UBS Group Lowers SiteOne Landscape Supply (NYSE:SITE) Price Target to $182.00

SiteOne Landscape Supply (NYSE:SITE) had its price objective reduced by UBS Group from $185.00 to $182.00 in a report issued on Thursday,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

A number of other analysts have also recently commented on SITE. Robert W. Baird dropped their price target on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a research report on Thursday. 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. Stifel Nicolaus reaffirmed a “hold” rating and issued a $140.00 price target (down previously from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday, February 10th. StockNews.com raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Jefferies Financial Group upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and upped their target price for the stock from $145.00 to $175.00 in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $154.56.

SiteOne Landscape Supply Trading Up 3.6 %

NYSE:SITE opened at $146.21 on Thursday. SiteOne Landscape Supply has a 12 month low of $114.60 and a 12 month high of $188.01. 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 company has a 50-day moving average price of $138.07 and a 200-day moving average price of $141.47. The stock has a market cap of $6.60 billion, a price-to-earnings ratio of 47.32 and a beta of 1.57.

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

Insider Buying and Selling

In other news, EVP Joseph Ketter sold 6,500 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $142.20, for a total transaction of $924,300.00. Following the transaction, the executive vice president now directly owns 12,942 shares of the company’s stock, valued at $1,840,352.40. This represents a 33.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. grew its stake in shares of SiteOne Landscape Supply by 90.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 100 shares during the period. Blue Trust Inc. grew its position in SiteOne Landscape Supply by 287.7% during the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock valued at $38,000 after buying an additional 187 shares during the period. Trust Co. of Vermont increased its holdings in SiteOne Landscape Supply by 657.9% during the fourth quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company’s stock valued at $38,000 after buying an additional 250 shares during the last quarter. Tortoise Investment Management LLC raised its position in SiteOne Landscape Supply by 78.9% in the fourth quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 131 shares during the period. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in shares of SiteOne Landscape Supply during the 4th quarter worth $40,000.

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.