John T. Guthrie Sells 10,000 Shares of SiteOne Landscape Supply Inc (NYSE:SITE) Stock

SiteOne Landscape Supply Inc (NYSE:SITE) CFO John T. Guthrie sold 10,000 shares of the firm’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $77.68, for a total value of $776,800.00. Following the completion of the transaction, the chief financial officer now owns 38,452 shares of the company’s stock, valued at $2,986,951.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of SITE stock opened at $78.64 on Friday. The stock has a 50 day moving average of $75.36 and a 200 day moving average of $69.57. The company has a current ratio of 2.50, a quick ratio of 1.13 and a debt-to-equity ratio of 2.33. The stock has a market cap of $3.24 billion, a P/E ratio of 45.46 and a beta of 1.02. SiteOne Landscape Supply Inc has a twelve month low of $45.32 and a twelve month high of $81.41.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.10). The company had revenue of $752.40 million for the quarter, compared to analysts’ expectations of $774.03 million. SiteOne Landscape Supply had a net margin of 3.08% and a return on equity of 22.24%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.48 earnings per share. On average, research analysts predict that SiteOne Landscape Supply Inc will post 1.62 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC raised its position in SiteOne Landscape Supply by 451.2% during the first quarter. Advisory Services Network LLC now owns 474 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 388 shares in the last quarter. Captrust Financial Advisors acquired a new stake in SiteOne Landscape Supply in the second quarter valued at approximately $40,000. Cubist Systematic Strategies LLC acquired a new stake in SiteOne Landscape Supply in the second quarter valued at approximately $62,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in SiteOne Landscape Supply by 103.6% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,374 shares of the industrial products company’s stock valued at $95,000 after purchasing an additional 699 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in SiteOne Landscape Supply by 21.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,468 shares of the industrial products company’s stock valued at $183,000 after purchasing an additional 438 shares during the period.

Several brokerages recently weighed in on SITE. Royal Bank of Canada lifted their price target on SiteOne Landscape Supply to $68.00 and gave the company a “sector perform” rating in a research report on Thursday, August 1st. Robert W. Baird upgraded SiteOne Landscape Supply from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $64.00 to $77.00 in a research report on Tuesday, June 25th. Zacks Investment Research upgraded SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. ValuEngine cut SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Berenberg Bank cut SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $72.25.

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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