SiteOne Landscape Supply, Inc. (NYSE:SITE) CEO Doug Black Sells 10,000 Shares

SiteOne Landscape Supply, Inc. (NYSE:SITE) CEO Doug Black sold 10,000 shares of the company’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $162.10, for a total transaction of $1,621,000.00. Following the completion of the sale, the chief executive officer now directly owns 574,657 shares in the company, valued at $93,151,899.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, March 13th, Doug Black sold 10,000 shares of SiteOne Landscape Supply stock. The shares were sold at an average price of $176.35, for a total transaction of $1,763,500.00.

SiteOne Landscape Supply Price Performance

Shares of SITE opened at $158.26 on Friday. The stock has a market cap of $7.15 billion, a P/E ratio of 41.87 and a beta of 1.54. The business’s fifty day moving average is $170.87 and its 200 day moving average is $156.78. The company has a quick ratio of 1.10, a current ratio of 2.43 and a debt-to-equity ratio of 0.29. SiteOne Landscape Supply, Inc. has a 12-month low of $116.81 and a 12-month high of $188.01.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, February 14th. The industrial products company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.07. SiteOne Landscape Supply had a net margin of 4.03% and a return on equity of 12.13%. The firm had revenue of $965.00 million for the quarter, compared to analyst estimates of $942.21 million. During the same period last year, the firm earned ($0.02) earnings per share. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. Sell-side analysts anticipate that SiteOne Landscape Supply, Inc. will post 4.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SITE shares. Royal Bank of Canada lifted their price objective on SiteOne Landscape Supply from $150.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 15th. Robert W. Baird lifted their target price on SiteOne Landscape Supply from $175.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Barclays increased their price target on SiteOne Landscape Supply from $121.00 to $145.00 and gave the stock an “underweight” rating in a report on Thursday, February 15th. Truist Financial lifted their price objective on shares of SiteOne Landscape Supply from $170.00 to $204.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Finally, Loop Capital lowered shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $172.88.

Institutional Trading of SiteOne Landscape Supply

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC bought a new position in SiteOne Landscape Supply during the 3rd quarter valued at $26,000. Operose Advisors LLC purchased a new stake in shares of SiteOne Landscape Supply in the third quarter valued at about $28,000. Impact Partnership Wealth LLC bought a new position in shares of SiteOne Landscape Supply during the third quarter valued at about $30,000. Principal Securities Inc. purchased a new position in SiteOne Landscape Supply during the fourth quarter worth about $31,000. Finally, Benjamin Edwards Inc. grew its position in SiteOne Landscape Supply by 81.7% in the 2nd quarter. Benjamin Edwards Inc. now owns 218 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 98 shares in the last quarter.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply, Inc, together with its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation products, including controllers, valves, sprinkler heads, irrigation pipes, micro irrigation, and drip products; fertilizer, grass seed, and ice melt products; control products, such as herbicides, fungicides, rodenticides, and other pesticides; landscape accessories that include mulches, soil amendments, drainage pipes, tools, and sods; nursery goods, which consist of deciduous and evergreen shrubs, ornamental, shade, evergreen trees, field grown and container-grown nursery stock, roses, perennials, annuals, bulbs, and plant species and cultivars; hardscapes, such as pavers, natural stones, blocks, and other durable materials; and outdoor lighting products that include lighting fixtures, LED lamps, wires, transformers, and accessories.