Insider Selling: SiteOne Landscape Supply Inc (NYSE:SITE) VP Sells $135,720.00 in Stock

SiteOne Landscape Supply Inc (NYSE:SITE) VP Greg Weller sold 1,500 shares of SiteOne Landscape Supply stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $90.48, for a total value of $135,720.00. Following the completion of the transaction, the vice president now owns 10,611 shares in the company, valued at approximately $960,083.28. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of SITE stock opened at $90.18 on Monday. The firm has a market capitalization of $3.75 billion, a P/E ratio of 52.13 and a beta of 1.05. SiteOne Landscape Supply Inc has a twelve month low of $45.32 and a twelve month high of $92.61. The company has a quick ratio of 1.11, a current ratio of 2.44 and a debt-to-equity ratio of 1.99. The stock’s fifty day simple moving average is $80.11 and its 200 day simple moving average is $72.78.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. The business had revenue of $652.80 million for the quarter, compared to analyst estimates of $642.97 million. SiteOne Landscape Supply had a return on equity of 22.31% and a net margin of 3.18%. SiteOne Landscape Supply’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS. As a group, equities research analysts expect that SiteOne Landscape Supply Inc will post 2 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. grew its position in shares of SiteOne Landscape Supply by 44.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 40,854 shares of the industrial products company’s stock valued at $2,816,000 after buying an additional 12,640 shares during the last quarter. Bridge City Capital LLC acquired a new position in SiteOne Landscape Supply during the 2nd quarter worth approximately $1,446,000. Brown Advisory Inc. raised its stake in SiteOne Landscape Supply by 13.0% during the 2nd quarter. Brown Advisory Inc. now owns 1,161,670 shares of the industrial products company’s stock worth $80,502,000 after buying an additional 133,899 shares during the period. BB&T Corp raised its stake in SiteOne Landscape Supply by 6.1% during the 3rd quarter. BB&T Corp now owns 8,026 shares of the industrial products company’s stock worth $594,000 after buying an additional 459 shares during the period. Finally, Great Lakes Advisors LLC raised its stake in SiteOne Landscape Supply by 4.1% during the 3rd quarter. Great Lakes Advisors LLC now owns 121,775 shares of the industrial products company’s stock worth $9,014,000 after buying an additional 4,756 shares during the period.

Several brokerages have recently issued reports on SITE. ValuEngine lowered SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada boosted their price objective on SiteOne Landscape Supply to $68.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 1st. Berenberg Bank restated a “hold” rating and set a $70.00 price objective on shares of SiteOne Landscape Supply in a research report on Thursday, October 31st. Zacks Investment Research upgraded SiteOne Landscape Supply from a “hold” rating to a “strong-buy” rating and set a $103.00 price objective on the stock in a research report on Thursday, November 7th. Finally, SunTrust Banks boosted their price objective on SiteOne Landscape Supply to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $74.57.

SiteOne Landscape Supply Company Profile

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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Insider Buying and Selling by Quarter for SiteOne Landscape Supply (NYSE:SITE)

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