SiteOne Landscape Supply (NYSE:SITE) Director Fred Diaz Sells 563 Shares

SiteOne Landscape Supply, Inc. (NYSE:SITEGet Free Report) Director Fred Diaz sold 563 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $115.13, for a total transaction of $64,818.19. Following the sale, the director owned 11,829 shares of the company’s stock, valued at approximately $1,361,872.77. This represents a 4.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SiteOne Landscape Supply Price Performance

Shares of SITE opened at $108.54 on Friday. The firm has a market cap of $4.81 billion, a PE ratio of 32.21, a P/E/G ratio of 1.45 and a beta of 1.42. The company has a current ratio of 2.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. The firm has a fifty day simple moving average of $128.18 and a two-hundred day simple moving average of $134.00. SiteOne Landscape Supply, Inc. has a 1-year low of $108.33 and a 1-year high of $168.56.

SiteOne Landscape Supply (NYSE:SITEGet Free Report) last announced its earnings results 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 company had revenue of $940.10 million for the quarter, compared to analysts’ expectations of $982.27 million. SiteOne Landscape Supply had a net margin of 3.24% and a return on equity of 9.22%. SiteOne Landscape Supply’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.61) earnings per share. On average, equities analysts anticipate that SiteOne Landscape Supply, Inc. will post 4.18 EPS for the current year.

Institutional Investors Weigh In On SiteOne Landscape Supply

Institutional investors have recently bought and sold shares of the business. True Wealth Design LLC increased its stake in SiteOne Landscape Supply by 541.9% in the 4th quarter. True Wealth Design LLC now owns 199 shares of the industrial products company’s stock worth $25,000 after buying an additional 168 shares in the last quarter. Whittier Trust Co. increased its stake in SiteOne Landscape Supply by 72.7% in 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 in the last quarter. Rothschild Investment LLC increased its stake in SiteOne Landscape Supply by 1,521.4% in the 4th quarter. Rothschild Investment LLC now owns 227 shares of the industrial products company’s stock worth $28,000 after buying an additional 213 shares in the last quarter. IFP Advisors Inc increased its stake in SiteOne Landscape Supply by 106.8% in the 4th quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock worth $38,000 after buying an additional 158 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in SiteOne Landscape Supply in the 4th quarter worth $42,000.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Barclays reduced their price objective on SiteOne Landscape Supply from $150.00 to $148.00 and set an “equal weight” rating for the company in a research note on Thursday, April 30th. Royal Bank Of Canada upped their price objective on SiteOne Landscape Supply from $151.00 to $171.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Zacks Research upgraded SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. Weiss Ratings lowered SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Finally, Truist Financial upped their price objective on SiteOne Landscape Supply from $165.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $160.10.

View Our Latest Research Report on SITE

SiteOne Landscape Supply Company Profile

(Get Free Report)

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.

Further Reading

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