OMERS ADMINISTRATION Corp continued to hold its position in shares of Tractor Supply Co. (NASDAQ:TSCO) during the third quarter, Holdings Channel reports. The institutional investor owned 23,500 shares of the company’s stock at the end of the third quarter. OMERS ADMINISTRATION Corp’s holdings in Tractor Supply were worth $1,583,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of TSCO. Hanson McClain Inc. purchased a new stake in shares of Tractor Supply during the second quarter worth approximately $104,000. Penserra Capital Management LLC boosted its stake in shares of Tractor Supply by 95.5% in the third quarter. Penserra Capital Management LLC now owns 1,548 shares of the company’s stock worth $104,000 after buying an additional 756 shares during the period. BlueMountain Capital Management LLC purchased a new stake in shares of Tractor Supply during the second quarter worth approximately $111,000. Mizuho Asset Management Co. Ltd. boosted its stake in shares of Tractor Supply by 95.3% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,693 shares of the company’s stock worth $154,000 after buying an additional 826 shares during the period. Finally, Conning Inc. boosted its stake in shares of Tractor Supply by 1.0% in the third quarter. Conning Inc. now owns 2,990 shares of the company’s stock worth $201,000 after buying an additional 30 shares during the period. Institutional investors own 87.68% of the company’s stock.
Tractor Supply Co. (NASDAQ:TSCO) traded down 2.12% during trading on Thursday, reaching $74.79. The company’s stock had a trading volume of 1,465,496 shares. The company has a market cap of $9.82 billion, a PE ratio of 23.74 and a beta of 1.30. Tractor Supply Co. has a 52-week low of $61.50 and a 52-week high of $97.25. The stock has a 50-day moving average price of $76.32 and a 200 day moving average price of $76.94.
A number of equities research analysts have commented on the company. Wedbush reduced their price objective on Tractor Supply from $72.00 to $65.00 and set a “neutral” rating for the company in a research note on Thursday, October 20th. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $73.00 price target (down from $77.00) on shares of Tractor Supply in a report on Saturday, October 22nd. Telsey Advisory Group dropped their price target on Tractor Supply from $88.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, October 20th. Northcoast Research upgraded Tractor Supply from a “neutral” rating to a “buy” rating and set a $102.00 price target on the stock in a report on Tuesday, November 29th. Finally, TheStreet lowered Tractor Supply from a “buy” rating to a “hold” rating in a report on Monday, November 7th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company’s stock. Tractor Supply currently has an average rating of “Hold” and a consensus price target of $86.67.
In related news, Director Mark J. Weikel bought 1,000 shares of the stock in a transaction dated Thursday, November 3rd. The stock was bought at an average price of $66.14 per share, with a total value of $66,140.00. Following the purchase, the director now owns 5,627 shares in the company, valued at approximately $372,169.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Anthony F. Crudele sold 30,000 shares of the business’s stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $76.40, for a total value of $2,292,000.00. Following the completion of the sale, the chief financial officer now directly owns 85,366 shares of the company’s stock, valued at approximately $6,521,962.40. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.
About Tractor Supply
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company operates in the retail sale of products that support the rural lifestyle segment. The Company focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses.
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