SiteOne Landscape Supply (NYSE:SITE) Director Fred Diaz Sells 562 Shares

SiteOne Landscape Supply, Inc. (NYSE:SITE) Director Fred Diaz sold 562 shares of SiteOne Landscape Supply stock in a transaction that occurred 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 transaction, the director owned 11,267 shares of the company’s stock, valued at $1,267,762.84. This trade represents a 4.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SiteOne Landscape Supply Stock Down 2.8%

Shares of SITE stock traded down $3.18 during trading on Friday, reaching $108.54. The company’s stock had a trading volume of 951,546 shares, compared to its average volume of 749,408. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.33 and a quick ratio of 0.96. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 32.21, a P/E/G ratio of 1.48 and a beta of 1.42. The stock’s 50-day moving average price is $128.60 and its 200 day moving average price is $134.18. SiteOne Landscape Supply, Inc. has a 1-year low of $108.33 and a 1-year high of $168.56.

SiteOne Landscape Supply (NYSE:SITE) last posted 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 return on equity of 9.22% and a net margin of 3.24%.The firm had revenue of $940.10 million for the quarter, compared to analyst estimates of $982.27 million. During the same quarter last year, the firm earned ($0.61) EPS. The company’s revenue was up .1% on a year-over-year basis. On average, research analysts anticipate that SiteOne Landscape Supply, Inc. will post 4.18 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on SITE. Stifel Nicolaus upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $157.00 price target for the company in a report on Monday, May 4th. Truist Financial boosted their price target on shares of SiteOne Landscape Supply from $165.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Robert W. Baird set a $160.00 price target on shares of SiteOne Landscape Supply in a report on Thursday, April 30th. UBS Group began coverage on shares of SiteOne Landscape Supply in a report on Friday, April 10th. They set a “neutral” rating and a $140.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a report on Thursday, April 30th. 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 stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $160.10.

Institutional Trading of SiteOne Landscape Supply

Institutional investors have recently modified their holdings of the stock. True Wealth Design LLC lifted its position in shares of SiteOne Landscape Supply by 541.9% during the 4th 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. lifted its position in shares of SiteOne Landscape Supply by 72.7% during the 1st 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 lifted its position in shares of SiteOne Landscape Supply by 1,521.4% during the 4th 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 lifted its position in shares of SiteOne Landscape Supply by 106.8% during the 4th 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 stake in shares of SiteOne Landscape Supply during the 4th quarter worth approximately $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.