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.
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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