SiteOne Landscape Supply (NYSE:SITE) CEO Doug Black Buys 8,000 Shares of Stock

SiteOne Landscape Supply, Inc. (NYSE:SITE) CEO Doug Black acquired 8,000 shares of the stock in a transaction on Tuesday, August 4th. The stock was bought at an average cost of $102.03 per share, with a total value of $816,240.00. Following the completion of the transaction, the chief executive officer owned 8,000 shares in the company, valued at $816,240. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

SiteOne Landscape Supply Price Performance

Shares of SITE stock opened at $98.34 on Friday. The company has a market capitalization of $4.29 billion, a P/E ratio of 26.94, a P/E/G ratio of 1.48 and a beta of 1.35. The company’s 50-day simple moving average is $105.56 and its two-hundred day simple moving average is $125.23. SiteOne Landscape Supply, Inc. has a one year low of $90.07 and a one year high of $168.56. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.30 and a quick ratio of 1.01.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly 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). The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.54 billion. SiteOne Landscape Supply had a net margin of 3.41% and a return on equity of 9.76%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.86 EPS. As a group, equities analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.93 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SITE. Basecamp Wealth Advisors LLC lifted its position in SiteOne Landscape Supply by 219.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 185 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 127 shares during the last quarter. Whittier Trust Co. grew its holdings in SiteOne Landscape Supply by 72.7% in 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 grew its holdings in SiteOne Landscape Supply by 1,521.4% in 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 increased its position in shares of SiteOne Landscape Supply by 106.8% during the fourth quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 158 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of SiteOne Landscape Supply during the fourth quarter worth $42,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Weiss Ratings raised SiteOne Landscape Supply from a “sell (d)” rating to a “hold (c-)” rating in a research report on Monday. KeyCorp dropped their price target on SiteOne Landscape Supply from $145.00 to $135.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. Stifel Nicolaus restated a “hold” rating and set a $100.00 price target (down from $153.00) on shares of SiteOne Landscape Supply in a research note on Thursday, July 30th. Robert W. Baird decreased their price objective on SiteOne Landscape Supply from $160.00 to $155.00 and set an “outperform” rating for the company in a report on Tuesday, July 28th. Finally, Barclays lowered their price objective on shares of SiteOne Landscape Supply from $129.00 to $108.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $135.27.

SiteOne Landscape Supply Company Profile

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.