SiteOne Landscape Supply (NYSE:SITE) CEO Purchases $480,650.00 in Stock

SiteOne Landscape Supply, Inc. (NYSE:SITE) CEO Doug Black purchased 5,000 shares of the business’s stock in a transaction on Wednesday, August 26th. The stock was purchased at an average cost of $96.13 per share, for a total transaction of $480,650.00. Following the completion of the acquisition, the chief executive officer directly owned 13,000 shares of the company’s stock, valued at approximately $1,249,690. The trade was a 62.50% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, August 4th, Doug Black purchased 8,000 shares of SiteOne Landscape Supply stock. The shares were acquired at an average cost of $102.03 per share, for a total transaction of $816,240.00.

SiteOne Landscape Supply Stock Up 1.1%

Shares of SITE traded up $1.06 during midday trading on Friday, hitting $96.56. 548,535 shares of the company’s stock traded hands, compared to its average volume of 778,385. The company has a current ratio of 2.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 1.39 and a beta of 1.35. SiteOne Landscape Supply, Inc. has a 1 year low of $90.07 and a 1 year high of $168.56. The firm’s fifty day moving average is $103.00 and its 200-day moving average is $120.03.

SiteOne Landscape Supply (NYSE:SITE) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $3.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.36 by ($0.22). SiteOne Landscape Supply had a net margin of 3.41% and a return on equity of 9.76%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the company earned $2.86 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.93 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Man Group plc raised its stake in shares of SiteOne Landscape Supply by 0.4% in the second quarter. Man Group plc now owns 22,338 shares of the industrial products company’s stock worth $2,702,000 after purchasing an additional 86 shares during the last quarter. Whittier Trust Co. increased its holdings in SiteOne Landscape Supply by 72.7% in the 1st quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock worth $27,000 after buying an additional 88 shares during the period. Parallel Advisors LLC increased its holdings in SiteOne Landscape Supply by 15.6% in the 1st quarter. Parallel Advisors LLC now owns 652 shares of the industrial products company’s stock worth $87,000 after buying an additional 88 shares during the period. State of New Jersey Common Pension Fund D raised its position in SiteOne Landscape Supply by 0.5% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 16,928 shares of the industrial products company’s stock worth $2,109,000 after buying an additional 89 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in SiteOne Landscape Supply by 36.6% during the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock worth $48,000 after buying an additional 107 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SITE. Royal Bank Of Canada cut their price objective on shares of SiteOne Landscape Supply from $171.00 to $135.00 and set an “outperform” rating on the stock in a report on Thursday, July 30th. Robert W. Baird dropped their target price on shares of SiteOne Landscape Supply from $160.00 to $155.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 28th. Stifel Nicolaus reissued a “hold” rating and set a $100.00 target price (down from $153.00) on shares of SiteOne Landscape Supply in a research report on Thursday, July 30th. Weiss Ratings lowered shares of SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, August 17th. Finally, Truist Financial decreased their price target on shares of SiteOne Landscape Supply from $200.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $135.27.

About SiteOne Landscape Supply

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.