Pascal Convers Sells 9,750 Shares of SiteOne Landscape Supply Inc (NYSE:SITE) Stock

SiteOne Landscape Supply Inc (NYSE:SITE) EVP Pascal Convers sold 9,750 shares of the firm’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $63.74, for a total transaction of $621,465.00. Following the completion of the sale, the executive vice president now owns 9,750 shares in the company, valued at approximately $621,465. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Pascal Convers also recently made the following trade(s):

  • On Monday, March 18th, Pascal Convers sold 9,750 shares of SiteOne Landscape Supply stock. The shares were sold at an average price of $54.79, for a total value of $534,202.50.
  • On Wednesday, February 13th, Pascal Convers sold 9,750 shares of SiteOne Landscape Supply stock. The shares were sold at an average price of $54.70, for a total value of $533,325.00.

Shares of SITE stock opened at $64.70 on Friday. 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 Inc has a twelve month low of $45.32 and a twelve month high of $95.49. The firm has a market cap of $2.63 billion, a P/E ratio of 37.40 and a beta of 1.14.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, May 1st. The industrial products company reported ($0.59) earnings per share for the quarter, missing the consensus estimate of ($0.48) by ($0.11). The business had revenue of $417.30 million for the quarter, compared to the consensus estimate of $425.91 million. SiteOne Landscape Supply had a return on equity of 23.17% and a net margin of 3.10%. SiteOne Landscape Supply’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.43) earnings per share. On average, research analysts expect that SiteOne Landscape Supply Inc will post 1.81 earnings per share for the current fiscal year.

SITE has been the subject of a number of research reports. TheStreet upgraded SiteOne Landscape Supply from a “d+” rating to a “c-” rating in a research report on Monday, April 29th. Zacks Investment Research upgraded SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 24th. UBS Group set a $58.00 target price on SiteOne Landscape Supply and gave the company a “hold” rating in a research note on Friday, May 3rd. Berenberg Bank set a $76.00 target price on SiteOne Landscape Supply and gave the stock a “buy” rating in a report on Friday, May 3rd. Finally, ValuEngine raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Friday, April 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $74.10.

A number of institutional investors have recently bought and sold shares of SITE. Kayne Anderson Rudnick Investment Management LLC raised its position in SiteOne Landscape Supply by 67.9% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,431,340 shares of the industrial products company’s stock valued at $134,380,000 after purchasing an additional 983,117 shares during the last quarter. Brown Advisory Inc. raised its position in SiteOne Landscape Supply by 92.7% in the fourth quarter. Brown Advisory Inc. now owns 793,021 shares of the industrial products company’s stock valued at $43,829,000 after purchasing an additional 381,468 shares during the last quarter. Norges Bank bought a new position in SiteOne Landscape Supply in the fourth quarter valued at about $14,846,000. Millennium Management LLC raised its position in SiteOne Landscape Supply by 619.6% in the fourth quarter. Millennium Management LLC now owns 276,709 shares of the industrial products company’s stock valued at $15,294,000 after purchasing an additional 238,257 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in SiteOne Landscape Supply by 30.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 950,115 shares of the industrial products company’s stock valued at $52,512,000 after purchasing an additional 223,258 shares during the last quarter.

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SiteOne Landscape Supply Company Profile

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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Insider Buying and Selling by Quarter for SiteOne Landscape Supply (NYSE:SITE)

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