John T. Guthrie Sells 10,000 Shares of SiteOne Landscape Supply Inc (SITE) Stock

SiteOne Landscape Supply Inc (NYSE:SITE) CFO John T. Guthrie sold 10,000 shares of SiteOne Landscape Supply stock in a transaction that occurred on Tuesday, March 20th. The stock was sold at an average price of $74.89, for a total transaction of $748,900.00. Following the completion of the sale, the chief financial officer now directly owns 48,186 shares in the company, valued at approximately $3,608,649.54. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of SITE stock opened at $72.75 on Friday. The company has a current ratio of 2.92, a quick ratio of 1.28 and a debt-to-equity ratio of 2.19. SiteOne Landscape Supply Inc has a 1-year low of $45.70 and a 1-year high of $80.56. The stock has a market cap of $3,041.10, a price-to-earnings ratio of 55.53 and a beta of 1.87.

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SiteOne Landscape Supply (NYSE:SITE) last issued its earnings results on Tuesday, February 20th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. SiteOne Landscape Supply had a net margin of 2.93% and a return on equity of 27.59%. The business had revenue of $415.70 million for the quarter, compared to analysts’ expectations of $410.38 million. During the same quarter in the previous year, the firm posted ($0.14) EPS. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. equities research analysts forecast that SiteOne Landscape Supply Inc will post 1.9 earnings per share for the current fiscal year.

A number of equities research analysts recently commented on SITE shares. Barclays set a $65.00 price target on shares of SiteOne Landscape Supply and gave the stock a “hold” rating in a report on Monday, January 8th. Zacks Investment Research raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. UBS cut shares of SiteOne Landscape Supply from a “neutral” rating to a “sell” rating and set a $72.00 target price on the stock. in a report on Monday, January 22nd. They noted that the move was a valuation call. William Blair raised shares of SiteOne Landscape Supply from a “market perform” rating to an “outperform” rating in a report on Friday, January 26th. Finally, Royal Bank of Canada set a $85.00 target price on shares of SiteOne Landscape Supply and gave the company a “buy” rating in a report on Wednesday, February 14th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $74.33.

A number of hedge funds have recently modified their holdings of SITE. Wells Fargo & Company MN raised its holdings in SiteOne Landscape Supply by 312.3% during the 3rd quarter. Wells Fargo & Company MN now owns 1,366,395 shares of the industrial products company’s stock valued at $79,387,000 after acquiring an additional 1,034,971 shares during the period. Wasatch Advisors Inc. increased its holdings in shares of SiteOne Landscape Supply by 1,803.9% in the fourth quarter. Wasatch Advisors Inc. now owns 1,062,098 shares of the industrial products company’s stock worth $81,463,000 after purchasing an additional 1,006,314 shares during the period. Thrivent Financial For Lutherans bought a new position in shares of SiteOne Landscape Supply in the fourth quarter worth $45,412,000. Hennessy Advisors Inc. bought a new position in shares of SiteOne Landscape Supply in the fourth quarter worth $37,307,000. Finally, Neuberger Berman Group LLC bought a new position in shares of SiteOne Landscape Supply in the third quarter worth $24,028,000.

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About SiteOne Landscape Supply

SiteOne Landscape Supply, Inc is a national wholesale distributor of landscape supplies in the United States and Canada. The Company is a supplier of irrigation, landscape lighting, hardscapes, lawn care supplies, nursery stock, and landscape accessories to green industry professionals. As of October 2, 2016, the Company had over 450 stores.

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