SiteOne Landscape Supply, Inc. (NYSE:SITE - Get Free Report) CEO Doug Black acquired 5,000 shares of SiteOne Landscape Supply stock in a transaction on Wednesday, August 26th. The shares were bought at an average cost of $96.13 per share, with a total value of $480,650.00. Following the completion of the purchase, the chief executive officer owned 13,000 shares in the company, valued at $1,249,690. The trade was a 62.50% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.
Doug Black also recently made the following trade(s):
- On Tuesday, August 4th, Doug Black bought 8,000 shares of SiteOne Landscape Supply stock. The stock was bought at an average cost of $102.03 per share, for a total transaction of $816,240.00.
SiteOne Landscape Supply Price Performance
Shares of NYSE SITE opened at $96.56 on Friday. 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 stock has a fifty day moving average price of $102.73 and a 200 day moving average price of $119.87. SiteOne Landscape Supply, Inc. has a 1-year low of $90.07 and a 1-year high of $168.56. The company has a market cap of $4.21 billion, a PE ratio of 26.45, a P/E/G ratio of 1.38 and a beta of 1.35.
SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its quarterly earnings data 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). SiteOne Landscape Supply had a net margin of 3.41% and a return on equity of 9.76%. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the firm posted $2.86 earnings per share. The business's quarterly revenue was up 4.7% compared to the same quarter last year. Sell-side analysts forecast that SiteOne Landscape Supply, Inc. will post 3.93 EPS for the current year.
Institutional Investors Weigh In On SiteOne Landscape Supply
A number of hedge funds and other institutional investors have recently modified their holdings of SITE. Bamco Inc. NY increased its stake in 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. Oppenheimer Asset Management Inc. purchased a new stake in SiteOne Landscape Supply during the second quarter worth $3,059,000. Pier Capital LLC purchased a new stake in SiteOne Landscape Supply during the fourth quarter worth $3,787,000. Summit Creek Advisors LLC grew its holdings in SiteOne Landscape Supply by 22.1% in the fourth quarter. Summit Creek Advisors LLC now owns 73,442 shares of the industrial products company's stock valued at $9,148,000 after purchasing an additional 13,312 shares during the last quarter. Finally, Norges Bank acquired a new stake in SiteOne Landscape Supply in the fourth quarter valued at $18,925,000.
Analyst Ratings Changes
A number of equities research analysts recently commented on SITE shares. KeyCorp reduced their price objective on shares of SiteOne Landscape Supply from $145.00 to $135.00 and set an "overweight" rating for the company in a research report on Thursday, July 30th. Zacks Research downgraded SiteOne Landscape Supply from a "hold" rating to a "strong sell" rating in a research note on Monday, June 22nd. Robert W. Baird reduced their price target on SiteOne Landscape Supply from $160.00 to $155.00 and set an "outperform" rating for the company in a report on Tuesday, July 28th. Truist Financial decreased their price target on 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. Finally, Weiss Ratings lowered SiteOne Landscape Supply from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, August 17th. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $135.27.
View Our Latest Research Report on SITE
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.
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