Segall Bryant & Hamill LLC Sells 2,347 Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE)

Segall Bryant & Hamill LLC lessened its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 2.8% in the first quarter, Holdings Channel.com reports. The fund owned 82,064 shares of the industrial products company’s stock after selling 2,347 shares during the period. Segall Bryant & Hamill LLC’s holdings in SiteOne Landscape Supply were worth $9,966,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. HM Payson & Co. purchased a new position in shares of SiteOne Landscape Supply during the first quarter worth approximately $25,000. Golden State Wealth Management LLC grew its stake in SiteOne Landscape Supply by 106.1% during the 1st quarter. Golden State Wealth Management LLC now owns 270 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 139 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of SiteOne Landscape Supply in the 4th quarter valued at about $40,000. Brown Brothers Harriman & Co. raised its stake in shares of SiteOne Landscape Supply by 395.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 342 shares of the industrial products company’s stock worth $45,000 after buying an additional 273 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of SiteOne Landscape Supply by 24.3% during the first quarter. GAMMA Investing LLC now owns 486 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 95 shares during the last quarter.

SiteOne Landscape Supply Price Performance

NYSE:SITE opened at $125.47 on Friday. SiteOne Landscape Supply, Inc. has a one year low of $101.25 and a one year high of $160.75. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.97 and a current ratio of 2.36. The firm’s fifty day moving average is $122.28 and its two-hundred day moving average is $125.45. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of 49.99, a PEG ratio of 2.03 and a beta of 1.55.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, April 30th. The industrial products company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.50) by ($0.11). The company had revenue of $939.40 million for the quarter, compared to analyst estimates of $933.90 million. SiteOne Landscape Supply had a return on equity of 7.31% and a net margin of 2.53%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the company posted ($0.43) EPS. Research analysts expect that SiteOne Landscape Supply, Inc. will post 3.61 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SITE. Barclays cut their target price on shares of SiteOne Landscape Supply from $120.00 to $106.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 8th. Royal Bank Of Canada cut their target price on shares of SiteOne Landscape Supply from $136.00 to $130.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of SiteOne Landscape Supply in a report on Tuesday, April 1st. They set a “hold” rating and a $135.00 price target on the stock. Loop Capital reduced their target price on shares of SiteOne Landscape Supply from $150.00 to $125.00 and set a “hold” rating on the stock in a report on Friday, April 4th. Finally, Truist Financial decreased their price objective on shares of SiteOne Landscape Supply from $165.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, SiteOne Landscape Supply presently has a consensus rating of “Hold” and a consensus price target of $145.70.

Insider Buying and Selling

In other news, CEO Doug Black sold 29,760 shares of the firm’s stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $129.28, for a total value of $3,847,372.80. Following the completion of the transaction, the chief executive officer directly owned 596,684 shares in the company, valued at approximately $77,139,307.52. This trade represents a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph Ketter sold 39,640 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $126.28, for a total transaction of $5,005,739.20. Following the transaction, the executive vice president directly owned 13,663 shares of the company’s stock, valued at $1,725,363.64. This represents a 74.37% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

SiteOne Landscape Supply Profile

SiteOne Landscape Supply, Inc, together with its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation products, including controllers, valves, sprinkler heads, irrigation pipes, micro irrigation, and drip products; fertilizer, grass seed, and ice melt products; control products, such as herbicides, fungicides, rodenticides, and other pesticides; landscape accessories that include mulches, soil amendments, drainage pipes, tools, and sods; nursery goods, which consist of deciduous and evergreen shrubs, ornamental, shade, evergreen trees, field grown and container-grown nursery stock, roses, perennials, annuals, bulbs, and plant species and cultivars; hardscapes, such as pavers, natural stones, blocks, and other durable materials; and outdoor lighting products that include lighting fixtures, LED lamps, wires, transformers, and accessories.