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

SiteOne Landscape Supply, Inc. (NYSE:SITE) Director Fred Diaz sold 562 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $112.52, for a total value of $63,236.24. Following the sale, the director owned 11,267 shares of the company’s stock, valued at $1,267,762.84. The trade was a 4.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SiteOne Landscape Supply Stock Down 2.8%

Shares of SITE opened at $108.54 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 2.33. SiteOne Landscape Supply, Inc. has a one year low of $108.33 and a one year high of $168.56. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of 32.21, a PEG ratio of 1.41 and a beta of 1.42. The stock has a 50 day moving average price of $128.18 and a 200 day moving average price of $134.00.

SiteOne Landscape Supply (NYSE:SITE) last issued 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 analysts’ expectations of $982.27 million. During the same quarter in the previous year, the firm posted ($0.61) earnings per share. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. Equities research analysts forecast that SiteOne Landscape Supply, Inc. will post 4.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SiteOne Landscape Supply

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SITE. True Wealth Design LLC boosted its stake in SiteOne Landscape Supply by 541.9% during the fourth 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. boosted its stake in SiteOne Landscape Supply by 72.7% during the first 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 boosted its stake in SiteOne Landscape Supply by 1,521.4% during the fourth 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 boosted its stake in SiteOne Landscape Supply by 106.8% during the fourth 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 acquired a new position in SiteOne Landscape Supply during the fourth quarter worth $42,000.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SITE shares. Truist Financial boosted their price target on SiteOne Landscape Supply from $165.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Robert W. Baird set a $160.00 price objective on SiteOne Landscape Supply in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a research note on Thursday, April 30th. Zacks Research raised SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. Finally, Barclays lowered their price objective on SiteOne Landscape Supply from $150.00 to $148.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $160.10.

SiteOne Landscape Supply Company Profile

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.