Quantbot Technologies LP Raises Position in Tractor Supply (NASDAQ:TSCO)

Quantbot Technologies LP lifted its stake in Tractor Supply (NASDAQ:TSCO) by 1,054.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,291 shares of the specialty retailer’s stock after purchasing an additional 7,573 shares during the period. Quantbot Technologies LP’s holdings in Tractor Supply were worth $2,412,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Future Financial Wealth Managment LLC purchased a new stake in shares of Tractor Supply in the 3rd quarter worth $29,000. First Personal Financial Services purchased a new stake in shares of Tractor Supply in the 3rd quarter worth $29,000. Whittier Trust Co. increased its stake in shares of Tractor Supply by 60.9% in the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 42 shares in the last quarter. OFI Invest Asset Management purchased a new stake in shares of Tractor Supply in the 2nd quarter worth $33,000. Finally, DT Investment Partners LLC increased its stake in shares of Tractor Supply by 120.0% in the 3rd quarter. DT Investment Partners LLC now owns 132 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 72 shares in the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on TSCO shares. Gordon Haskett downgraded shares of Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, October 24th. Benchmark upped their target price on shares of Tractor Supply from $280.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, October 28th. UBS Group upped their target price on shares of Tractor Supply from $272.00 to $280.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Evercore ISI raised shares of Tractor Supply from a “hold” rating to a “strong-buy” rating in a report on Friday, November 15th. Finally, Mizuho upped their target price on shares of Tractor Supply from $250.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $282.59.

Insider Buying and Selling

In related news, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total value of $6,957,000.48. Following the sale, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at $2,862,682.12. This represents a 70.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.24% of the stock is currently owned by corporate insiders.

Tractor Supply Stock Performance

Tractor Supply stock opened at $281.96 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17. Tractor Supply has a 1-year low of $197.00 and a 1-year high of $307.64. The firm has a market capitalization of $30.12 billion, a P/E ratio of 27.43, a price-to-earnings-growth ratio of 3.59 and a beta of 0.82. The company’s 50-day moving average is $284.43 and its 200 day moving average is $275.79.

Tractor Supply Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Monday, November 25th. Tractor Supply’s dividend payout ratio (DPR) is currently 42.80%.

Tractor Supply Profile

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.