SiteOne Landscape Supply (NYSE:SITE) Given New $175.00 Price Target at Robert W. Baird

SiteOne Landscape Supply (NYSE:SITE) had its price objective reduced by Robert W. Baird from $183.00 to $175.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have an outperform rating on the industrial products company’s stock.

Several other brokerages also recently commented on SITE. Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and raised their target price for the stock from $145.00 to $175.00 in a research note on Friday, December 6th. Barclays raised their price objective on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a report on Thursday, October 31st. StockNews.com upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $140.00 price objective (down from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday, February 10th. 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $154.56.

SiteOne Landscape Supply Trading Up 3.6 %

Shares of SiteOne Landscape Supply stock opened at $146.21 on Thursday. The company has a market capitalization of $6.60 billion, a P/E ratio of 47.32 and a beta of 1.57. 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 fifty day simple moving average of $138.07 and a 200 day simple moving average of $141.47. SiteOne Landscape Supply has a 12-month low of $114.60 and a 12-month high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly 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%. On average, sell-side analysts anticipate that SiteOne Landscape Supply will post 2.94 earnings per share for the current fiscal year.

Insider Activity at SiteOne Landscape Supply

In related news, EVP Joseph Ketter sold 6,500 shares of SiteOne Landscape Supply stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $142.20, for a total transaction of $924,300.00. Following the sale, the executive vice president now directly owns 12,942 shares in the company, valued at $1,840,352.40. The trade was a 33.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SiteOne Landscape Supply

Several hedge funds have recently made changes to their positions in SITE. McCollum Christoferson Group LLC boosted its position in shares of SiteOne Landscape Supply by 0.3% during the third quarter. McCollum Christoferson Group LLC now owns 57,877 shares of the industrial products company’s stock valued at $8,734,000 after purchasing an additional 180 shares in the last quarter. Mitchell & Pahl Private Wealth LLC raised its stake in SiteOne Landscape Supply by 5.0% during the third quarter. Mitchell & Pahl Private Wealth LLC now owns 4,560 shares of the industrial products company’s stock valued at $688,000 after buying an additional 219 shares during the last quarter. Blue Trust Inc. raised its stake in SiteOne Landscape Supply by 287.7% during the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock valued at $38,000 after buying an additional 187 shares during the last quarter. Raymond James & Associates raised its stake in SiteOne Landscape Supply by 8.0% during the third quarter. Raymond James & Associates now owns 309,389 shares of the industrial products company’s stock valued at $46,690,000 after buying an additional 23,021 shares during the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of SiteOne Landscape Supply by 4.2% in the third quarter. Private Advisor Group LLC now owns 9,249 shares of the industrial products company’s stock worth $1,396,000 after purchasing an additional 373 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.