SiteOne Landscape Supply (NYSE:SITE – Get Assessment) had its price target reduced by UBS Group from $165.00 to $152.00 in a research note released Thursday, Marketbeat reports. UBS Group currently has a neutral rating on shares of the industrial products company.
A number of other analysts have also recently published reports on SITE. Royal Bank of Canada upgraded SiteOne Landscape Supply from an underperforming rating to an industry outperforming rating and lowered its target price for the stock from $128.00 to $118.00 in a research report Wednesday, June 22. Barclays reduced its target price on SiteOne Landscape Supply from $161.00 to $145.00 and set an equal weight rating for the company in a research report Thursday, July 14. TheStreet downgraded SiteOne Landscape Supply from a b- to a c+ rating in a research report on Wednesday, May 18. Robert W. Baird downgraded SiteOne Landscape Supply from an Outperform rating to a Neutral rating and set a price target of $129.00 for the company. in a research report on Thursday, July 14. Finally, Loop Capital reduced its price target on SiteOne Landscape Supply from $160.00 to $135.00 and set a holding rating for the company in a research report on Friday, July 8. Eight investment analysts gave the stock a hold rating and two gave the company a buy rating. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $152.63.
SiteOne Landscape Supply Inventory Performance
Shares of SiteOne Landscape Supply opened at $134.84 on Thursday. The company’s fifty-day simple moving average is $125.48 and its 200-day simple moving average is $147.12. The company has a market capitalization of $6.06 billion, a P/E ratio of 22.07 and a beta of 1.35. SiteOne Landscape Supply has a 12 month minimum of $108.77 and a 12 month maximum of $260.00. The company has a current ratio of 2.44, a quick ratio of 0.89 and a debt ratio of 0.38.
SiteOne Landscape Supply (NYSE:SITE – Get Rating) last reported results on Wednesday, August 3. The industrial products company reported earnings per share (EPS) of $3.07 for the quarter, beating analysts’ consensus estimate of $2.96 by $0.11. SiteOne Landscape Supply achieved a return on equity of 25.37% and a net margin of 7.45%. The company posted revenue of $1.22 billion in the quarter, versus a consensus estimate of $1.24 billion. During the same period last year, the company posted earnings per share of $2.70. The company’s revenue for the quarter increased 12.2% year over year. As a group, analysts expect SiteOne Landscape Supply to post 5.63 EPS for the current year.
Insider Activity at SiteOne Landscape Supply
In a similar vein, CEO Doug Black sold 9,530 shares of SiteOne Landscape Supply in a trade on Wednesday, July 13. The stock was sold at an average price of $119.13, for a total transaction of $1,135,308.90. Following the completion of the sale, the CEO now owns 512,599 shares of the company, valued at $61,065,918.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this link. 2.70% of the shares are held by insiders.
Institutional investors weigh in on SiteOne Landscape Supply
Major investors have recently increased or reduced their stakes in the company. Sigma Planning Corp increased its stake in SiteOne Landscape Supply by 34.0% during the first quarter. Sigma Planning Corp now owns 1,775 shares of the industrial products company worth $287,000 after buying 450 more shares in the last quarter. The Canada Pension Plan Investment Board increased its stake in SiteOne Landscape Supply by 5,989.4% during the fourth quarter. The Canada Pension Plan Investment Board now owns 25,393 shares of the industrial products company worth $6,152,000 after buying 24,976 more shares in the last quarter. Arizona State Retirement System increased its stake in SiteOne Landscape Supply by 0.8% during the first quarter. Arizona State Retirement System now owns 12,083 shares of the industrial products company worth $1,954,000 after buying 93 additional shares in the last quarter. HB Wealth Management LLC acquired a new stake in SiteOne Landscape Supply during the fourth quarter for a value of approximately $366,000. Finally, Confluence Wealth Services Inc. acquired a new stake in SiteOne Landscape Supply during the fourth quarter at a value of approximately $54,000.
Company Profile SiteOne Landscape Supply
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SiteOne Landscape Supply, Inc. is engaged in the wholesale distribution of landscape supplies in the United States and Canada. The company offers a selection of approximately 135,000 stocking units, including irrigation supplies, which include controllers, valves, sprinkler heads and irrigation hoses; fertilizers, grass seeds and de-icing products; control products, such as herbicides, fungicides, rodenticides and other pesticides; landscaping accessories including mulches, soil amendments, drainpipes, tools and sod; nursery stock, which consists of deciduous and evergreen shrubs, ornamentals, shade trees, evergreens, field and container grown nursery stock, roses, perennials, annuals, bulbs and plant species; landscaping, such as pavers, natural stones, blocks and other durable materials; and outdoor lighting products which include fixtures, LED lamps, wires, transformers and accessories.
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