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

Segall Bryant & Hamill LLC decreased its holdings in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,064 shares of the industrial products company's stock after selling 2,347 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.18% of SiteOne Landscape Supply worth $9,966,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SITE. Vanguard Group Inc. increased its stake in shares of SiteOne Landscape Supply by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 4,162,578 shares of the industrial products company's stock valued at $548,503,000 after purchasing an additional 49,256 shares during the period. Wasatch Advisors LP boosted its holdings in shares of SiteOne Landscape Supply by 9.7% in the fourth quarter. Wasatch Advisors LP now owns 1,731,098 shares of the industrial products company's stock valued at $228,107,000 after acquiring an additional 153,447 shares in the last quarter. Bamco Inc. NY boosted its holdings in shares of SiteOne Landscape Supply by 4.6% in the fourth quarter. Bamco Inc. NY now owns 1,652,772 shares of the industrial products company's stock valued at $217,786,000 after acquiring an additional 72,430 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of SiteOne Landscape Supply by 6.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,598,005 shares of the industrial products company's stock valued at $210,570,000 after acquiring an additional 91,719 shares in the last quarter. Finally, Conestoga Capital Advisors LLC boosted its holdings in shares of SiteOne Landscape Supply by 1.4% in the first quarter. Conestoga Capital Advisors LLC now owns 1,183,574 shares of the industrial products company's stock valued at $143,733,000 after acquiring an additional 16,120 shares in the last quarter.

Insider Buying and Selling

In other news, CEO Doug Black sold 29,760 shares of the company'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 owned 596,684 shares in the company, valued at $77,139,307.52. This represents a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph Ketter sold 39,640 shares of the company'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 completion of the transaction, the executive vice president owned 13,663 shares of the company's stock, valued at $1,725,363.64. This trade represents a 74.37% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.60% of the company's stock.

Wall Street Analysts Forecast Growth

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

SiteOne Landscape Supply Price Performance

Shares of SiteOne Landscape Supply stock traded down $1.15 during trading on Monday, hitting $123.23. 822,107 shares of the company's stock traded hands, compared to its average volume of 421,546. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.36 and a quick ratio of 0.97. The firm's fifty day moving average price is $122.36 and its 200 day moving average price is $125.33. SiteOne Landscape Supply, Inc. has a twelve month low of $101.25 and a twelve month high of $160.75. The company has a market cap of $5.52 billion, a PE ratio of 49.09, a PEG ratio of 2.04 and a beta of 1.55.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The industrial products company reported ($0.61) EPS for the quarter, missing analysts' consensus estimates of ($0.50) by ($0.11). SiteOne Landscape Supply had a net margin of 2.53% and a return on equity of 7.31%. The firm had revenue of $939.40 million during the quarter, compared to analyst estimates of $933.90 million. During the same quarter last year, the firm earned ($0.43) earnings per share. SiteOne Landscape Supply's quarterly revenue was up 3.8% on a year-over-year basis. Analysts forecast that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current year.

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.