SiteOne Landscape Supply Inc (NYSE:SITE) CEO Sells $1,602,000.00 in Stock

SiteOne Landscape Supply Inc (NYSE:SITE) CEO Doug Black sold 15,000 shares of the firm’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $106.80, for a total value of $1,602,000.00. Following the transaction, the chief executive officer now directly owns 383,065 shares of the company’s stock, valued at approximately $40,911,342. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Friday, June 19th, Doug Black sold 15,000 shares of SiteOne Landscape Supply stock. The stock was sold at an average price of $110.14, for a total value of $1,652,100.00.
  • On Friday, April 17th, Doug Black sold 15,000 shares of SiteOne Landscape Supply stock. The stock was sold at an average price of $75.25, for a total value of $1,128,750.00.

Shares of NYSE:SITE opened at $108.11 on Monday. SiteOne Landscape Supply Inc has a fifty-two week low of $53.29 and a fifty-two week high of $119.42. The business has a 50-day simple moving average of $107.52 and a two-hundred day simple moving average of $92.80. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.94 and a current ratio of 2.32. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 54.88 and a beta of 1.28.

SiteOne Landscape Supply (NYSE:SITE) last issued its earnings results on Wednesday, April 29th. The industrial products company reported ($0.42) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.55) by $0.13. The business had revenue of $459.80 million during the quarter, compared to analyst estimates of $454.84 million. SiteOne Landscape Supply had a return on equity of 22.45% and a net margin of 3.51%. SiteOne Landscape Supply’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.59) EPS. As a group, research analysts predict that SiteOne Landscape Supply Inc will post 1.71 earnings per share for the current year.

Several equities analysts have recently issued reports on SITE shares. Barclays reaffirmed a “hold” rating and issued a $78.00 price target on shares of SiteOne Landscape Supply in a research report on Monday, April 20th. Deutsche Bank lowered their price target on SiteOne Landscape Supply from $89.00 to $68.00 and set a “hold” rating for the company in a research report on Wednesday, March 25th. Odeon Capital Group started coverage on SiteOne Landscape Supply in a research report on Wednesday, April 8th. They issued a “buy” rating for the company. Robert W. Baird lowered SiteOne Landscape Supply from an “outperform” rating to a “neutral” rating and set a $64.00 price target for the company. in a research report on Monday, April 6th. Finally, UBS Group lowered SiteOne Landscape Supply from a “neutral” rating to a “sell” rating and lifted their price target for the stock from $80.00 to $85.00 in a research report on Wednesday, July 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. SiteOne Landscape Supply currently has an average rating of “Hold” and a consensus price target of $93.89.

Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its stake in shares of SiteOne Landscape Supply by 8.2% during the 1st quarter. Geode Capital Management LLC now owns 574,180 shares of the industrial products company’s stock valued at $42,271,000 after purchasing an additional 43,596 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of SiteOne Landscape Supply by 88.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 13,612 shares of the industrial products company’s stock valued at $1,002,000 after purchasing an additional 6,381 shares during the period. AXA bought a new stake in shares of SiteOne Landscape Supply during the 1st quarter valued at about $530,000. Nuveen Asset Management LLC grew its stake in shares of SiteOne Landscape Supply by 3.5% during the 1st quarter. Nuveen Asset Management LLC now owns 178,346 shares of the industrial products company’s stock valued at $13,130,000 after purchasing an additional 5,953 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of SiteOne Landscape Supply by 7.3% during the 1st quarter. Legal & General Group Plc now owns 27,248 shares of the industrial products company’s stock valued at $2,006,000 after purchasing an additional 1,862 shares during the period.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply, Inc engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides a selection of approximately 120,000 stock keeping units, including irrigation supplies, fertilizer and control products, landscape accessories, nursery goods, outdoor lightings, and ice melt products, as well as hardscapes, such as pavers, natural stones, and blocks.

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Insider Buying and Selling by Quarter for SiteOne Landscape Supply (NYSE:SITE)

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