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

SiteOne Landscape Supply, Inc. (NYSE:SITE – Get Free Report) CEO Doug Black acquired 9,100 shares of SiteOne Landscape Supply stock in a transaction on Friday, October 30th. The stock was purchased at an average price of $110.30 per share, with a total value of $1,003,730.00. Following the purchase, the chief executive officer owned 18,141 shares of the company’s stock, valued at $2,000,952.30. The trade was a 100.65% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Wednesday, August 26th, Doug Black bought 5,000 shares of SiteOne Landscape Supply stock. The shares were acquired at an average price of $96.13 per share, for a total transaction of $480,650.00.

SiteOne Landscape Supply Stock Performance

Shares of SITE opened at $118.37 on Thursday. The company’s 50 day simple moving average is $95.79 and its 200-day simple moving average is $116.09. The firm has a market cap of $5.11 billion, a PE ratio of 31.15, a price-to-earnings-growth ratio of 1.74 and a beta of 1.29. SiteOne Landscape Supply, Inc. has a 12-month low of $82.00 and a 12-month high of $168.56. The company has a current ratio of 2.41, a quick ratio of 1.03 and a debt-to-equity ratio of 0.34.

SiteOne Landscape Supply (NYSE:SITE – Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The industrial products company reported $1.46 EPS for the quarter, meeting the consensus estimate of $1.46. The firm had revenue of $1.29 billion during 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 10.06%. SiteOne Landscape Supply’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.31 EPS. As a group, equities analysts predict that SiteOne Landscape Supply, Inc. will post 3.74 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Royal Bank Of Canada decreased their target price on shares of 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. Stifel Nicolaus dropped their price target on SiteOne Landscape Supply from $100.00 to $94.00 and set a “hold” rating on the stock in a research report on Monday, October 26th. Barclays reduced their price objective on SiteOne Landscape Supply from $129.00 to $108.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $114.00 price objective on shares of SiteOne Landscape Supply in a research report on Wednesday, October 28th. Finally, William Blair reiterated a “market perform” rating on shares of SiteOne Landscape Supply in a research note on Wednesday, October 7th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $123.00.

Check Out Our Latest Analysis on SiteOne Landscape Supply

Hedge Funds Weigh In On SiteOne Landscape Supply

Large investors have recently bought and sold shares of the company. Lido Advisors LLC acquired a new stake in shares of SiteOne Landscape Supply in the 3rd quarter valued at approximately $228,000. AlphaCore Capital LLC acquired a new position in SiteOne Landscape Supply during the third quarter worth $282,000. Fulcrum Asset Management LLP acquired a new position in SiteOne Landscape Supply during the third quarter worth $278,000. Brighton Jones LLC grew its holdings in SiteOne Landscape Supply by 192.9% during the third quarter. Brighton Jones LLC now owns 9,805 shares of the industrial products company’s stock worth $885,000 after acquiring an additional 6,457 shares during the period. Finally, Parallel Advisors LLC raised its position in SiteOne Landscape Supply by 188.3% in the third quarter. Parallel Advisors LLC now owns 1,159 shares of the industrial products company’s stock worth $105,000 after acquiring an additional 757 shares in the last quarter.

SiteOne Landscape Supply Company Profile

(Get Free Report)

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.

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