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

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

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 stock was sold at an average price of $176.35, for a total transaction of $1,763,500.00.

SiteOne Landscape Supply Trading Down 1.4 %

SiteOne Landscape Supply stock opened at $156.08 on Friday. SiteOne Landscape Supply, Inc. has a one year low of $116.81 and a one year high of $188.01. The business’s fifty day moving average is $170.78 and its 200 day moving average is $156.74. The stock has a market capitalization of $7.05 billion, a PE ratio of 41.29 and a beta of 1.54. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.43 and a quick ratio of 1.10.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, February 14th. The industrial products company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $965.00 million for the quarter, compared to analysts’ expectations of $942.21 million. During the same quarter in the prior year, the business earned ($0.02) EPS. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, sell-side analysts predict that SiteOne Landscape Supply, Inc. will post 4.04 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Robert W. Baird boosted their price target on SiteOne Landscape Supply from $175.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Truist Financial boosted their target price on SiteOne Landscape Supply from $170.00 to $204.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Barclays raised their price target on SiteOne Landscape Supply from $121.00 to $145.00 and gave the company an “underweight” rating in a report on Thursday, February 15th. Royal Bank of Canada upped their price target on shares of SiteOne Landscape Supply from $150.00 to $157.00 and gave the stock a “sector perform” 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 investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, SiteOne Landscape Supply presently has a consensus rating of “Hold” and a consensus price target of $172.88.

Institutional Investors Weigh In On SiteOne Landscape Supply

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northern Trust Corp lifted its holdings in shares of SiteOne Landscape Supply by 1.5% during the 3rd quarter. Northern Trust Corp now owns 221,336 shares of the industrial products company’s stock valued at $36,177,000 after buying an additional 3,301 shares during the period. WCM Investment Management LLC increased its position in SiteOne Landscape Supply by 33.4% during the fourth quarter. WCM Investment Management LLC now owns 33,429 shares of the industrial products company’s stock valued at $5,483,000 after acquiring an additional 8,379 shares during the last quarter. Hsbc Holdings PLC bought a new position in SiteOne Landscape Supply in the third quarter valued at about $1,826,000. Trexquant Investment LP purchased a new position in SiteOne Landscape Supply in the third quarter worth about $4,060,000. Finally, Conestoga Capital Advisors LLC boosted its position in SiteOne Landscape Supply by 0.6% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,104,494 shares of the industrial products company’s stock worth $179,480,000 after purchasing an additional 6,620 shares during the last quarter.

About SiteOne Landscape Supply

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.