SiteOne Landscape Supply (NYSE:SITE) Director Fred Diaz Sells 562 Shares

SiteOne Landscape Supply, Inc. (NYSE:SITE) Director Fred Diaz sold 562 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $112.52, for a total value of $63,236.24. Following the completion of the sale, the director owned 11,267 shares of the company’s stock, valued at approximately $1,267,762.84. This trade represents a 4.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SiteOne Landscape Supply Trading Down 2.8%

NYSE SITE opened at $108.54 on Friday. SiteOne Landscape Supply, Inc. has a fifty-two week low of $108.33 and a fifty-two week high of $168.56. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 2.33. The stock has a 50 day simple moving average of $128.18 and a two-hundred day simple moving average of $134.00. The stock has a market cap of $4.81 billion, a P/E ratio of 32.21, a price-to-earnings-growth ratio of 1.45 and a beta of 1.42.

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 the consensus estimate of ($0.33) by ($0.27). SiteOne Landscape Supply had a return on equity of 9.22% and a net margin of 3.24%.The business had revenue of $940.10 million during the quarter, compared to analysts’ expectations of $982.27 million. During the same quarter last year, the business posted ($0.61) EPS. The company’s quarterly revenue was up .1% compared to the same quarter last year. On average, analysts forecast that SiteOne Landscape Supply, Inc. will post 4.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SITE has been the subject of several research analyst reports. Robert W. Baird set a $160.00 price objective on SiteOne Landscape Supply in a report on Thursday, April 30th. Truist Financial increased their price objective on SiteOne Landscape Supply from $165.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a report on Thursday, April 30th. Stifel Nicolaus upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $157.00 price objective for the company in a report on Monday, May 4th. Finally, Zacks Research upgraded SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Six analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $160.10.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SITE. Millennium Management LLC increased its position in SiteOne Landscape Supply by 45.9% during the 1st quarter. Millennium Management LLC now owns 75,149 shares of the industrial products company’s stock valued at $9,126,000 after buying an additional 23,657 shares in the last quarter. NewEdge Advisors LLC increased its position in SiteOne Landscape Supply by 36.6% during the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock valued at $48,000 after buying an additional 107 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of SiteOne Landscape Supply by 5.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 213,331 shares of the industrial products company’s stock worth $25,907,000 after purchasing an additional 11,574 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of SiteOne Landscape Supply by 10.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 170,285 shares of the industrial products company’s stock worth $20,679,000 after purchasing an additional 16,378 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of SiteOne Landscape Supply in the 1st quarter worth $6,797,000.

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.