Pascal Convers Sells 9,750 Shares of SiteOne Landscape Supply, Inc. (SITE) Stock

SiteOne Landscape Supply, Inc. (NYSE:SITE) EVP Pascal Convers sold 9,750 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $74.25, for a total value of $723,937.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of SiteOne Landscape Supply, Inc. (NYSE SITE) traded up $0.22 during trading on Friday, reaching $75.00. The company had a trading volume of 409,776 shares, compared to its average volume of 428,573. The company has a market capitalization of $2,970.00 and a price-to-earnings ratio of 67.44. SiteOne Landscape Supply, Inc. has a 1-year low of $30.87 and a 1-year high of $75.52. The company has a quick ratio of 1.21, a current ratio of 2.69 and a debt-to-equity ratio of 2.35.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.14). The business had revenue of $502.40 million for the quarter, compared to the consensus estimate of $506.28 million. SiteOne Landscape Supply had a return on equity of 26.42% and a net margin of 2.49%. The business’s revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.36 earnings per share. research analysts anticipate that SiteOne Landscape Supply, Inc. will post 1.23 EPS for the current fiscal year.

A number of research analysts have recently weighed in on SITE shares. Deutsche Bank restated a “buy” rating and issued a $60.00 target price (up previously from $55.00) on shares of SiteOne Landscape Supply in a report on Thursday, August 10th. UBS raised their target price on SiteOne Landscape Supply from $54.00 to $66.00 and gave the company a “buy” rating in a report on Friday, November 10th. Royal Bank Of Canada raised their target price on SiteOne Landscape Supply from $63.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, October 4th. Zacks Investment Research lowered SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Finally, SunTrust Banks raised their target price on SiteOne Landscape Supply to $70.00 and gave the company a “buy” rating in a report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $66.00.

A number of institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP bought a new stake in SiteOne Landscape Supply during the third quarter worth $1,228,000. Neuberger Berman Group LLC bought a new stake in SiteOne Landscape Supply during the third quarter worth $24,028,000. Bamco Inc. NY lifted its holdings in SiteOne Landscape Supply by 11.2% during the third quarter. Bamco Inc. NY now owns 1,720,722 shares of the industrial products company’s stock worth $99,974,000 after acquiring an additional 172,650 shares during the period. Point72 Asset Management L.P. bought a new stake in SiteOne Landscape Supply during the third quarter worth $424,000. Finally, ThornTree Capital Partners LP raised its stake in shares of SiteOne Landscape Supply by 8.8% in the third quarter. ThornTree Capital Partners LP now owns 383,676 shares of the industrial products company’s stock valued at $22,292,000 after buying an additional 31,000 shares during the period.

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SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply, Inc is a national wholesale distributor of landscape supplies in the United States and Canada. The Company is a supplier of irrigation, landscape lighting, hardscapes, lawn care supplies, nursery stock, and landscape accessories to green industry professionals. As of October 2, 2016, the Company had over 450 stores.

Insider Buying and Selling by Quarter for SiteOne Landscape Supply (NYSE:SITE)

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