SiteOne Landscape Supply (NYSE:SITE) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft initiated coverage on shares of SiteOne Landscape Supply (NYSE:SITE - Free Report) in a research note released on Tuesday morning, MarketBeat Ratings reports. The firm issued a hold rating and a $135.00 price target on the industrial products company's stock.

A number of other research analysts have also issued reports on the stock. Stifel Nicolaus reissued a "hold" rating and set a $140.00 target price (down from $145.00) on shares of SiteOne Landscape Supply in a research note on Monday, February 10th. StockNews.com upgraded SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Sunday, March 16th. UBS Group lowered their target price on SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Robert W. Baird cut their target price on SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Finally, Jefferies Financial Group raised SiteOne Landscape Supply from a "hold" rating to a "buy" rating and increased their price target for the stock from $145.00 to $175.00 in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $151.10.

SiteOne Landscape Supply Stock Performance

Shares of NYSE:SITE traded down $3.17 during trading on Tuesday, hitting $111.25. 894,811 shares of the company traded hands, compared to its average volume of 391,394. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. The business's fifty day moving average is $130.44 and its 200-day moving average is $138.86. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of 41.36 and a beta of 1.62. SiteOne Landscape Supply has a one year low of $106.24 and a one year high of $181.81.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The industrial products company reported ($0.48) EPS for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.22). SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. As a group, equities analysts predict that SiteOne Landscape Supply will post 3.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SiteOne Landscape Supply

Several hedge funds have recently made changes to their positions in the business. Jefferies Financial Group Inc. acquired a new position in SiteOne Landscape Supply in the fourth quarter worth approximately $233,000. Castlekeep Investment Advisors LLC acquired a new position in shares of SiteOne Landscape Supply in the 4th quarter worth $608,000. Public Employees Retirement System of Ohio raised its position in shares of SiteOne Landscape Supply by 10.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 52,847 shares of the industrial products company's stock worth $6,964,000 after purchasing an additional 4,878 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of SiteOne Landscape Supply by 9.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 153,907 shares of the industrial products company's stock valued at $20,280,000 after purchasing an additional 13,374 shares during the last quarter. Finally, Voloridge Investment Management LLC boosted its position in shares of SiteOne Landscape Supply by 55.7% in the 4th quarter. Voloridge Investment Management LLC now owns 135,194 shares of the industrial products company's stock valued at $17,815,000 after purchasing an additional 48,347 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.