SiteOne Landscape Supply (NYSE:SITE) Given New $106.00 Price Target at Barclays

SiteOne Landscape Supply (NYSE:SITE) had its price objective lowered by Barclays from $120.00 to $106.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an underweight rating on the industrial products company’s stock.

Several other analysts also recently weighed in on the company. UBS Group cut their price target on SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Loop Capital reduced their price objective on shares of SiteOne Landscape Supply from $150.00 to $125.00 and set a “hold” rating for the company in a research note on Friday, April 4th. Stifel Nicolaus reiterated a “hold” rating and set a $140.00 price target (down previously from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft initiated coverage on SiteOne Landscape Supply in a research report on Tuesday, April 1st. They issued a “hold” rating and a $135.00 price objective on the stock. Finally, StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Sunday, March 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $149.70.

SiteOne Landscape Supply Trading Down 4.5 %

SITE opened at $104.65 on Tuesday. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 38.90 and a beta of 1.62. SiteOne Landscape Supply has a one year low of $103.70 and a one year high of $181.81. The business has a 50 day simple moving average of $128.09 and a two-hundred day simple moving average of $137.88. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.22). SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. Analysts predict that SiteOne Landscape Supply will post 3.61 EPS for the current year.

Institutional Trading of SiteOne Landscape Supply

Institutional investors and hedge funds have recently made changes to their positions in the business. Nomura Asset Management Co. Ltd. boosted its position in SiteOne Landscape Supply by 90.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock valued at $32,000 after buying an additional 100 shares during the period. Trust Co. of Vermont boosted its holdings in shares of SiteOne Landscape Supply by 657.9% in the fourth quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 250 shares during the period. Tortoise Investment Management LLC grew its stake in SiteOne Landscape Supply by 78.9% in the fourth quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 131 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in SiteOne Landscape Supply during the 4th quarter worth $40,000. Finally, Brown Brothers Harriman & Co. raised its position in SiteOne Landscape Supply by 395.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 342 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 273 shares in the last quarter.

SiteOne Landscape Supply Company Profile

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.