Segall Bryant & Hamill LLC Decreases Stock Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Segall Bryant & Hamill LLC lessened its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 84,411 shares of the industrial products company’s stock after selling 1,135 shares during the period. Segall Bryant & Hamill LLC owned 0.19% of SiteOne Landscape Supply worth $11,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of SiteOne Landscape Supply in the 4th quarter worth approximately $40,676,000. Skandinaviska Enskilda Banken AB publ boosted its stake in SiteOne Landscape Supply by 320.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 226,300 shares of the industrial products company’s stock valued at $29,713,000 after acquiring an additional 172,500 shares in the last quarter. Wasatch Advisors LP grew its holdings in SiteOne Landscape Supply by 11.4% in the third quarter. Wasatch Advisors LP now owns 1,577,651 shares of the industrial products company’s stock worth $238,083,000 after purchasing an additional 161,846 shares during the last quarter. Bamco Inc. NY increased its position in shares of SiteOne Landscape Supply by 8.9% during the third quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company’s stock worth $238,489,000 after purchasing an additional 129,252 shares in the last quarter. Finally, WCM Investment Management LLC increased its position in shares of SiteOne Landscape Supply by 593.6% during the fourth quarter. WCM Investment Management LLC now owns 131,317 shares of the industrial products company’s stock worth $17,242,000 after purchasing an additional 112,385 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SITE shares. StockNews.com upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Sunday, March 16th. Jefferies Financial Group upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and upped their price objective for the company from $145.00 to $175.00 in a report on Friday, December 6th. UBS Group lowered their target price on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Royal Bank of Canada upped their price target on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $140.00 price objective (down from $145.00) on shares of SiteOne Landscape Supply in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $154.56.

SiteOne Landscape Supply Trading Down 0.4 %

Shares of SiteOne Landscape Supply stock opened at $127.82 on Wednesday. The stock has a market cap of $5.75 billion, a PE ratio of 47.52 and a beta of 1.69. The firm has a fifty day moving average price of $134.14 and a 200 day moving average price of $139.78. SiteOne Landscape Supply, Inc. has a 1 year low of $114.60 and a 1 year high of $183.86. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.22). SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. Equities research analysts predict that SiteOne Landscape Supply, Inc. will post 3.61 earnings per share for the current 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.