SiteOne Landscape Supply (NYSE:SITE) CEO Buys 9,100 Shares of Company Stock

SiteOne Landscape Supply, Inc. (NYSE:SITE) CEO Doug Black bought 9,100 shares of the firm’s stock in a transaction on Friday, October 30th. The shares were purchased at an average cost of $110.30 per share, with a total value of $1,003,730.00. Following the transaction, the chief executive officer directly owned 18,141 shares in the company, valued at approximately $2,000,952.30. This trade represents a 100.65% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, August 26th, Doug Black purchased 5,000 shares of SiteOne Landscape Supply stock. The shares were purchased at an average price of $96.13 per share, with a total value of $480,650.00.

SiteOne Landscape Supply Trading Down 2.6%

SiteOne Landscape Supply stock traded down $2.98 during mid-day trading on Tuesday, hitting $111.62. 858,096 shares of the stock were exchanged, compared to its average volume of 833,690. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 29.37, a PEG ratio of 1.81 and a beta of 1.38. SiteOne Landscape Supply, Inc. has a 12 month low of $82.00 and a 12 month high of $168.56. 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’s fifty day simple moving average is $95.00 and its two-hundred day simple moving average is $116.43.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data on Wednesday, October 28th. The industrial products company reported $1.46 EPS for the quarter, meeting analysts’ consensus estimates of $1.46. SiteOne Landscape Supply had a net margin of 3.49% and a return on equity of 10.12%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the firm posted $1.31 EPS. The company’s quarterly revenue was up 2.6% on a year-over-year basis. Analysts forecast that SiteOne Landscape Supply, Inc. will post 3.74 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SITE. Robert W. Baird cut their price target on shares of SiteOne Landscape Supply from $160.00 to $155.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 28th. UBS Group lifted their price objective on SiteOne Landscape Supply from $110.00 to $122.00 and gave the stock a “neutral” rating in a research report on Thursday, October 29th. Royal Bank Of Canada dropped their price objective on SiteOne Landscape Supply from $135.00 to $124.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 7th. Barclays cut their target price on SiteOne Landscape Supply from $129.00 to $108.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Finally, Weiss Ratings raised SiteOne Landscape Supply from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, October 22nd. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $123.00.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SITE. Bamco Inc. NY acquired a new stake in SiteOne Landscape Supply in the second quarter worth $232,115,000. BlackRock Inc. acquired a new position in shares of SiteOne Landscape Supply during the second quarter valued at about $221,355,000. Amundi raised its holdings in shares of SiteOne Landscape Supply by 49.0% during the second quarter. Amundi now owns 1,048,747 shares of the industrial products company’s stock valued at $120,043,000 after purchasing an additional 344,980 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of SiteOne Landscape Supply by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 805,336 shares of the industrial products company’s stock worth $107,191,000 after purchasing an additional 28,958 shares in the last quarter. Finally, Jupiter Topco LLC bought a new position in shares of SiteOne Landscape Supply during the 2nd quarter worth about $59,521,000.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply, Inc (NYSE: SITE) is a wholesale distributor of landscape and outdoor living products in the United States and Canada. The company serves landscape professionals, irrigation contractors, golf course and sports-turf managers, nursery and greenhouse operators, and other customers in the green industry.

Its product offerings include irrigation and water-management systems, landscape lighting, nursery and greenhouse supplies, fertilizers and other agronomic products, turf-care equipment, hardscape materials, outdoor living products, and pest-control supplies.