SiteOne Landscape Supply (NYSE:SITE) Price Target Raised to $183.00 at Robert W. Baird

SiteOne Landscape Supply (NYSE:SITE) had its target price lifted by Robert W. Baird from $168.00 to $183.00 in a research note issued to investors on Wednesday morning, Benzinga reports. The firm currently has an outperform rating on the industrial products company’s stock.

A number of other brokerages also recently issued reports on SITE. Jefferies Financial Group reduced their price objective on shares of SiteOne Landscape Supply from $160.00 to $125.00 and set a “hold” rating on the stock in a research note on Thursday, July 11th. The Goldman Sachs Group assumed coverage on shares of SiteOne Landscape Supply in a research report on Thursday, October 10th. They set a “neutral” rating and a $158.00 price target on the stock. StockNews.com downgraded shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. Stifel Nicolaus downgraded SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 target price on the stock. in a report on Thursday, August 1st. Finally, UBS Group lowered their price target on SiteOne Landscape Supply from $190.00 to $185.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $147.20.

SiteOne Landscape Supply Trading Down 0.6 %

Shares of SITE stock opened at $145.02 on Wednesday. The stock has a market cap of $6.54 billion, a P/E ratio of 43.03 and a beta of 1.53. SiteOne Landscape Supply has a 1 year low of $114.60 and a 1 year high of $188.01. The company has a current ratio of 2.47, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The stock has a 50 day simple moving average of $142.32 and a 200 day simple moving average of $143.70.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.13. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.39 billion. SiteOne Landscape Supply had a return on equity of 10.27% and a net margin of 3.50%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.71 EPS. On average, research analysts predict that SiteOne Landscape Supply will post 3.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 878 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $129.04, for a total value of $113,297.12. Following the sale, the director now owns 11,267 shares in the company, valued at approximately $1,453,893.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On SiteOne Landscape Supply

A number of institutional investors and hedge funds have recently made changes to their positions in SITE. MJP Associates Inc. ADV raised its stake in SiteOne Landscape Supply by 5.7% during the 2nd quarter. MJP Associates Inc. ADV now owns 1,707 shares of the industrial products company’s stock worth $207,000 after buying an additional 92 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in SiteOne Landscape Supply by 5.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,018 shares of the industrial products company’s stock valued at $245,000 after purchasing an additional 98 shares during the period. Equitable Trust Co. increased its stake in SiteOne Landscape Supply by 3.0% during the 2nd quarter. Equitable Trust Co. now owns 3,558 shares of the industrial products company’s stock valued at $432,000 after purchasing an additional 103 shares in the last quarter. iA Global Asset Management Inc. raised its holdings in SiteOne Landscape Supply by 7.9% during the first quarter. iA Global Asset Management Inc. now owns 1,741 shares of the industrial products company’s stock worth $304,000 after buying an additional 127 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in SiteOne Landscape Supply by 35.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 521 shares of the industrial products company’s stock worth $63,000 after buying an additional 135 shares during the last quarter.

About SiteOne Landscape Supply

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.