Robert W. Baird Cuts SiteOne Landscape Supply (NYSE:SITE) Price Target to $175.00

SiteOne Landscape Supply (NYSE:SITE) had its price target decreased by Robert W. Baird from $183.00 to $175.00 in a research note released on Thursday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the industrial products company’s stock.

Several other equities research analysts have also issued reports on the stock. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and boosted their price target for the company from $145.00 to $175.00 in a report on Friday, December 6th. Barclays boosted their target price on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a research note on Thursday, October 31st. StockNews.com upgraded shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $140.00 target price (down previously from $145.00) on shares of SiteOne Landscape Supply in a research note on Monday, February 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, SiteOne Landscape Supply presently has a consensus rating of “Hold” and a consensus target price of $154.56.

SiteOne Landscape Supply Trading Up 3.6 %

Shares of NYSE:SITE opened at $146.21 on Thursday. SiteOne Landscape Supply has a fifty-two week low of $114.60 and a fifty-two week high of $188.01. The company has a market cap of $6.60 billion, a PE ratio of 47.32 and a beta of 1.57. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. The company’s 50-day moving average price is $138.07 and its 200 day moving average price is $141.47.

SiteOne Landscape Supply (NYSE:SITE) last announced its earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.22). SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. Sell-side analysts anticipate that SiteOne Landscape Supply will post 2.94 earnings per share for the current year.

Insider Buying and Selling at SiteOne Landscape Supply

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 6,500 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president now owns 12,942 shares of the company’s stock, valued at $1,840,352.40. This trade represents a 33.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SITE. McCollum Christoferson Group LLC increased its position in SiteOne Landscape Supply by 0.3% during the 3rd quarter. McCollum Christoferson Group LLC now owns 57,877 shares of the industrial products company’s stock worth $8,734,000 after buying an additional 180 shares during the period. Mitchell & Pahl Private Wealth LLC increased its position in SiteOne Landscape Supply by 5.0% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 4,560 shares of the industrial products company’s stock worth $688,000 after buying an additional 219 shares during the period. Blue Trust Inc. increased its position in SiteOne Landscape Supply by 287.7% during the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock worth $38,000 after buying an additional 187 shares during the period. Raymond James & Associates increased its position in shares of SiteOne Landscape Supply by 8.0% in the third quarter. Raymond James & Associates now owns 309,389 shares of the industrial products company’s stock worth $46,690,000 after purchasing an additional 23,021 shares during the period. Finally, Private Advisor Group LLC increased its position 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 period.

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.