President of SiteOne Landscape Supply Doug Black Buys 1.5% More Shares

SiteOne Landscape Supply, Inc. (NYSE:SITE) shareholders (or potential shareholders) will be happy to see that the President, Doug Black, recently bought a whopping US$1.0m worth of stock, at a price of US$110. While that only increased their holding size by 1.5%, it is still a big swing by our standards.

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SiteOne Landscape Supply Insider Transactions Over The Last Year

In fact, the recent purchase by Doug Black was the biggest purchase of SiteOne Landscape Supply shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is US$114. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider purchases were made at close to current prices.

Happily, we note that in the last year insiders paid US$2.5m for 24.10k shares. But they sold 1.92k shares for US$258k. In total, SiteOne Landscape Supply insiders bought more than they sold over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Check out our latest analysis for SiteOne Landscape Supply

SiteOne Landscape Supply is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership Of SiteOne Landscape Supply

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. SiteOne Landscape Supply insiders own about US$84m worth of shares. That equates to 1.6% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At SiteOne Landscape Supply Tell Us?

It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. Insiders likely see value in SiteOne Landscape Supply shares, given these transactions (along with notable insider ownership of the company). Of course, the future is what matters most. So if you are interested in SiteOne Landscape Supply, you should check out this free report on analyst forecasts for the company.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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