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

Segall Bryant & Hamill LLC cut its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 3.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,546 shares of the industrial products company’s stock after selling 3,485 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in SiteOne Landscape Supply were worth $12,910,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Premier Fund Managers Ltd boosted its holdings in shares of SiteOne Landscape Supply by 14.1% in the third quarter. Premier Fund Managers Ltd now owns 405,738 shares of the industrial products company’s stock valued at $61,415,000 after acquiring an additional 50,000 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of SiteOne Landscape Supply in the 3rd quarter valued at $1,906,000. Pathstone Holdings LLC raised its position in SiteOne Landscape Supply by 12.9% in the 3rd quarter. Pathstone Holdings LLC now owns 16,761 shares of the industrial products company’s stock valued at $2,529,000 after purchasing an additional 1,914 shares during the last quarter. Natixis Advisors LLC boosted its stake in SiteOne Landscape Supply by 5.3% during the 3rd quarter. Natixis Advisors LLC now owns 177,718 shares of the industrial products company’s stock worth $26,820,000 after purchasing an additional 8,886 shares during the period. Finally, CIBC Asset Management Inc purchased a new position in SiteOne Landscape Supply during the 3rd quarter worth $200,000.

Analysts Set New Price Targets

SITE has been the subject of a number of research reports. Robert W. Baird upped their target price on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Barclays lifted their target price on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a research note on Thursday, October 31st. Stifel Nicolaus cut SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price target for the company. in a research note on Thursday, August 1st. Finally, Truist Financial lifted their price objective on shares of SiteOne Landscape Supply from $158.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $147.80.

SiteOne Landscape Supply Price Performance

SiteOne Landscape Supply stock opened at $139.54 on Thursday. The company has a market cap of $6.30 billion, a P/E ratio of 45.16 and a beta of 1.53. SiteOne Landscape Supply, Inc. has a one year low of $114.60 and a one year high of $188.01. The business has a fifty day moving average of $145.35 and a two-hundred day moving average of $140.66. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.21). SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the business earned $1.25 EPS. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, analysts predict that SiteOne Landscape Supply, Inc. will post 3.41 earnings per share for the current fiscal 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.