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

SiteOne Landscape Supply (NYSE:SITE - Free Report) had its price objective decreased by UBS Group from $185.00 to $182.00 in a research note published on Thursday,Benzinga reports. UBS Group currently has a buy rating on the industrial products company's stock.

A number of other equities research analysts have also weighed in on SITE. Robert W. Baird decreased their price objective on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating for the company in a report on Thursday. Jefferies Financial Group raised SiteOne Landscape Supply from a "hold" rating to a "buy" rating and lifted their target price for the company from $145.00 to $175.00 in a research report on Friday, December 6th. Barclays lifted their target price on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an "underweight" rating in a research report on Thursday, October 31st. Stifel Nicolaus restated a "hold" rating and issued a $140.00 price objective (down from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. Finally, StockNews.com upgraded SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a report on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $154.56.

SiteOne Landscape Supply Trading Up 3.6 %

Shares of SITE stock traded up $5.05 on Thursday, reaching $146.21. 498,988 shares of the company's stock were exchanged, compared to its average volume of 303,276. SiteOne Landscape Supply has a 52 week low of $114.60 and a 52 week 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 stock has a market capitalization of $6.60 billion, a PE ratio of 47.32 and a beta of 1.57. The company's fifty day simple moving average is $138.07 and its 200 day simple moving average is $141.43.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released its earnings results 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 return on equity of 9.21% and a net margin of 3.16%. As a group, analysts forecast that SiteOne Landscape Supply will post 2.94 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Joseph Ketter sold 6,500 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $142.20, for a total transaction of $924,300.00. Following the completion of the transaction, the executive vice president now owns 12,942 shares in the company, valued at $1,840,352.40. The trade was a 33.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SiteOne Landscape Supply

A number of large investors have recently made changes to their positions in the business. Nomura Asset Management Co. Ltd. raised its stake in SiteOne Landscape Supply by 90.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company's stock valued at $32,000 after buying an additional 100 shares during the last quarter. Blue Trust Inc. raised its position in shares of SiteOne Landscape Supply by 287.7% in the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 187 shares during the last quarter. Trust Co. of Vermont boosted its stake in SiteOne Landscape Supply by 657.9% in the 4th quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company's stock worth $38,000 after purchasing an additional 250 shares in the last quarter. Tortoise Investment Management LLC grew its position in SiteOne Landscape Supply by 78.9% during the 4th quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company's stock worth $39,000 after purchasing an additional 131 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in SiteOne Landscape Supply during the 4th quarter valued at approximately $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.