SiteOne Landscape Supply, Inc. (NYSE:SITE) Shares Sold by Bridge City Capital LLC

Bridge City Capital LLC lessened its stake in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 0.9% during the first quarter, Holdings Channel reports. The firm owned 26,589 shares of the industrial products company’s stock after selling 231 shares during the period. Bridge City Capital LLC’s holdings in SiteOne Landscape Supply were worth $3,229,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in SiteOne Landscape Supply during the 4th quarter worth approximately $40,676,000. Artisan Partners Limited Partnership increased its stake in shares of SiteOne Landscape Supply by 137.2% in the fourth quarter. Artisan Partners Limited Partnership now owns 368,142 shares of the industrial products company’s stock worth $48,510,000 after acquiring an additional 212,907 shares during the last quarter. BLI Banque de Luxembourg Investments bought a new stake in SiteOne Landscape Supply in the fourth quarter worth $22,787,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of SiteOne Landscape Supply by 320.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 226,300 shares of the industrial products company’s stock worth $29,713,000 after buying an additional 172,500 shares during the period. Finally, Wasatch Advisors LP increased its position in SiteOne Landscape Supply by 9.7% in the 4th quarter. Wasatch Advisors LP now owns 1,731,098 shares of the industrial products company’s stock worth $228,107,000 after buying an additional 153,447 shares during the period.

Wall Street Analysts Forecast Growth

SITE has been the subject of a number of 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 objective 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 on the stock in a research report on Friday, April 4th. Royal Bank of Canada reduced their target price on SiteOne Landscape Supply from $136.00 to $130.00 and set a “sector perform” rating on the stock in a report on Thursday, May 1st. Robert W. Baird dropped their price objective on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Finally, Truist Financial cut their price target on SiteOne Landscape Supply from $165.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, SiteOne Landscape Supply presently has an average rating of “Hold” and a consensus target price of $145.70.

SiteOne Landscape Supply Stock Down 1.2%

Shares of SiteOne Landscape Supply stock opened at $122.15 on Monday. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 45.41 and a beta of 1.56. SiteOne Landscape Supply, Inc. has a one year low of $101.25 and a one year high of $160.75. The stock’s 50-day moving average is $116.83 and its 200 day moving average is $129.29. 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 issued its quarterly earnings data 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 return on equity of 7.93% and a net margin of 2.72%. The company had revenue of $939.40 million for the quarter, compared to the consensus estimate of $933.90 million. During the same period in the prior year, the firm posted ($0.43) earnings per share. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. Equities research analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.61 EPS 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.