 74 shares in the last quarter. Comerica Bank bought a new stake in shares of SiteOne Landscape Supply during the 3rd quarter worth approximately $14,624,000. Graham Capital Management L.P. acquired a new position in shares of SiteOne Landscape Supply during the 3rd quarter worth approximately $221,000. Finally, SG Americas Securities LLC increased its holdings in shares of SiteOne Landscape Supply by 55.4% during the 4th quarter. SG Americas Securities LLC now owns 1,698 shares of the industrial products company’s stock worth $276,000 after acquiring an additional 605 shares during the last quarter.

About SiteOne Landscape Supply

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.