Key Points
- SiteOne Landscape Supply director Fred Diaz sold 562 shares on May 28 at an average price of $112.52, totaling about $63,236. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- The transaction reduced Diaz’s direct holdings by 4.75%, leaving him with 11,267 shares valued at roughly $1.27 million.
- The stock has been under pressure, opening near $108.54 and trading close to its 52-week low, while the company also recently reported weaker-than-expected quarterly earnings and revenue.
SiteOne Landscape Supply, Inc. (NYSE:SITE - Get Free Report) Director Fred Diaz sold 562 shares of SiteOne Landscape Supply stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $112.52, for a total value of $63,236.24. Following the completion of the sale, the director directly owned 11,267 shares of the company's stock, valued at approximately $1,267,762.84. The trade was a 4.75% decrease in their position. The transaction was disclosed in a 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 Stock Down 2.8%
SiteOne Landscape Supply stock opened at $108.54 on Friday. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of 32.21, a PEG ratio of 1.45 and a beta of 1.42. The stock 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 12 month low of $108.33 and a 12 month high of $168.56. The company has a current ratio of 2.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39.
SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted its earnings results on Wednesday, April 29th. The industrial products company reported ($0.60) EPS for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.27). The business had revenue of $940.10 million during the quarter, compared to the consensus estimate of $982.27 million. SiteOne Landscape Supply had a return on equity of 9.22% and a net margin of 3.24%.The firm's revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.61) EPS. Equities analysts predict that SiteOne Landscape Supply, Inc. will post 4.18 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on SITE. Deutsche Bank Aktiengesellschaft upgraded shares of SiteOne Landscape Supply from a "hold" rating to a "buy" rating and set a $160.00 price objective on the stock in a research report on Thursday, April 30th. Royal Bank Of Canada lifted their price objective on SiteOne Landscape Supply from $151.00 to $171.00 and gave the stock an "outperform" rating in a report on Thursday, February 12th. Stifel Nicolaus raised SiteOne Landscape Supply from a "hold" rating to a "buy" rating and set a $157.00 price objective for the company in a report on Monday, May 4th. Truist Financial lifted their price objective on SiteOne Landscape Supply from $165.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, February 11th. Finally, Zacks Research raised SiteOne Landscape Supply from a "strong sell" rating to a "hold" rating in a report on Friday, February 13th. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $160.10.
Read Our Latest Analysis on SITE
Institutional Trading of SiteOne Landscape Supply
Several large investors have recently modified their holdings of the company. Wasatch Advisors LP grew its holdings in shares of SiteOne Landscape Supply by 11.4% in 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 during the period. Bamco Inc. NY grew its holdings in shares of SiteOne Landscape Supply by 3.1% in the fourth quarter. Bamco Inc. NY now owns 2,028,366 shares of the industrial products company's stock worth $252,653,000 after acquiring an additional 61,490 shares during the period. 59 North Capital Management LP bought a new stake in shares of SiteOne Landscape Supply in the third quarter worth $214,417,000. Capital World Investors lifted its position in SiteOne Landscape Supply by 37.9% during the fourth 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 in the last quarter. Finally, Conestoga Capital Advisors LLC lifted its position in SiteOne Landscape Supply by 2.9% during the first quarter. Conestoga Capital Advisors LLC now owns 1,106,701 shares of the industrial products company's stock valued at $147,313,000 after purchasing an additional 31,684 shares in the last quarter.
About SiteOne Landscape Supply
(
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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