SiteOne Landscape Supply (NYSE:SITE) CEO Buys $816,240.00 in Stock

SiteOne Landscape Supply, Inc. (NYSE:SITE) CEO Doug Black bought 8,000 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average cost of $102.03 per share, with a total value of $816,240.00. Following the acquisition, the chief executive officer directly owned 8,000 shares of the company’s stock, valued at approximately $816,240. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

SiteOne Landscape Supply Stock Performance

NYSE SITE opened at $103.69 on Friday. The company has a quick ratio of 1.01, a current ratio of 2.30 and a debt-to-equity ratio of 0.36. SiteOne Landscape Supply, Inc. has a 12-month low of $90.07 and a 12-month high of $168.56. The firm has a 50-day moving average price of $105.46 and a two-hundred day moving average price of $125.08. The company has a market capitalization of $4.53 billion, a P/E ratio of 28.41, a P/E/G ratio of 1.50 and a beta of 1.35.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $3.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.36 by ($0.22). The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.54 billion. SiteOne Landscape Supply had a net margin of 3.41% and a return on equity of 9.76%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.86 earnings per share. Analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.93 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Barclays reduced their target price on SiteOne Landscape Supply from $129.00 to $108.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. KeyCorp dropped their price target on SiteOne Landscape Supply from $145.00 to $135.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. Stifel Nicolaus reaffirmed a “hold” rating and set a $100.00 price objective (down from $153.00) on shares of SiteOne Landscape Supply in a research report on Thursday, July 30th. Robert W. Baird reduced their price objective on shares of SiteOne Landscape Supply from $160.00 to $155.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 28th. Finally, Truist Financial decreased their target price on shares of SiteOne Landscape Supply from $200.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $135.27.

Institutional Trading of SiteOne Landscape Supply

Large investors have recently bought and sold shares of the business. Wasatch Advisors LP raised its stake in SiteOne Landscape Supply by 11.4% during the third quarter. Wasatch Advisors LP now owns 2,177,446 shares of the industrial products company’s stock worth $280,455,000 after acquiring an additional 222,959 shares in the last quarter. Bamco Inc. NY boosted its stake in shares of SiteOne Landscape Supply by 3.1% in the 4th quarter. Bamco Inc. NY now owns 2,028,366 shares of the industrial products company’s stock valued at $252,653,000 after purchasing an additional 61,490 shares in the last quarter. BlackRock Inc. bought a new stake in shares of SiteOne Landscape Supply during the 2nd quarter valued at approximately $221,355,000. Capital World Investors grew its holdings in shares of SiteOne Landscape Supply by 37.9% during the 4th quarter. Capital World Investors now owns 1,402,337 shares of the industrial products company’s stock valued at $174,675,000 after purchasing an additional 385,666 shares during the last quarter. Finally, Conestoga Capital Advisors LLC increased its position in SiteOne Landscape Supply by 2.9% during the 1st quarter. Conestoga Capital Advisors LLC now owns 1,106,701 shares of the industrial products company’s stock worth $147,313,000 after purchasing an additional 31,684 shares in the last quarter.

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.