Segall Bryant & Hamill LLC Cuts Stake in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Segall Bryant & Hamill LLC lessened its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE - Free Report) by 2.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. 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 owned approximately 0.18% of SiteOne Landscape Supply worth $9,966,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SITE. HM Payson & Co. purchased a new stake in SiteOne Landscape Supply during the 1st quarter valued at $25,000. Golden State Wealth Management LLC raised its stake in shares of SiteOne Landscape Supply by 106.1% in the first quarter. Golden State Wealth Management LLC now owns 270 shares of the industrial products company's stock valued at $33,000 after acquiring an additional 139 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of SiteOne Landscape Supply in the fourth quarter valued at $40,000. Brown Brothers Harriman & Co. lifted its holdings in shares of SiteOne Landscape Supply by 395.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 342 shares of the industrial products company's stock worth $45,000 after acquiring an additional 273 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of SiteOne Landscape Supply by 24.3% during the 1st 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 period.

Insider Buying and Selling

In other SiteOne Landscape Supply news, EVP Joseph Ketter sold 39,640 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $126.28, for a total transaction of $5,005,739.20. Following the completion of the sale, the executive vice president owned 13,663 shares in the company, valued at $1,725,363.64. This represents a 74.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Doug Black sold 29,760 shares of SiteOne Landscape Supply stock in a transaction 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 disclosure for this sale can be found here. Insiders own 2.60% of the company's stock.

Analyst Ratings Changes

SITE has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft started 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. Stifel Nicolaus cut their target price on SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating on the stock in a research note on Monday, April 28th. Barclays decreased their price target on SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Royal Bank Of Canada cut their price objective on 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. Finally, Loop Capital decreased their target price on 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. One equities 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, the company has a consensus rating of "Hold" and an average target price of $145.70.

SiteOne Landscape Supply Stock Down 0.9%

Shares of SITE stock traded down $1.11 on Friday, hitting $124.27. The stock had a trading volume of 660,861 shares, compared to its average volume of 420,469. SiteOne Landscape Supply, Inc. has a one year low of $101.25 and a one year high of $160.75. The business has a 50 day moving average price of $122.36 and a 200 day moving average price of $125.40. The company has a market cap of $5.57 billion, a PE ratio of 49.95, a P/E/G ratio of 2.06 and a beta of 1.55. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.39.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted its 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 business had revenue of $939.40 million for the quarter, compared to analysts' expectations of $933.90 million. During the same period last year, the business posted ($0.43) EPS. The company's revenue for the quarter was up 3.8% on a year-over-year basis. Research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current fiscal year.

SiteOne Landscape Supply Company 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.