Joseph Ketter Sells 39,640 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) Stock

SiteOne Landscape Supply, Inc. (NYSE:SITE - Get Free Report) EVP Joseph Ketter sold 39,640 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $126.28, for a total transaction of $5,005,739.20. Following the sale, the executive vice president owned 13,663 shares of the company's stock, valued at $1,725,363.64. This trade represents a 74.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

SiteOne Landscape Supply Price Performance

Shares of NYSE SITE traded up $0.75 during trading on Thursday, reaching $129.74. The company had a trading volume of 415,121 shares, compared to its average volume of 429,956. The business's 50 day moving average price is $120.07 and its 200-day moving average price is $126.03. SiteOne Landscape Supply, Inc. has a 52 week low of $101.25 and a 52 week high of $160.75. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.97 and a current ratio of 2.36. The stock has a market cap of $5.81 billion, a PE ratio of 51.69, a PEG ratio of 2.07 and a beta of 1.55.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. HM Payson & Co. acquired a new stake in SiteOne Landscape Supply in the 1st quarter valued at about $25,000. Brooklyn Investment Group bought a new stake in shares of SiteOne Landscape Supply during the 1st quarter valued at $32,000. Golden State Wealth Management LLC boosted its position in shares of SiteOne Landscape Supply by 106.1% during the 1st quarter. Golden State Wealth Management LLC now owns 270 shares of the industrial products company's stock worth $33,000 after acquiring an additional 139 shares in the last quarter. Eastern Bank acquired a new position in shares of SiteOne Landscape Supply during the 1st quarter worth $38,000. Finally, Tortoise Investment Management LLC boosted its stake in shares of SiteOne Landscape Supply by 78.9% in the 4th quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 131 shares in the last quarter.

Analyst Ratings Changes

SITE has been the subject of several research analyst reports. Stifel Nicolaus dropped 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. 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 for the company in a report on Thursday, May 1st. Truist Financial reduced their target price on shares of SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of SiteOne Landscape Supply in a report on Tuesday, April 1st. They issued a "hold" rating and a $135.00 price objective on the stock. Finally, Barclays dropped their target price 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, SiteOne Landscape Supply has an average rating of "Hold" and an average price target 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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