UBS Group Begins Coverage on SiteOne Landscape Supply (NYSE:SITE)

Equities researchers at UBS Group assumed coverage on shares of SiteOne Landscape Supply (NYSE:SITE) in a research report issued on Friday, Marketbeat reports. The firm set a “neutral” rating and a $140.00 price target on the industrial products company’s stock. UBS Group’s target price would suggest a potential upside of 3.30% from the company’s current price.

A number of other analysts also recently issued reports on the company. Royal Bank Of Canada raised their target price on SiteOne Landscape Supply from $151.00 to $171.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Stifel Nicolaus set a $144.00 target price on SiteOne Landscape Supply in a research note on Monday, February 9th. Barclays raised their target price on SiteOne Landscape Supply from $134.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 12th. Bank of America initiated coverage on SiteOne Landscape Supply in a research note on Thursday, December 18th. They issued a “buy” rating and a $147.00 target price for the company. Finally, Zacks Research raised SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $160.00.

SiteOne Landscape Supply Stock Up 0.7%

NYSE SITE opened at $135.53 on Friday. The business has a fifty day moving average price of $139.76 and a 200 day moving average price of $133.61. SiteOne Landscape Supply has a one year low of $106.74 and a one year high of $168.56. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.20 and a current ratio of 2.47. The company has a market cap of $6.01 billion, a P/E ratio of 40.34, a P/E/G ratio of 1.74 and a beta of 1.57.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data on Wednesday, February 11th. The industrial products company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.09. SiteOne Landscape Supply had a return on equity of 9.28% and a net margin of 3.23%.The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the company earned ($0.48) EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. Research analysts anticipate that SiteOne Landscape Supply will post 3.61 EPS for the current fiscal year.

Insider Activity

In other SiteOne Landscape Supply news, EVP Eric J. Elema sold 1,765 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $158.01, for a total value of $278,887.65. Following the completion of the sale, the executive vice president directly owned 2,911 shares of the company’s stock, valued at $459,967.11. This trade represents a 37.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.60% of the stock is owned by company insiders.

Institutional Trading of SiteOne Landscape Supply

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wasatch Advisors LP increased its position in shares of SiteOne Landscape Supply by 11.4% during the 3rd quarter. Wasatch Advisors LP now owns 2,177,446 shares of the industrial products company’s stock worth $280,455,000 after purchasing an additional 222,959 shares during the last quarter. Bamco Inc. NY increased its position in shares of SiteOne Landscape Supply by 3.1% during the 4th quarter. Bamco Inc. NY now owns 2,028,366 shares of the industrial products company’s stock worth $252,653,000 after purchasing an additional 61,490 shares during the last quarter. 59 North Capital Management LP acquired a new stake in shares of SiteOne Landscape Supply during the 3rd quarter worth about $214,417,000. Capital World Investors increased its position in shares of SiteOne Landscape Supply by 37.9% during the 4th quarter. Capital World Investors now owns 1,402,337 shares of the industrial products company’s stock worth $174,675,000 after purchasing an additional 385,666 shares during the last quarter. Finally, State Street Corp increased its position in shares of SiteOne Landscape Supply by 1.7% during the 2nd quarter. State Street Corp now owns 777,354 shares of the industrial products company’s stock worth $94,013,000 after purchasing an additional 12,766 shares during the last quarter.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.