SiteOne Landscape Supply (NYSE:SITE) was upgraded by equities research analysts at UBS Group from a “sell” rating to a “neutral” rating in a research report issued on Thursday, 99wallstreet.com reports. The brokerage currently has a $75.00 price objective on the industrial products company’s stock. UBS Group’s price objective points to a potential upside of 7.62% from the company’s previous close.
A number of other brokerages also recently issued reports on SITE. TheStreet upgraded shares of SiteOne Landscape Supply from a “c” rating to a “b-” rating in a research note on Thursday, August 9th. Zacks Investment Research downgraded shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research note on Thursday, July 19th. Royal Bank of Canada increased their price objective on shares of SiteOne Landscape Supply to $110.00 and gave the stock a “positive” rating in a research note on Wednesday, June 27th. Robert W. Baird downgraded shares of SiteOne Landscape Supply from an “outperform” rating to a “neutral” rating and set a $38.00 price objective on the stock. in a research note on Tuesday, July 3rd. Finally, Barclays increased their price objective on shares of SiteOne Landscape Supply from $67.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, August 1st. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. SiteOne Landscape Supply presently has an average rating of “Buy” and an average target price of $83.75.
Shares of SiteOne Landscape Supply stock opened at $69.69 on Thursday. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 57.60 and a beta of 1.46. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.23 and a current ratio of 2.69. SiteOne Landscape Supply has a 12-month low of $60.08 and a 12-month high of $95.49.
SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, August 1st. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.07). The firm had revenue of $687.80 million for the quarter, compared to analyst estimates of $689.21 million. SiteOne Landscape Supply had a return on equity of 28.71% and a net margin of 3.39%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.07 earnings per share. On average, analysts predict that SiteOne Landscape Supply will post 2.01 EPS for the current fiscal year.
In other news, VP Joseph Ketter sold 3,000 shares of the stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $93.67, for a total value of $281,010.00. Following the completion of the transaction, the vice president now owns 8,396 shares of the company’s stock, valued at $786,453.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO John T. Guthrie sold 10,000 shares of the stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $87.81, for a total transaction of $878,100.00. Following the completion of the transaction, the chief financial officer now directly owns 38,186 shares of the company’s stock, valued at approximately $3,353,112.66. The disclosure for this sale can be found here. Insiders sold 199,925 shares of company stock valued at $17,895,116 in the last three months. Company insiders own 4.40% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC lifted its holdings in shares of SiteOne Landscape Supply by 87.6% in the second quarter. SG Americas Securities LLC now owns 4,104 shares of the industrial products company’s stock worth $345,000 after acquiring an additional 1,916 shares during the last quarter. Strs Ohio raised its holdings in SiteOne Landscape Supply by 246.2% in the 2nd quarter. Strs Ohio now owns 4,500 shares of the industrial products company’s stock valued at $377,000 after buying an additional 3,200 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in SiteOne Landscape Supply by 62.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 4,735 shares of the industrial products company’s stock valued at $397,000 after buying an additional 1,813 shares during the last quarter. Sei Investments Co. raised its holdings in SiteOne Landscape Supply by 78.8% in the 2nd quarter. Sei Investments Co. now owns 4,993 shares of the industrial products company’s stock valued at $419,000 after buying an additional 2,201 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new position in SiteOne Landscape Supply in the 2nd quarter valued at approximately $419,000.
SiteOne Landscape Supply Company Profile
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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