Other analysts also recently issued reports about the stock. TheStreet upgraded shares of SiteOne Landscape Supply from a c- rating to a b- rating in a report on Thursday, June 13th. Royal Bank of Canada raised their target price on shares of SiteOne Landscape Supply to $68.00 and gave the stock a sector perform rating in a report on Thursday. Zacks Investment Research upgraded shares of SiteOne Landscape Supply from a hold rating to a buy rating and set a $78.00 target price on the stock in a report on Wednesday, July 3rd. Robert W. Baird upgraded shares of SiteOne Landscape Supply from a neutral rating to an outperform rating and raised their target price for the stock from $64.00 to $77.00 in a report on Tuesday, June 25th. Finally, UBS Group set a $58.00 target price on shares of SiteOne Landscape Supply and gave the stock a hold rating in a report on Friday, May 3rd. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. SiteOne Landscape Supply has an average rating of Buy and a consensus price target of $76.90.
SITE stock traded up $1.28 during mid-day trading on Thursday, hitting $73.39. 299,113 shares of the company were exchanged, compared to its average volume of 340,737. The company has a current ratio of 2.38, a quick ratio of 0.94 and a debt-to-equity ratio of 2.87. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 42.42 and a beta of 1.07. The business has a 50 day simple moving average of $68.84. SiteOne Landscape Supply has a 1-year low of $45.32 and a 1-year high of $95.04.
In other news, EVP Ross Anker sold 60,346 shares of SiteOne Landscape Supply stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $66.64, for a total value of $4,021,457.44. Following the sale, the executive vice president now directly owns 55,602 shares in the company, valued at $3,705,317.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.10% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of SITE. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of SiteOne Landscape Supply by 22.1% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,968,964 shares of the industrial products company’s stock valued at $169,676,000 after purchasing an additional 537,624 shares during the last quarter. Norges Bank acquired a new stake in shares of SiteOne Landscape Supply in the fourth quarter valued at approximately $14,846,000. Millennium Management LLC grew its stake in shares of SiteOne Landscape Supply by 619.6% in the fourth quarter. Millennium Management LLC now owns 276,709 shares of the industrial products company’s stock valued at $15,294,000 after buying an additional 238,257 shares in the last quarter. Pembroke Management LTD grew its stake in shares of SiteOne Landscape Supply by 85.5% in the first quarter. Pembroke Management LTD now owns 360,665 shares of the industrial products company’s stock valued at $20,612,000 after buying an additional 166,265 shares in the last quarter. Finally, Macquarie Group Ltd. grew its stake in shares of SiteOne Landscape Supply by 107,360.3% in the fourth quarter. Macquarie Group Ltd. now owns 146,146 shares of the industrial products company’s stock valued at $8,077,000 after buying an additional 146,010 shares in the last quarter.
About SiteOne Landscape Supply
SiteOne Landscape Supply, Inc engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides a selection of approximately 120,000 stock keeping units, including irrigation supplies, fertilizer and control products, landscape accessories, nursery goods, outdoor lightings, and ice melt products, as well as hardscapes, such as pavers, natural stones, and blocks.
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