Insider Selling: SiteOne Landscape Supply, Inc. (NYSE:SITE) EVP Sells 6,500 Shares of Stock

SiteOne Landscape Supply, Inc. (NYSE:SITE - Get Free Report) EVP Joseph Ketter sold 6,500 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $142.20, for a total transaction of $924,300.00. Following the transaction, the executive vice president now owns 12,942 shares in the company, valued at approximately $1,840,352.40. The trade was a 33.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

SiteOne Landscape Supply Trading Up 3.9 %

Shares of NYSE:SITE traded up $5.63 during mid-day trading on Friday, hitting $148.77. The company had a trading volume of 527,799 shares, compared to its average volume of 369,895. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. SiteOne Landscape Supply, Inc. has a one year low of $114.60 and a one year high of $188.01. The firm has a fifty day moving average price of $145.80 and a 200 day moving average price of $140.61. The company has a market capitalization of $6.71 billion, a PE ratio of 48.12 and a beta of 1.53.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.21). The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The firm's revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.25 EPS. As a group, research analysts forecast that SiteOne Landscape Supply, Inc. will post 3.41 EPS for the current year.

Institutional Trading of SiteOne Landscape Supply

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP boosted its holdings in SiteOne Landscape Supply by 11.4% during the third quarter. Wasatch Advisors LP now owns 1,577,651 shares of the industrial products company's stock worth $238,083,000 after purchasing an additional 161,846 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of SiteOne Landscape Supply by 49.3% in the second quarter. Bank of New York Mellon Corp now owns 479,581 shares of the industrial products company's stock valued at $58,226,000 after acquiring an additional 158,350 shares in the last quarter. Bamco Inc. NY grew its holdings in shares of SiteOne Landscape Supply by 8.9% in the third quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company's stock valued at $238,489,000 after acquiring an additional 129,252 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of SiteOne Landscape Supply by 130.9% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 198,214 shares of the industrial products company's stock valued at $24,065,000 after acquiring an additional 112,362 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in SiteOne Landscape Supply by 44.3% during the second quarter. American Century Companies Inc. now owns 360,079 shares of the industrial products company's stock worth $43,717,000 after acquiring an additional 110,589 shares during the period.

Analysts Set New Price Targets

Several research analysts have commented on SITE shares. Barclays boosted their price objective on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an "underweight" rating in a research report on Thursday, October 31st. The Goldman Sachs Group assumed coverage on SiteOne Landscape Supply in a research note on Thursday, October 10th. They issued a "neutral" rating and a $158.00 price objective on the stock. Truist Financial boosted their target price on SiteOne Landscape Supply from $158.00 to $165.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Stifel Nicolaus downgraded shares of SiteOne Landscape Supply from a "buy" rating to a "hold" rating and set a $150.00 price target on the stock. in a research note on Thursday, August 1st. Finally, StockNews.com raised shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, SiteOne Landscape Supply has an average rating of "Hold" and a consensus price target of $147.80.

About SiteOne Landscape Supply

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.