SiteOne Landscape Supply (NYSE:SITE) Now Covered by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft assumed coverage on shares of SiteOne Landscape Supply (NYSE:SITE - Free Report) in a report published on Tuesday, MarketBeat Ratings reports. The brokerage issued a hold rating and a $135.00 price objective on the industrial products company's stock.

A number of other research analysts have also recently commented on the company. Robert W. Baird lowered their price target on SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. StockNews.com raised shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Sunday, March 16th. Royal Bank of Canada boosted their target price on SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th. Jefferies Financial Group upgraded SiteOne Landscape Supply from a "hold" rating to a "buy" rating and raised their price target for the company from $145.00 to $175.00 in a report on Friday, December 6th. Finally, Stifel Nicolaus reaffirmed a "hold" rating and set a $140.00 price objective (down from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $152.60.

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SiteOne Landscape Supply Stock Performance

Shares of SITE stock traded down $8.07 during trading hours on Tuesday, reaching $114.58. 1,057,081 shares of the company traded hands, compared to its average volume of 388,023. The firm has a 50-day moving average price of $131.80 and a 200 day moving average price of $139.24. The company has a market cap of $5.15 billion, a P/E ratio of 42.60 and a beta of 1.62. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. SiteOne Landscape Supply has a 12-month low of $110.75 and a 12-month high of $181.81.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share 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, sell-side analysts predict that SiteOne Landscape Supply will post 3.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Jefferies Financial Group Inc. bought a new stake in shares of SiteOne Landscape Supply in the 4th quarter worth about $233,000. Castlekeep Investment Advisors LLC bought a new stake in SiteOne Landscape Supply in the fourth quarter worth about $608,000. Public Employees Retirement System of Ohio boosted 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 valued at $6,964,000 after buying an additional 4,878 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position 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 buying an additional 13,374 shares during the period. Finally, Voloridge Investment Management LLC grew its stake in shares of SiteOne Landscape Supply by 55.7% during the fourth quarter. Voloridge Investment Management LLC now owns 135,194 shares of the industrial products company's stock valued at $17,815,000 after buying an additional 48,347 shares during the last quarter.

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.