Dimensional Fund Advisors LP Has $69.01 Million Position in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Dimensional Fund Advisors LP lifted its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 10.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 568,349 shares of the industrial products company’s stock after acquiring an additional 53,131 shares during the period. Dimensional Fund Advisors LP owned approximately 1.26% of SiteOne Landscape Supply worth $69,007,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Toronto Dominion Bank acquired a new position in SiteOne Landscape Supply in the first quarter valued at about $29,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of SiteOne Landscape Supply in the 2nd quarter valued at approximately $27,000. Benjamin F. Edwards & Company Inc. increased its stake in SiteOne Landscape Supply by 588.1% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 289 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 247 shares in the last quarter. YHB Investment Advisors Inc. acquired a new stake in SiteOne Landscape Supply during the 1st quarter worth approximately $58,000. Finally, National Bank of Canada FI lifted its stake in SiteOne Landscape Supply by 67.5% in the second quarter. National Bank of Canada FI now owns 536 shares of the industrial products company’s stock valued at $63,000 after buying an additional 216 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SITE shares. UBS Group dropped their price target on SiteOne Landscape Supply from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Loop Capital decreased their price target on shares of SiteOne Landscape Supply from $155.00 to $140.00 and set a “hold” rating for the company in a research note on Thursday, June 13th. Royal Bank of Canada cut their price objective on shares of SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 1st. Barclays cut their price target on shares of SiteOne Landscape Supply from $129.00 to $114.00 and set an “underweight” rating on the stock in a research report on Friday, July 12th. Finally, StockNews.com cut SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, SiteOne Landscape Supply has a consensus rating of “Hold” and an average target price of $144.33.

Insider Buying and Selling

In other SiteOne Landscape Supply news, Director Fred M. Diaz sold 878 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $129.04, for a total transaction of $113,297.12. Following the completion of the sale, the director now directly owns 11,267 shares in the company, valued at $1,453,893.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is currently owned by company insiders.

SiteOne Landscape Supply Price Performance

Shares of NYSE SITE opened at $151.19 on Friday. The stock has a market capitalization of $6.82 billion, a PE ratio of 43.82 and a beta of 1.53. SiteOne Landscape Supply, Inc. has a fifty-two week low of $114.60 and a fifty-two week high of $188.01. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.47 and a quick ratio of 1.10. The business has a fifty day moving average price of $139.58 and a two-hundred day moving average price of $147.24.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.50 by $0.13. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.39 billion. SiteOne Landscape Supply had a net margin of 3.50% and a return on equity of 10.27%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.71 earnings per share. As a group, equities analysts predict that SiteOne Landscape Supply, Inc. will post 3.19 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.