UBS Group set a $58.00 price objective on SiteOne Landscape Supply (NYSE:SITE) in a research note issued to investors on Wednesday, www.stocktargetadvisor.com reports. The brokerage currently has a hold rating on the industrial products company’s stock.
Several other research firms have also recently commented on SITE. Royal Bank of Canada cut shares of SiteOne Landscape Supply from an outperform rating to a sector perform rating and set a $59.00 price target for the company. in a report on Thursday, January 31st. ValuEngine cut shares of SiteOne Landscape Supply from a hold rating to a sell rating in a report on Wednesday, January 30th. SunTrust Banks cut shares of SiteOne Landscape Supply from a buy rating to a hold rating in a report on Tuesday, January 15th. Zacks Investment Research cut shares of SiteOne Landscape Supply from a hold rating to a sell rating in a report on Wednesday, January 9th. Finally, Barclays set a $61.00 price target on shares of SiteOne Landscape Supply and gave the stock a hold rating in a report on Wednesday, December 12th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. SiteOne Landscape Supply presently has a consensus rating of Hold and a consensus target price of $73.67.
Shares of SiteOne Landscape Supply stock traded down $0.71 during trading on Wednesday, hitting $55.26. The stock had a trading volume of 448,312 shares, compared to its average volume of 638,336. The company has a market cap of $2.26 billion, a P/E ratio of 32.51 and a beta of 1.06. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.72 and a quick ratio of 1.29. SiteOne Landscape Supply has a 1 year low of $45.32 and a 1 year high of $95.49.
SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Tuesday, February 19th. The industrial products company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.02. The business had revenue of $474.60 million for the quarter, compared to the consensus estimate of $473.18 million. SiteOne Landscape Supply had a net margin of 3.50% and a return on equity of 28.62%. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the firm posted $0.09 earnings per share. On average, analysts expect that SiteOne Landscape Supply will post 1.9 EPS for the current fiscal year.
In other SiteOne Landscape Supply news, EVP Pascal Convers sold 9,750 shares of SiteOne Landscape Supply stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $54.70, for a total value of $533,325.00. Following the completion of the sale, the executive vice president now directly owns 9,750 shares in the company, valued at $533,325. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John T. Guthrie sold 10,000 shares of SiteOne Landscape Supply stock in a transaction that occurred on Friday, January 18th. The shares were sold at an average price of $56.87, for a total transaction of $568,700.00. Following the completion of the sale, the chief financial officer now owns 38,186 shares of the company’s stock, valued at $2,171,637.82. The disclosure for this sale can be found here. Insiders sold 54,850 shares of company stock valued at $3,033,075 over the last quarter. Corporate insiders own 4.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of SITE. Kayne Anderson Rudnick Investment Management LLC lifted its stake in SiteOne Landscape Supply by 67.9% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,431,340 shares of the industrial products company’s stock valued at $134,380,000 after acquiring an additional 983,117 shares during the last quarter. Capital World Investors acquired a new stake in SiteOne Landscape Supply in the third quarter valued at approximately $53,228,000. Brown Advisory Inc. lifted its stake in SiteOne Landscape Supply by 92.7% in the fourth quarter. Brown Advisory Inc. now owns 793,021 shares of the industrial products company’s stock valued at $43,829,000 after acquiring an additional 381,468 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its stake in SiteOne Landscape Supply by 16.9% in the third quarter. Ontario Teachers Pension Plan Board now owns 1,950,000 shares of the industrial products company’s stock valued at $146,913,000 after acquiring an additional 281,521 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in SiteOne Landscape Supply by 619.6% in the fourth quarter. Millennium Management LLC now owns 276,709 shares of the industrial products company’s stock valued at $15,294,000 after acquiring an additional 238,257 shares during the last quarter.
About SiteOne Landscape Supply
SiteOne Landscape Supply, Inc, through its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation supplies; fertilizer and control products, such as herbicides; landscape accessories; nursery goods outdoor lighting; and ice melt products, as well as hardscapes, including pavers, natural stones, and blocks; turf protection products; grass seed; and turf care equipment and golf course maintenance supplies, as well as value-added consultative services to its customers.
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