Doug Black Sells 7,384 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) Stock

Key Points

• CEO Doug Black sold 7,384 shares of SiteOne Landscape Supply at an average price of $132.09, totaling approximately $975,352.56, reducing his ownership by 1.21%.
• The company's stock has shown volatility, trading down to $128.46 with a 12-month range of $101.25 to $160.74 and a current market cap of $5.76 billion.
• Analysts have issued mixed ratings for the stock, with a consensus rating of "Hold" and an average target price of $145.70.

SiteOne Landscape Supply, Inc. (NYSE:SITE - Get Free Report) CEO Doug Black sold 7,384 shares of the firm's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $132.09, for a total value of $975,352.56. Following the completion of the transaction, the chief executive officer directly owned 600,446 shares in the company, valued at $79,312,912.14. The trade was a 1.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Friday, July 11th, Doug Black sold 29,760 shares of SiteOne Landscape Supply stock. The stock was sold at an average price of $129.28, for a total transaction of $3,847,372.80.

SiteOne Landscape Supply Price Performance

SiteOne Landscape Supply stock traded down $2.54 during mid-day trading on Tuesday, reaching $128.46. 751,658 shares of the company's stock traded hands, compared to its average volume of 503,840. SiteOne Landscape Supply, Inc. has a 12-month low of $101.25 and a 12-month high of $160.74. The company has a market cap of $5.76 billion, a price-to-earnings ratio of 51.18, a PEG ratio of 2.40 and a beta of 1.55. The stock has a 50 day moving average of $122.89 and a two-hundred day moving average of $125.32. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.39.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported ($0.61) EPS for the quarter, missing analysts' consensus estimates of ($0.50) by ($0.11). SiteOne Landscape Supply had a net margin of 2.53% and a return on equity of 7.31%. The business had revenue of $939.40 million during the quarter, compared to the consensus estimate of $933.90 million. During the same period in the previous year, the business posted ($0.43) EPS. The firm's revenue was up 3.8% on a year-over-year basis. Equities analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

Hedge Funds Weigh In On SiteOne Landscape Supply

Several large investors have recently modified their holdings of the stock. OneDigital Investment Advisors LLC raised its stake in shares of SiteOne Landscape Supply by 22.3% in the first quarter. OneDigital Investment Advisors LLC now owns 1,877 shares of the industrial products company's stock valued at $228,000 after acquiring an additional 342 shares during the period. Teacher Retirement System of Texas grew its holdings in SiteOne Landscape Supply by 124.5% during the 1st quarter. Teacher Retirement System of Texas now owns 8,886 shares of the industrial products company's stock valued at $1,079,000 after purchasing an additional 4,927 shares during the last quarter. GAMMA Investing LLC raised its position in SiteOne Landscape Supply by 24.3% in the 1st quarter. GAMMA Investing LLC now owns 486 shares of the industrial products company's stock worth $59,000 after purchasing an additional 95 shares during the period. Fifth Third Bancorp boosted its position in shares of SiteOne Landscape Supply by 4.9% during the first quarter. Fifth Third Bancorp now owns 3,595 shares of the industrial products company's stock valued at $437,000 after buying an additional 167 shares during the period. Finally, Centiva Capital LP bought a new position in shares of SiteOne Landscape Supply during the fourth quarter valued at approximately $807,000.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Stifel Nicolaus cut their price objective on SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating for the company in a research note on Monday, April 28th. Barclays dropped their price target on shares of SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. Royal Bank Of Canada lowered their target price on shares of SiteOne Landscape Supply from $136.00 to $130.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 1st. Deutsche Bank Aktiengesellschaft began coverage on SiteOne Landscape Supply in a research note on Tuesday, April 1st. They issued a "hold" rating and a $135.00 price target for the company. Finally, Wall Street Zen upgraded SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Saturday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $145.70.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply, Inc, together with its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation products, including controllers, valves, sprinkler heads, irrigation pipes, micro irrigation, and drip products; fertilizer, grass seed, and ice melt products; control products, such as herbicides, fungicides, rodenticides, and other pesticides; landscape accessories that include mulches, soil amendments, drainage pipes, tools, and sods; nursery goods, which consist of deciduous and evergreen shrubs, ornamental, shade, evergreen trees, field grown and container-grown nursery stock, roses, perennials, annuals, bulbs, and plant species and cultivars; hardscapes, such as pavers, natural stones, blocks, and other durable materials; and outdoor lighting products that include lighting fixtures, LED lamps, wires, transformers, and accessories.

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