Insider Buying: SiteOne Landscape Supply (NYSE:SITE) CEO Purchases $1,003,730.00 in Stock

SiteOne Landscape Supply, Inc. (NYSE:SITE) CEO Doug Black acquired 9,100 shares of SiteOne Landscape Supply stock in a transaction that occurred on Friday, October 30th. The shares were bought at an average price of $110.30 per share, for a total transaction of $1,003,730.00. Following the transaction, the chief executive officer owned 18,141 shares of the company’s stock, valued at $2,000,952.30. This represents a 100.65% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Doug Black also recently made the following trade(s):

• On Wednesday, August 26th, Doug Black acquired 5,000 shares of SiteOne Landscape Supply stock. The shares were bought at an average cost of $96.13 per share, for a total transaction of $480,650.00.

SiteOne Landscape Supply Stock Down 3.7%

Shares of NYSE:SITE opened at $113.76 on Friday. The company has a quick ratio of 1.03, a current ratio of 2.41 and a debt-to-equity ratio of 0.34. The business has a fifty day moving average of $96.14 and a two-hundred day moving average of $115.92. The stock has a market cap of $4.91 billion, a P/E ratio of 31.09, a PEG ratio of 1.84 and a beta of 1.29. SiteOne Landscape Supply, Inc. has a 52-week low of $82.00 and a 52-week high of $168.56.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results on Wednesday, October 28th. The industrial products company reported $1.46 EPS for the quarter, hitting the consensus estimate of $1.46. SiteOne Landscape Supply had a return on equity of 10.06% and a net margin of 3.49%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the firm earned $1.31 EPS. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, research analysts expect that SiteOne Landscape Supply, Inc. will post 3.74 earnings per share for the current year.

Institutional Trading of SiteOne Landscape Supply

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bamco Inc. NY acquired a new stake in shares of SiteOne Landscape Supply in the second quarter valued at $232,115,000. BlackRock Inc. purchased a new stake in shares of SiteOne Landscape Supply in the 2nd quarter valued at $221,355,000. Jupiter Topco LLC purchased a new stake in shares of SiteOne Landscape Supply in the 2nd quarter valued at $59,521,000. Bank of America Corp DE acquired a new position in SiteOne Landscape Supply during the 2nd quarter worth about $49,027,000. Finally, Amundi lifted its stake in SiteOne Landscape Supply by 49.0% during the 2nd quarter. Amundi now owns 1,048,747 shares of the industrial products company’s stock worth $120,043,000 after acquiring an additional 344,980 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Barclays reduced their target price on shares of SiteOne Landscape Supply from $129.00 to $108.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. Robert W. Baird dropped their price target on shares of SiteOne Landscape Supply from $160.00 to $155.00 and set an “outperform” rating for the company in a research note on Tuesday, July 28th. KeyCorp cut their price target on shares of SiteOne Landscape Supply from $145.00 to $135.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft lowered shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating and reduced their price target for the company from $127.00 to $91.00 in a research report on Thursday, October 8th. Finally, Stifel Nicolaus decreased their price objective on SiteOne Landscape Supply from $100.00 to $94.00 and set a “hold” rating on the stock in a report on Monday, October 26th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $123.00.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply, Inc (NYSE: SITE) is a wholesale distributor of landscape and outdoor living products in the United States and Canada. The company serves landscape professionals, irrigation contractors, golf course and sports-turf managers, nursery and greenhouse operators, and other customers in the green industry.

Its product offerings include irrigation and water-management systems, landscape lighting, nursery and greenhouse supplies, fertilizers and other agronomic products, turf-care equipment, hardscape materials, outdoor living products, and pest-control supplies.