SiteOne Landscape Supply (NYSE:SITE) Given New $136.00 Price Target at Royal Bank of Canada

SiteOne Landscape Supply (NYSE:SITE) had its price objective upped by Royal Bank of Canada from $129.00 to $136.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “sector perform” rating on the industrial products company’s stock. Royal Bank of Canada’s price target points to a potential downside of 3.44% from the company’s current price.

Several other equities research analysts have also issued reports on SITE. Stifel Nicolaus restated a “hold” rating and set a $140.00 price target (down previously from $145.00) on shares of SiteOne Landscape Supply in a research note on Monday. StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Barclays upped their price target on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a research report on Thursday, October 31st. Robert W. Baird decreased their price objective on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and boosted their price objective for the company from $145.00 to $175.00 in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, SiteOne Landscape Supply currently has a consensus rating of “Hold” and a consensus price target of $154.56.

SiteOne Landscape Supply Stock Performance

Shares of SITE stock traded up $3.97 during trading on Thursday, hitting $140.85. The company’s stock had a trading volume of 259,877 shares, compared to its average volume of 352,078. 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 company has a market cap of $6.35 billion, a PE ratio of 45.58 and a beta of 1.57. The business has a fifty day moving average of $138.24 and a 200-day moving average of $141.45. SiteOne Landscape Supply has a 52 week low of $114.60 and a 52 week high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) 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%. As a group, research analysts anticipate that SiteOne Landscape Supply will post 2.94 earnings per share for the current year.

Insider Transactions at SiteOne Landscape Supply

In other news, EVP Joseph Ketter sold 6,500 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $142.20, for a total value of $924,300.00. Following the transaction, the executive vice president now owns 12,942 shares of the company’s stock, valued at approximately $1,840,352.40. This represents a 33.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SITE. McCollum Christoferson Group LLC raised its position in shares of 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 valued at $8,734,000 after buying an additional 180 shares in the last quarter. Mitchell & Pahl Private Wealth LLC lifted 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 worth $688,000 after purchasing an additional 219 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of SiteOne Landscape Supply by 287.7% in the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 187 shares in the last quarter. Raymond James & Associates increased its position in shares of SiteOne Landscape Supply by 8.0% during the 3rd quarter. Raymond James & Associates now owns 309,389 shares of the industrial products company’s stock valued at $46,690,000 after purchasing an additional 23,021 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of SiteOne Landscape Supply by 4.2% during the 3rd quarter. Private Advisor Group LLC now owns 9,249 shares of the industrial products company’s stock valued at $1,396,000 after buying an additional 373 shares in 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.