SiteOne Landscape Supply (NYSE:SITE) Director Sells $63,236.24 in Stock

SiteOne Landscape Supply, Inc. (NYSE:SITE) Director Fred Diaz sold 562 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $112.52, for a total value of $63,236.24. Following the completion of the transaction, the director directly owned 11,267 shares in the company, valued at $1,267,762.84. This represents a 4.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SiteOne Landscape Supply Trading Down 0.1%

NYSE SITE opened at $108.54 on Monday. The stock has a market capitalization of $4.81 billion, a P/E ratio of 32.21, a P/E/G ratio of 1.41 and a beta of 1.35. The business has a 50 day simple moving average of $128.18 and a 200 day simple moving average of $134.07. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.33 and a quick ratio of 0.96. SiteOne Landscape Supply, Inc. has a one year low of $108.33 and a one year high of $168.56.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.27). The business had revenue of $940.10 million during the quarter, compared to analyst estimates of $982.27 million. SiteOne Landscape Supply had a net margin of 3.24% and a return on equity of 9.22%. SiteOne Landscape Supply’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the firm posted ($0.61) earnings per share. Research analysts expect that SiteOne Landscape Supply, Inc. will post 4.18 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SITE. UBS Group started coverage on shares of SiteOne Landscape Supply in a research note on Friday, April 10th. They set a “neutral” rating and a $140.00 target price on the stock. Zacks Research upgraded shares of SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Stifel Nicolaus raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $157.00 price objective on the stock in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a research note on Thursday, April 30th. Finally, Barclays decreased their target price on SiteOne Landscape Supply from $150.00 to $148.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $160.10.

Institutional Trading of SiteOne Landscape Supply

A number of hedge funds and other institutional investors have recently bought and sold shares of SITE. True Wealth Design LLC raised its holdings in SiteOne Landscape Supply by 541.9% during the fourth quarter. True Wealth Design LLC now owns 199 shares of the industrial products company’s stock worth $25,000 after buying an additional 168 shares during the last quarter. Whittier Trust Co. grew its holdings in shares of SiteOne Landscape Supply by 72.7% during the first quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock valued at $27,000 after buying an additional 88 shares during the last quarter. Rothschild Investment LLC grew its holdings in shares of SiteOne Landscape Supply by 1,521.4% during the fourth quarter. Rothschild Investment LLC now owns 227 shares of the industrial products company’s stock valued at $28,000 after buying an additional 213 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of SiteOne Landscape Supply by 106.8% during the fourth quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock valued at $38,000 after buying an additional 158 shares during the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of SiteOne Landscape Supply during the fourth quarter valued at about $42,000.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.