Eric Elema Sells 1,765 Shares of SiteOne Landscape Supply (NYSE:SITE) Stock

SiteOne Landscape Supply, Inc. (NYSE:SITE) EVP Eric Elema sold 1,765 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $158.01, for a total value of $278,887.65. Following the transaction, the executive vice president directly owned 2,911 shares in the company, valued at $459,967.11. This represents a 37.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

SiteOne Landscape Supply Stock Performance

SiteOne Landscape Supply stock traded down $3.20 during midday trading on Tuesday, reaching $153.84. The stock had a trading volume of 622,273 shares, compared to its average volume of 743,225. The firm has a market capitalization of $6.85 billion, a PE ratio of 45.79, a P/E/G ratio of 1.73 and a beta of 1.59. SiteOne Landscape Supply, Inc. has a 12 month low of $101.25 and a 12 month high of $168.56. The company has a quick ratio of 1.14, a current ratio of 2.49 and a debt-to-equity ratio of 0.29. The firm’s 50-day moving average price is $139.52 and its 200 day moving average price is $134.85.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results on Wednesday, February 11th. The industrial products company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.09. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. SiteOne Landscape Supply had a net margin of 3.23% and a return on equity of 9.33%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.48) earnings per share. As a group, research analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SiteOne Landscape Supply

A number of large investors have recently made changes to their positions in the business. Teacher Retirement System of Texas lifted its stake in shares of SiteOne Landscape Supply by 16.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 10,308 shares of the industrial products company’s stock valued at $1,247,000 after purchasing an additional 1,422 shares during the period. American Century Companies Inc. grew its position in shares of SiteOne Landscape Supply by 20.6% in the 2nd quarter. American Century Companies Inc. now owns 629,029 shares of the industrial products company’s stock worth $76,075,000 after buying an additional 107,465 shares during the period. Advantage Alpha Capital Partners LP boosted its stake in SiteOne Landscape Supply by 6.2% during the second quarter. Advantage Alpha Capital Partners LP now owns 42,756 shares of the industrial products company’s stock worth $5,171,000 after acquiring an additional 2,501 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of SiteOne Landscape Supply by 37.8% during the second quarter. Rockefeller Capital Management L.P. now owns 79,564 shares of the industrial products company’s stock valued at $9,622,000 after purchasing an additional 21,810 shares during the last quarter. Finally, Entropy Technologies LP bought a new stake in shares of SiteOne Landscape Supply in the 2nd quarter worth approximately $411,000.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SITE. Royal Bank Of Canada boosted their price objective on SiteOne Landscape Supply from $151.00 to $171.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Zacks Research lowered SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 21st. Stifel Nicolaus set a $144.00 target price on SiteOne Landscape Supply in a research report on Monday, February 9th. Barclays upped their price objective on shares of SiteOne Landscape Supply from $134.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 12th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research note on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, SiteOne Landscape Supply currently has a consensus rating of “Hold” and an average target price of $159.44.

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.