Ross Anker Sells 16,025 Shares of SiteOne Landscape Supply Inc (SITE) Stock

SiteOne Landscape Supply Inc (NYSE:SITE) EVP Ross Anker sold 16,025 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $62.52, for a total value of $1,001,883.00. Following the completion of the sale, the executive vice president now owns 44,007 shares in the company, valued at approximately $2,751,317.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NYSE SITE opened at $64.40 on Wednesday. The stock has a market capitalization of $2.60 billion, a P/E ratio of 37.23 and a beta of 1.14. SiteOne Landscape Supply Inc has a twelve month low of $45.32 and a twelve month high of $95.49. The company has a quick ratio of 0.94, a current ratio of 2.38 and a debt-to-equity ratio of 2.87.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings results on Wednesday, May 1st. The industrial products company reported ($0.59) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.11). The business had revenue of $417.30 million during the quarter, compared to analyst estimates of $425.91 million. SiteOne Landscape Supply had a return on equity of 23.17% and a net margin of 3.10%. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.43) EPS. As a group, equities research analysts expect that SiteOne Landscape Supply Inc will post 1.78 EPS for the current year.

SITE has been the topic of a number of recent research reports. Berenberg Bank set a $76.00 target price on SiteOne Landscape Supply and gave the stock a “buy” rating in a research note on Friday, May 3rd. TheStreet upgraded SiteOne Landscape Supply from a “d+” rating to a “c-” rating in a research note on Monday, April 29th. UBS Group set a $58.00 target price on SiteOne Landscape Supply and gave the stock a “hold” rating in a research note on Friday, May 3rd. Royal Bank of Canada set a $61.00 target price on SiteOne Landscape Supply and gave the stock a “hold” rating in a research note on Thursday, May 2nd. Finally, Zacks Investment Research upgraded SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $74.10.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SITE. Bank of Montreal Can raised its holdings in SiteOne Landscape Supply by 108.0% in the 4th quarter. Bank of Montreal Can now owns 570 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 296 shares during the period. Park National Corp OH acquired a new position in SiteOne Landscape Supply in the 1st quarter worth about $207,000. First Allied Advisory Services Inc. acquired a new position in SiteOne Landscape Supply in the 1st quarter worth about $217,000. Stephens Inc. AR raised its holdings in SiteOne Landscape Supply by 35.5% in the 4th quarter. Stephens Inc. AR now owns 4,163 shares of the industrial products company’s stock worth $230,000 after purchasing an additional 1,091 shares during the period. Finally, Prudential Financial Inc. raised its holdings in SiteOne Landscape Supply by 7.9% in the 4th quarter. Prudential Financial Inc. now owns 4,212 shares of the industrial products company’s stock worth $233,000 after purchasing an additional 308 shares during the period.

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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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