SiteOne Landscape Supply Inc (NYSE:SITE) CEO Sells $1,430,400.00 in Stock

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SiteOne Landscape Supply Inc (NYSE:SITE) CEO Doug Black sold 15,000 shares of the stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $95.36, for a total value of $1,430,400.00. Following the transaction, the chief executive officer now owns 386,184 shares of the company’s stock, valued at $36,826,506.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Monday, December 16th, Doug Black sold 15,000 shares of SiteOne Landscape Supply stock. The stock was sold at an average price of $88.94, for a total value of $1,334,100.00.
  • On Friday, November 15th, Doug Black sold 7,000 shares of SiteOne Landscape Supply stock. The stock was sold at an average price of $91.10, for a total value of $637,700.00.
  • On Tuesday, November 12th, Doug Black sold 20,000 shares of SiteOne Landscape Supply stock. The stock was sold at an average price of $91.49, for a total value of $1,829,800.00.

Shares of NYSE SITE opened at $94.09 on Thursday. The stock has a 50 day moving average price of $90.28 and a 200 day moving average price of $80.87. SiteOne Landscape Supply Inc has a 52 week low of $45.32 and a 52 week high of $97.23. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.11 and a current ratio of 2.44. The stock has a market capitalization of $3.92 billion, a PE ratio of 55.67 and a beta of 1.01.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.74 by $0.07. SiteOne Landscape Supply had a return on equity of 22.31% and a net margin of 3.18%. The firm had revenue of $652.80 million during the quarter, compared to analysts’ expectations of $642.97 million. During the same period in the prior year, the firm posted $0.70 earnings per share. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, research analysts forecast that SiteOne Landscape Supply Inc will post 2.01 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. NEXT Financial Group Inc boosted its position in SiteOne Landscape Supply by 180.6% during the fourth quarter. NEXT Financial Group Inc now owns 477 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 307 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in SiteOne Landscape Supply by 8.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,678 shares of the industrial products company’s stock valued at $243,000 after purchasing an additional 210 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in SiteOne Landscape Supply during the fourth quarter valued at approximately $519,000. Metropolitan Life Insurance Co NY boosted its position in SiteOne Landscape Supply by 1.5% during the third quarter. Metropolitan Life Insurance Co NY now owns 12,922 shares of the industrial products company’s stock valued at $956,000 after purchasing an additional 197 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in SiteOne Landscape Supply by 11.1% during the third quarter. Public Employees Retirement System of Ohio now owns 49,591 shares of the industrial products company’s stock valued at $3,671,000 after purchasing an additional 4,970 shares during the last quarter.

A number of research firms recently issued reports on SITE. SunTrust Banks increased their price objective on SiteOne Landscape Supply to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. They noted that the move was a valuation call. Berenberg Bank reiterated a “hold” rating and set a $70.00 price objective on shares of SiteOne Landscape Supply in a report on Thursday, October 31st. Deutsche Bank began coverage on SiteOne Landscape Supply in a report on Wednesday, November 27th. They set a “hold” rating for the company. ValuEngine downgraded SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Morgan Stanley upgraded SiteOne Landscape Supply from an “equal weight” rating to an “overweight” rating in a report on Tuesday, December 17th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $74.50.

About SiteOne Landscape Supply

SiteOne Landscape Supply, Inc engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides a selection of approximately 120,000 stock keeping units, including irrigation supplies, fertilizer and control products, landscape accessories, nursery goods, outdoor lightings, and ice melt products, as well as hardscapes, such as pavers, natural stones, and blocks.

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Insider Buying and Selling by Quarter for SiteOne Landscape Supply (NYSE:SITE)

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