SiteOne Landscape Supply (NYSE:SITE) CEO Doug Black Acquires 9,100 Shares of Stock

SiteOne Landscape Supply, Inc. (NYSE:SITE) CEO Doug Black purchased 9,100 shares of the firm’s stock in a transaction dated Friday, October 30th. The shares were acquired at an average cost of $110.30 per share, with a total value of $1,003,730.00. Following the completion of the purchase, the chief executive officer directly owned 18,141 shares in the company, valued at approximately $2,000,952.30. This represents a 100.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, August 26th, Doug Black acquired 5,000 shares of SiteOne Landscape Supply stock. The stock was 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 stock opened at $111.62 on Wednesday. The company’s fifty day simple moving average is $95.33 and its 200-day simple moving average is $116.25. The company has a quick ratio of 1.03, a current ratio of 2.41 and a debt-to-equity ratio of 0.34. The firm has a market cap of $4.81 billion, a PE ratio of 29.37, a P/E/G ratio of 1.89 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.

SiteOne Landscape Supply (NYSE:SITE) last announced its earnings results on Wednesday, October 28th. The industrial products company reported $1.46 EPS for the quarter, hitting the consensus estimate of $1.46. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.30 billion. SiteOne Landscape Supply had a net margin of 3.49% and a return on equity of 10.06%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.31 earnings per share. Equities research analysts expect that SiteOne Landscape Supply, Inc. will post 3.74 EPS for the current fiscal year.

Institutional Trading of SiteOne Landscape Supply

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bamco Inc. NY acquired a new position in shares of SiteOne Landscape Supply during the 2nd quarter worth approximately $232,115,000. BlackRock Inc. bought a new stake in SiteOne Landscape Supply in the 2nd quarter valued at $221,355,000. Amundi raised its stake in SiteOne Landscape Supply by 49.0% in the 2nd quarter. Amundi now owns 1,048,747 shares of the industrial products company’s stock valued at $120,043,000 after acquiring an additional 344,980 shares during the period. Dimensional Fund Advisors LP lifted its holdings in SiteOne Landscape Supply by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 805,336 shares of the industrial products company’s stock valued at $107,191,000 after purchasing an additional 28,958 shares during the last quarter. Finally, Jupiter Topco LLC acquired a new stake in SiteOne Landscape Supply during the 2nd quarter valued at $59,521,000.

Analyst Upgrades and Downgrades

SITE has been the subject of a number of recent research reports. Stifel Nicolaus reduced their price objective on shares of SiteOne Landscape Supply from $100.00 to $94.00 and set a “hold” rating for the company in a research note on Monday, October 26th. Barclays lowered their target price on SiteOne Landscape Supply from $129.00 to $108.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Royal Bank Of Canada dropped their target price on SiteOne Landscape Supply from $135.00 to $124.00 and set an “outperform” rating on the stock in a report on Wednesday, October 7th. William Blair reissued a “market perform” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, October 7th. Finally, Deutsche Bank Aktiengesellschaft downgraded SiteOne Landscape Supply from a “buy” rating to a “hold” rating and decreased their price target for the company from $127.00 to $91.00 in a research note on Thursday, October 8th. Five 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 company. According to data from MarketBeat, SiteOne Landscape Supply presently has a consensus rating of “Hold” and an average target price of $123.00.

SiteOne Landscape Supply Company Profile

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.