Insider Selling: SiteOne Landscape Supply (NYSE:SITE) Director Sells 563 Shares of Stock

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

SiteOne Landscape Supply Stock Performance

Shares of NYSE:SITE traded down $3.18 during midday trading on Friday, reaching $108.54. The company’s stock had a trading volume of 951,546 shares, compared to its average volume of 749,408. The firm has a market capitalization of $4.81 billion, a PE ratio of 32.21, a P/E/G ratio of 1.48 and a beta of 1.42. SiteOne Landscape Supply, Inc. has a twelve month low of $108.33 and a twelve month high of $168.56. The stock has a fifty day moving average of $128.60 and a 200 day moving average of $134.18. The company has a quick ratio of 0.96, a current ratio of 2.33 and a debt-to-equity ratio of 0.39.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 9.22% and a net margin of 3.24%.The firm’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.61) EPS. On average, equities analysts expect that SiteOne Landscape Supply, Inc. will post 4.18 EPS for the current fiscal year.

Institutional Trading of SiteOne Landscape Supply

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

Wall Street Analysts Forecast Growth

SITE has been the topic of a number of research reports. Truist Financial increased their price objective on shares of SiteOne Landscape Supply from $165.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Zacks Research upgraded shares of SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research report on Thursday, April 30th. Royal Bank Of Canada raised their price target on shares of SiteOne Landscape Supply from $151.00 to $171.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Finally, Stifel Nicolaus upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $157.00 price target on the stock in a research report on Monday, May 4th. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, SiteOne Landscape Supply currently has an average rating of “Hold” and an average target price of $160.10.

About SiteOne Landscape Supply

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.