Fred Diaz Sells 563 Shares of SiteOne Landscape Supply (NYSE:SITE) Stock

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

SiteOne Landscape Supply Stock Down 2.8%

Shares of NYSE SITE opened at $108.54 on Friday. The company has a quick ratio of 0.96, a current ratio of 2.33 and a debt-to-equity ratio of 0.39. SiteOne Landscape Supply, Inc. has a 52 week low of $108.33 and a 52 week high of $168.56. The firm’s fifty day moving average is $128.18 and its 200 day moving average is $134.00. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 32.21, a PEG ratio of 1.41 and a beta of 1.42.

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

Institutional Trading of SiteOne Landscape Supply

A number of hedge funds have recently modified their holdings of SITE. 59 North Capital Management LP bought a new stake in shares of SiteOne Landscape Supply during the 3rd quarter valued at $214,417,000. Cartenna Capital LP bought a new stake in shares of SiteOne Landscape Supply during the 3rd quarter valued at $63,756,000. Amundi bought a new stake in shares of SiteOne Landscape Supply during the 3rd quarter valued at $59,763,000. AQR Capital Management LLC boosted its holdings in shares of SiteOne Landscape Supply by 171.0% during the 4th quarter. AQR Capital Management LLC now owns 691,558 shares of the industrial products company’s stock valued at $86,140,000 after buying an additional 436,376 shares in the last quarter. Finally, Southpoint Capital Advisors LP bought a new stake in shares of SiteOne Landscape Supply during the 4th quarter valued at $49,824,000.

Analyst Ratings Changes

SITE has been the topic of several analyst reports. Robert W. Baird set a $160.00 target price on shares of SiteOne Landscape Supply in a research note on Thursday, April 30th. Zacks Research raised shares of SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. Stifel Nicolaus raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $157.00 price objective on the stock in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a research report on Thursday, April 30th. Finally, Bank of America reduced their price objective on shares of SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Six investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, SiteOne Landscape Supply presently has an average rating of “Hold” and an average 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.