Doug Black Buys 5,000 Shares of SiteOne Landscape Supply (NYSE:SITE) Stock

SiteOne Landscape Supply, Inc. (NYSE:SITE) CEO Doug Black bought 5,000 shares of SiteOne Landscape Supply stock in a transaction on Wednesday, August 26th. The stock was purchased at an average price of $96.13 per share, with a total value 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 $1,249,690. This represents a 62.50% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 stock was purchased at an average price of $102.03 per share, for a total transaction of $816,240.00.

SiteOne Landscape Supply Trading Up 1.1%

NYSE SITE opened at $96.56 on Friday. The company has a quick ratio of 1.01, a current ratio of 2.30 and a debt-to-equity ratio of 0.36. The firm has a market cap of $4.22 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 1.40 and a beta of 1.35. The company has a 50 day moving average price of $102.73 and a 200 day moving average price of $119.87. SiteOne Landscape Supply, Inc. has a 52 week low of $90.07 and a 52 week high of $168.56.

SiteOne Landscape Supply (NYSE:SITE) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $3.14 earnings per share 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 firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the business earned $2.86 earnings per share. SiteOne Landscape Supply’s revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts forecast that SiteOne Landscape Supply, Inc. will post 3.93 EPS for the current fiscal year.

Institutional Investors Weigh In On SiteOne Landscape Supply

A number of large investors have recently bought and sold shares of the company. Basecamp Wealth Advisors LLC raised its position in SiteOne Landscape Supply by 219.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 185 shares of the industrial products company’s stock worth $25,000 after buying an additional 127 shares during the last quarter. Whittier Trust Co. raised its holdings in shares of SiteOne Landscape Supply by 72.7% during the first quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 88 shares during the last quarter. Rothschild Investment LLC raised its holdings in shares of SiteOne Landscape Supply by 1,521.4% during the fourth quarter. Rothschild Investment LLC now owns 227 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 213 shares during the last quarter. IFP Advisors Inc lifted its position in SiteOne Landscape Supply by 106.8% during the fourth quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 158 shares during the period. Finally, Empowered Funds LLC acquired a new position in shares of SiteOne Landscape Supply in the 4th quarter valued at about $42,000.

Analysts Set New Price Targets

Several brokerages recently weighed in on SITE. Stifel Nicolaus restated a “hold” rating and set a $100.00 target price (down from $153.00) on shares of SiteOne Landscape Supply in a research note on Thursday, July 30th. Truist Financial lowered their price target on SiteOne Landscape Supply from $200.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Barclays dropped their price target on 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. Zacks Research cut shares of SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research note on Monday, June 22nd. Finally, Royal Bank Of Canada dropped their target price on shares of SiteOne Landscape Supply from $171.00 to $135.00 and set an “outperform” rating on the stock in a research report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target 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.