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 that occurred on Wednesday, April 17th. The stock was sold at an average price of $162.10, for a total transaction of $1,621,000.00. Following the completion of the sale, the chief executive officer now owns 574,657 shares of the company’s stock, valued at approximately $93,151,899.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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 transaction of $1,763,500.00.

SiteOne Landscape Supply Price Performance

NYSE:SITE traded down $2.43 during trading hours on Thursday, reaching $158.26. 228,532 shares of the company were exchanged, compared to its average volume of 301,520. The company has a market capitalization of $7.15 billion, a P/E ratio of 42.47 and a beta of 1.54. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.43 and a quick ratio of 1.10. The business has a 50 day moving average of $170.92 and a 200 day moving average 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) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.07. The business 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%. SiteOne Landscape Supply’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.02) earnings per share. Research analysts forecast that SiteOne Landscape Supply, Inc. will post 4.04 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Truist Financial upped their price target on shares of SiteOne Landscape Supply from $170.00 to $204.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Royal Bank of Canada upped their target price on shares of 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. Barclays lifted their price objective on SiteOne Landscape Supply from $121.00 to $145.00 and gave the company an “underweight” rating in a report on Thursday, February 15th. Loop Capital lowered shares of SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Robert W. Baird upped their price target on SiteOne Landscape Supply from $175.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $172.88.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Venturi Wealth Management LLC acquired a new stake in shares of SiteOne Landscape Supply in the 3rd quarter valued at approximately $26,000. Operose Advisors LLC bought a new position in SiteOne Landscape Supply in the 3rd quarter valued at approximately $28,000. Eagle Bay Advisors LLC acquired a new stake in SiteOne Landscape Supply in the second quarter valued at approximately $29,000. Impact Partnership Wealth LLC acquired a new stake in SiteOne Landscape Supply in the third quarter valued at approximately $30,000. Finally, Bessemer Group Inc. increased its holdings in shares of SiteOne Landscape Supply by 383.3% during the fourth quarter. Bessemer Group Inc. now owns 261 shares of the industrial products company’s stock worth $30,000 after buying an additional 207 shares in 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.