Insider Selling: SiteOne Landscape Supply (NYSE:SITE) Director Sells 563 Shares of Stock

SiteOne Landscape Supply, Inc. (NYSE:SITE) Director Fred Diaz sold 563 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $115.13, for a total transaction of $64,818.19. Following the completion of the sale, the director directly owned 11,829 shares of the company’s stock, valued at approximately $1,361,872.77. This trade represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SiteOne Landscape Supply Stock Down 2.8%

SITE stock traded down $3.18 during trading on Friday, reaching $108.54. 951,546 shares of the company traded hands, compared to its average volume of 749,408. SiteOne Landscape Supply, Inc. has a 12 month low of $108.33 and a 12 month high of $168.56. The business has a 50 day simple moving average of $128.60 and a 200 day simple moving average of $134.18. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 32.21, a price-to-earnings-growth ratio of 1.48 and a beta of 1.42. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 2.33.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data 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). SiteOne Landscape Supply had a net margin of 3.24% and a return on equity of 9.22%. The company had revenue of $940.10 million for the quarter, compared to the consensus estimate of $982.27 million. During the same period in the previous year, the business earned ($0.61) EPS. SiteOne Landscape Supply’s revenue for the quarter was up .1% compared to the same quarter last year. On average, equities research analysts anticipate that SiteOne Landscape Supply, Inc. will post 4.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

SITE has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a research report on Thursday, April 30th. Stifel Nicolaus raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $157.00 target price for the company in a research report on Monday, May 4th. UBS Group initiated coverage on shares of SiteOne Landscape Supply in a research report on Friday, April 10th. They set a “neutral” rating and a $140.00 target price for the company. Royal Bank Of Canada increased their target price on shares of SiteOne Landscape Supply from $151.00 to $171.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Finally, Barclays decreased their target price on shares of SiteOne Landscape Supply from $150.00 to $148.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th. Six analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, SiteOne Landscape Supply presently has an average rating of “Hold” and an average target price of $160.10.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SITE. True Wealth Design LLC raised its holdings in shares of SiteOne Landscape Supply by 541.9% in the fourth 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 during the last quarter. Whittier Trust Co. raised its holdings in shares of SiteOne Landscape Supply by 72.7% in the first quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock worth $27,000 after buying an additional 88 shares during the last quarter. Rothschild Investment LLC raised its holdings in shares of SiteOne Landscape Supply by 1,521.4% in the fourth quarter. Rothschild Investment LLC now owns 227 shares of the industrial products company’s stock worth $28,000 after buying an additional 213 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of SiteOne Landscape Supply by 106.8% in the fourth quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock worth $38,000 after buying an additional 158 shares during the last quarter. Finally, Empowered Funds LLC purchased a new position in shares of SiteOne Landscape Supply in the fourth quarter worth $42,000.

About SiteOne Landscape Supply

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.