SiteOne Landscape Supply (NYSE:SITE) Director Sells $63,236.24 in Stock

SiteOne Landscape Supply, Inc. (NYSE:SITE) Director Fred Diaz sold 562 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $112.52, for a total transaction of $63,236.24. Following the completion of the sale, the director owned 11,267 shares of the company’s stock, valued at approximately $1,267,762.84. This trade represents a 4.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SiteOne Landscape Supply Stock Performance

SITE stock traded down $3.18 on Friday, hitting $108.54. The company’s stock had a trading volume of 951,546 shares, compared to its average volume of 749,408. The firm has a 50 day moving average of $128.60 and a two-hundred day moving average of $134.18. SiteOne Landscape Supply, Inc. has a 1 year low of $108.33 and a 1 year high of $168.56. The stock has a market cap 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 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) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported ($0.60) EPS for the quarter, missing the consensus estimate 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 business had revenue of $940.10 million during the quarter, compared to analysts’ expectations of $982.27 million. During the same quarter last year, the company earned ($0.61) EPS. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. Equities analysts predict that SiteOne Landscape Supply, Inc. will post 4.18 EPS for the current fiscal year.

Hedge Funds Weigh In On SiteOne Landscape Supply

A number of large investors have recently made changes to their positions in the stock. Millennium Management LLC raised its position in SiteOne Landscape Supply by 45.9% during the first quarter. Millennium Management LLC now owns 75,149 shares of the industrial products company’s stock worth $9,126,000 after acquiring an additional 23,657 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of SiteOne Landscape Supply by 36.6% during the 1st quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 107 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of SiteOne Landscape Supply by 5.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 213,331 shares of the industrial products company’s stock worth $25,907,000 after purchasing an additional 11,574 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of SiteOne Landscape Supply by 10.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 170,285 shares of the industrial products company’s stock worth $20,679,000 after purchasing an additional 16,378 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of SiteOne Landscape Supply during the 1st quarter worth approximately $6,797,000.

Analysts Set New Price Targets

Several research firms recently commented on SITE. Robert W. Baird set a $160.00 price target on shares of SiteOne Landscape Supply in a research report on Thursday, April 30th. Zacks Research upgraded shares of SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Stifel Nicolaus upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $157.00 price objective for the company in a research report on Monday, May 4th. Truist Financial upped their price objective on shares of SiteOne Landscape Supply from $165.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Finally, Bank of America cut their price objective on shares of SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $160.10.

SiteOne Landscape Supply Company Profile

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.