SiteOne Landscape Supply (NYSE:SITE) Director Sells $64,818.19 in Stock

SiteOne Landscape Supply, Inc. (NYSE:SITE) Director Fred Diaz sold 563 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $115.13, for a total value of $64,818.19. Following the transaction, the director directly owned 11,829 shares in the company, valued at approximately $1,361,872.77. This represents a 4.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SiteOne Landscape Supply Price Performance

Shares of NYSE SITE opened at $108.54 on Monday. SiteOne Landscape Supply, Inc. has a twelve month low of $108.33 and a twelve month high of $168.56. The company has a current ratio of 2.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 32.21, a price-to-earnings-growth 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.

SiteOne Landscape Supply (NYSE:SITE) last posted 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). SiteOne Landscape Supply had a net margin of 3.24% and a return on equity of 9.22%. The firm had revenue of $940.10 million for the quarter, compared to analyst estimates of $982.27 million. During the same period in the prior year, the company posted ($0.61) earnings per share. The business’s revenue was up .1% on a year-over-year basis. As a group, equities research analysts expect that SiteOne Landscape Supply, Inc. will post 4.18 earnings per share for the current year.

Analysts Set New Price Targets

SITE has been the topic of a number of recent research reports. Robert W. Baird set a $160.00 price target on shares of SiteOne Landscape Supply in a research report on Thursday, April 30th. Zacks Research upgraded shares of SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. Deutsche Bank Aktiengesellschaft raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a report on Thursday, April 30th. 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 note on Thursday, April 30th. Finally, Truist Financial upped their target price on SiteOne Landscape Supply from $165.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $160.10.

Hedge Funds Weigh In On SiteOne Landscape Supply

Several institutional investors have recently modified their holdings of SITE. 59 North Capital Management LP bought a new stake in SiteOne Landscape Supply in the 3rd quarter valued at about $214,417,000. Cartenna Capital LP bought a new position in SiteOne Landscape Supply in the 3rd quarter worth about $63,756,000. Amundi bought a new position in SiteOne Landscape Supply in the 3rd quarter worth about $59,763,000. AQR Capital Management LLC increased its stake in shares of SiteOne Landscape Supply by 171.0% in the fourth quarter. AQR Capital Management LLC now owns 691,558 shares of the industrial products company’s stock valued at $86,140,000 after purchasing an additional 436,376 shares during the period. Finally, Southpoint Capital Advisors LP acquired a new stake in shares of SiteOne Landscape Supply in the fourth quarter valued at approximately $49,824,000.

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.