SiteOne Landscape Supply (NYSE:SITE) Stock: Insider Doug Black Buys 9,100 Shares

SiteOne Landscape Supply, Inc. (NYSE:SITE) CEO Doug Black purchased 9,100 shares of the firm’s stock in a transaction that occurred on Friday, October 30th. The stock was bought at an average price of $110.30 per share, for a total transaction of $1,003,730.00. Following the transaction, the chief executive officer directly owned 18,141 shares of the company’s stock, valued at $2,000,952.30. This trade represents a 100.65% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Doug Black also recently made the following trade(s):

• On Wednesday, August 26th, Doug Black purchased 5,000 shares of SiteOne Landscape Supply stock. The stock was bought at an average cost of $96.13 per share, with a total value of $480,650.00.

SiteOne Landscape Supply Price Performance

SITE traded down $2.98 on Tuesday, hitting $111.62. 858,096 shares of the stock were exchanged, compared to its average volume of 833,690. SiteOne Landscape Supply, Inc. has a 12 month low of $82.00 and a 12 month high of $168.56. The business has a 50-day moving average of $95.00 and a two-hundred day moving average of $116.43. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.30 and a quick ratio of 1.01. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of 29.37, a PEG ratio of 1.81 and a beta of 1.38.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, October 28th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.46. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.30 billion. SiteOne Landscape Supply had a net margin of 3.49% and a return on equity of 10.12%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.31 earnings per share. Sell-side analysts forecast that SiteOne Landscape Supply, Inc. will post 3.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Truist Financial decreased their price objective on shares of SiteOne Landscape Supply from $200.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Royal Bank Of Canada cut their target price on SiteOne Landscape Supply from $135.00 to $124.00 and set an “outperform” rating for the company in a research note on Wednesday, October 7th. Robert W. Baird reduced their target price on SiteOne Landscape Supply from $160.00 to $155.00 and set an “outperform” rating on the stock in a report on Tuesday, July 28th. William Blair reiterated a “market perform” rating on shares of SiteOne Landscape Supply in a research note on Wednesday, October 7th. Finally, Stifel Nicolaus lowered their price target on SiteOne Landscape Supply from $100.00 to $94.00 and set a “hold” rating for the company in a report on Monday, October 26th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, SiteOne Landscape Supply has an average rating of “Hold” and an average price target of $123.00.

Institutional Investors Weigh In On SiteOne Landscape Supply

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Basecamp Wealth Advisors LLC raised its stake in shares of SiteOne Landscape Supply by 219.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 185 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 127 shares during the last quarter. Whittier Trust Co. lifted its holdings in SiteOne Landscape Supply by 72.7% during the 1st quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock worth $27,000 after buying an additional 88 shares during the period. Fortitude Family Office LLC grew its position in shares of SiteOne Landscape Supply by 2,178.6% in the 3rd quarter. Fortitude Family Office LLC now owns 319 shares of the industrial products company’s stock valued at $29,000 after buying an additional 305 shares during the last quarter. Bessemer Group Inc. grew its position in shares of SiteOne Landscape Supply by 182.6% in the 1st quarter. Bessemer Group Inc. now owns 373 shares of the industrial products company’s stock valued at $50,000 after buying an additional 241 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of SiteOne Landscape Supply by 114.3% in the third quarter. Versant Capital Management Inc now owns 420 shares of the industrial products company’s stock valued at $38,000 after buying an additional 224 shares during the period.

About SiteOne Landscape Supply

SiteOne Landscape Supply, Inc (NYSE: SITE) is a wholesale distributor of landscape and outdoor living products in the United States and Canada. The company serves landscape professionals, irrigation contractors, golf course and sports-turf managers, nursery and greenhouse operators, and other customers in the green industry.

Its product offerings include irrigation and water-management systems, landscape lighting, nursery and greenhouse supplies, fertilizers and other agronomic products, turf-care equipment, hardscape materials, outdoor living products, and pest-control supplies.