SiteOne Landscape Supply Inc (NYSE:SITE) EVP L Briley Brisendine, Jr. Sells 10,000 Shares

SiteOne Landscape Supply Inc (NYSE:SITE) EVP L Briley Brisendine, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $90.37, for a total value of $903,700.00. Following the sale, the executive vice president now owns 28,336 shares of the company’s stock, valued at $2,560,724.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of SiteOne Landscape Supply stock opened at $91.06 on Friday. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 52.64 and a beta of 1.05. The company has a debt-to-equity ratio of 1.99, a current ratio of 2.44 and a quick ratio of 1.11. SiteOne Landscape Supply Inc has a 52-week low of $45.32 and a 52-week high of $92.32. The stock has a 50-day simple moving average of $78.09 and a 200-day simple moving average of $72.03.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.07. The business had revenue of $652.80 million during the quarter, compared to analyst estimates of $642.97 million. SiteOne Landscape Supply had a return on equity of 22.31% and a net margin of 3.18%. The firm’s revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.70 EPS. As a group, equities research analysts predict that SiteOne Landscape Supply Inc will post 2 earnings per share for the current year.

A number of equities research analysts have commented on the company. Berenberg Bank restated a “hold” rating and set a $70.00 price objective on shares of SiteOne Landscape Supply in a research report on Thursday, October 31st. Royal Bank of Canada raised their price objective on SiteOne Landscape Supply to $68.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 1st. ValuEngine lowered SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research upgraded SiteOne Landscape Supply from a “hold” rating to a “strong-buy” rating and set a $103.00 price objective for the company in a research report on Thursday. Finally, SunTrust Banks raised their price objective on SiteOne Landscape Supply to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. They noted that the move was a valuation call. Six analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. SiteOne Landscape Supply has an average rating of “Hold” and a consensus target price of $74.57.

Several institutional investors have recently made changes to their positions in the company. Baillie Gifford & Co. lifted its holdings in shares of SiteOne Landscape Supply by 55.0% during the 2nd quarter. Baillie Gifford & Co. now owns 4,017,424 shares of the industrial products company’s stock valued at $278,406,000 after buying an additional 1,425,508 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of SiteOne Landscape Supply by 2.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,895,982 shares of the industrial products company’s stock valued at $269,992,000 after buying an additional 106,931 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of SiteOne Landscape Supply by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 3,705,624 shares of the industrial products company’s stock valued at $256,801,000 after buying an additional 14,591 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of SiteOne Landscape Supply by 5.8% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,115,029 shares of the industrial products company’s stock valued at $215,871,000 after buying an additional 169,679 shares during the last quarter. Finally, Wasatch Advisors Inc. lifted its holdings in shares of SiteOne Landscape Supply by 36.2% during the 2nd quarter. Wasatch Advisors Inc. now owns 1,839,579 shares of the industrial products company’s stock valued at $127,483,000 after buying an additional 488,656 shares during the last quarter.

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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