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

Dimensional Fund Advisors LP raised its holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 10.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 568,349 shares of the industrial products company’s stock after acquiring an additional 53,131 shares during the quarter. Dimensional Fund Advisors LP’s holdings in SiteOne Landscape Supply were worth $69,007,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Envestnet Asset Management Inc. raised its position in shares of SiteOne Landscape Supply by 8.1% during the second quarter. Envestnet Asset Management Inc. now owns 339,271 shares of the industrial products company’s stock worth $41,191,000 after acquiring an additional 25,391 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in SiteOne Landscape Supply by 36.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 30,299 shares of the industrial products company’s stock worth $3,679,000 after purchasing an additional 8,148 shares during the last quarter. Qsemble Capital Management LP acquired a new position in shares of SiteOne Landscape Supply in the 2nd quarter worth approximately $509,000. American Century Companies Inc. boosted its stake in shares of SiteOne Landscape Supply by 44.3% in the 2nd quarter. American Century Companies Inc. now owns 360,079 shares of the industrial products company’s stock valued at $43,717,000 after purchasing an additional 110,589 shares during the last quarter. Finally, Malaga Cove Capital LLC increased its position in shares of SiteOne Landscape Supply by 48.9% during the second quarter. Malaga Cove Capital LLC now owns 5,829 shares of the industrial products company’s stock worth $708,000 after buying an additional 1,913 shares during the period.

Insider Transactions at SiteOne Landscape Supply

In related news, Director Fred M. Diaz sold 878 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $129.04, for a total transaction of $113,297.12. Following the transaction, the director now directly owns 11,267 shares of the company’s stock, valued at $1,453,893.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on SITE shares. Robert W. Baird cut their price target on shares of SiteOne Landscape Supply from $175.00 to $168.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. StockNews.com downgraded SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. Stifel Nicolaus lowered SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price target on the stock. in a research note on Thursday, August 1st. UBS Group reduced their price objective on shares of SiteOne Landscape Supply from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Finally, Jefferies Financial Group dropped their target price on shares of SiteOne Landscape Supply from $160.00 to $125.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, SiteOne Landscape Supply presently has a consensus rating of “Hold” and an average price target of $144.33.

SiteOne Landscape Supply Trading Up 0.2 %

NYSE:SITE opened at $151.19 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.47 and a quick ratio of 1.10. SiteOne Landscape Supply, Inc. has a one year low of $114.60 and a one year high of $188.01. The company has a market cap of $6.82 billion, a PE ratio of 43.82 and a beta of 1.53. The firm has a 50-day moving average of $139.58 and a 200-day moving average of $147.24.

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