SiteOne Landscape Supply, Inc. (NYSE:SITE) CEO Sells $1,621,000.00 in Stock

SiteOne Landscape Supply, Inc. (NYSE:SITE) CEO Doug Black sold 10,000 shares of the stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $162.10, for a total value of $1,621,000.00. Following the transaction, 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 available through the SEC website.

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 value of $1,763,500.00.

SiteOne Landscape Supply Stock Performance

NYSE SITE opened at $158.26 on Friday. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of 41.87 and a beta of 1.54. The stock has a 50-day moving average of $170.87 and a 200 day moving average of $156.78. The company has a current ratio of 2.43, a quick ratio of 1.10 and a debt-to-equity ratio of 0.29. SiteOne Landscape Supply, Inc. has a twelve month low of $116.81 and a twelve month high of $188.01.

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

Analyst Ratings Changes

SITE has been the subject of several recent research reports. Robert W. Baird boosted their price target on SiteOne Landscape Supply from $175.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Loop Capital lowered SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Royal Bank of Canada boosted their target price on shares of SiteOne Landscape Supply from $150.00 to $157.00 and gave the stock a “sector perform” rating in a report on Thursday, February 15th. Barclays increased their target price on shares of SiteOne Landscape Supply from $121.00 to $145.00 and gave the company an “underweight” rating in a research note on Thursday, February 15th. Finally, Truist Financial raised their price target on SiteOne Landscape Supply from $170.00 to $204.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. 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 stock. According to data from MarketBeat.com, SiteOne Landscape Supply has a consensus rating of “Hold” and an average price target of $172.88.

Hedge Funds Weigh In On SiteOne Landscape Supply

A number of large investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its position in shares of SiteOne Landscape Supply by 4.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,831,878 shares of the industrial products company’s stock valued at $798,210,000 after purchasing an additional 232,491 shares during the period. Vanguard Group Inc. boosted its holdings in SiteOne Landscape Supply by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 4,134,723 shares of the industrial products company’s stock worth $671,892,000 after buying an additional 32,538 shares during the last quarter. BlackRock Inc. increased its stake in SiteOne Landscape Supply by 17.4% during the 1st quarter. BlackRock Inc. now owns 3,394,331 shares of the industrial products company’s stock worth $548,828,000 after buying an additional 503,490 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in SiteOne Landscape Supply by 4.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,174,204 shares of the industrial products company’s stock worth $137,758,000 after buying an additional 50,636 shares in the last quarter. Finally, Conestoga Capital Advisors LLC raised its holdings in shares of SiteOne Landscape Supply by 0.6% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,104,494 shares of the industrial products company’s stock valued at $179,480,000 after acquiring an additional 6,620 shares during 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.