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 business’s stock in a transaction on Wednesday, April 17th. The stock was 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 owns 574,657 shares of the company’s stock, valued at approximately $93,151,899.70. The sale was disclosed in a legal filing with the SEC, which is accessible 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 stock was sold at an average price of $176.35, for a total value of $1,763,500.00.

SiteOne Landscape Supply Stock Performance

Shares of NYSE:SITE traded down $2.43 during midday trading on Thursday, hitting $158.26. The stock had a trading volume of 228,532 shares, compared to its average volume of 301,520. The company has a market capitalization of $7.15 billion, a PE ratio of 42.47 and a beta of 1.54. The company has a current ratio of 2.43, a quick ratio of 1.10 and a debt-to-equity ratio of 0.29. The stock has a 50 day moving average price of $170.92 and a two-hundred day moving average price of $156.77. SiteOne Landscape Supply, Inc. has a 1 year low of $116.81 and a 1 year high of $188.01.

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

Analysts Set New Price Targets

A number of research firms recently weighed in on SITE. Loop Capital downgraded shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Truist Financial increased 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. Royal Bank of Canada upped their price objective on SiteOne Landscape Supply from $150.00 to $157.00 and gave the company a “sector perform” rating in a research note on Thursday, February 15th. Robert W. Baird raised their price target on shares of SiteOne Landscape Supply from $175.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Finally, Barclays boosted their target price on SiteOne Landscape Supply from $121.00 to $145.00 and gave the stock an “underweight” rating in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $172.88.

Hedge Funds Weigh In On SiteOne Landscape Supply

Hedge funds have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. boosted its holdings in SiteOne Landscape Supply by 15.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 4,436 shares of the industrial products company’s stock worth $717,000 after purchasing an additional 593 shares in the last quarter. Cetera Advisor Networks LLC raised its stake in SiteOne Landscape Supply by 186.3% during the first quarter. Cetera Advisor Networks LLC now owns 2,525 shares of the industrial products company’s stock worth $408,000 after acquiring an additional 1,643 shares in the last quarter. Citigroup Inc. raised its stake in shares of SiteOne Landscape Supply by 14.8% in the first quarter. Citigroup Inc. now owns 10,831 shares of the industrial products company’s stock valued at $1,751,000 after acquiring an additional 1,398 shares during the last quarter. Bank of Montreal Can bought a new position in shares of SiteOne Landscape Supply in the first quarter valued at about $410,000. Finally, MetLife Investment Management LLC bought a new stake in SiteOne Landscape Supply during the 1st quarter worth about $309,000.

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.