The Quantbot Technologies LP Has $4,705,000 Position in Tractor Supply Company (TSCO)

The Quantbot Technologies LP Has $4,705,000 Position in Tractor Supply Company (TSCO)

Quantbot Technologies LP increased its stake in shares of Tractor Supply Company (NASDAQ:TSCO) by 529.4% during the third quarter, Holdings Channel reports. The fund owned 69,867 shares of the company’s stock after buying an additional 58,766 shares during the period. Quantbot Technologies LP owned 0.05% of Tractor Supply Company worth $4,705,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its stake in shares of Tractor Supply Company by 6.3% in the third quarter. Advisors Asset Management Inc. now owns 54,531 shares of the company’s stock valued at $3,673,000 after buying an additional 3,241 shares during the last quarter. Bradley Foster & Sargent Inc. CT boosted its stake in shares of Tractor Supply Company by 1.9% in the third quarter. Bradley Foster & Sargent Inc. CT now owns 21,830 shares of the company’s stock valued at $1,470,000 after buying an additional 400 shares during the last quarter. WCM Investment Management CA bought a new stake in shares of Tractor Supply Company during the third quarter valued at approximately $25,453,000. Schwartz Investment Counsel Inc. bought a new stake in shares of Tractor Supply Company during the third quarter valued at approximately $19,532,000. Finally, State of Wisconsin Investment Board boosted its stake in shares of Tractor Supply Company by 52.5% in the third quarter. State of Wisconsin Investment Board now owns 135,438 shares of the company’s stock valued at $9,122,000 after buying an additional 46,600 shares during the last quarter. Institutional investors and hedge funds own 87.68% of the company’s stock.

Tractor Supply Company (NASDAQ:TSCO) traded down 1.16% on Wednesday, hitting $76.46. The stock had a trading volume of 665,538 shares. The firm has a 50-day moving average of $76.27 and a 200 day moving average of $76.95. Tractor Supply Company has a 52 week low of $61.50 and a 52 week high of $97.25. The company has a market capitalization of $10.04 billion, a price-to-earnings ratio of 24.27 and a beta of 1.30.

Several analysts recently commented on the company. Zacks Investment Research upgraded Tractor Supply Company from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Tuesday. Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of Tractor Supply Company in a report on Friday, January 13th. Wedbush upgraded Tractor Supply Company from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $65.00 to $85.00 in a report on Friday, January 13th. Loop Capital assumed coverage on Tractor Supply Company in a report on Wednesday, January 4th. They set a “hold” rating and a $79.00 price target on the stock. Finally, Deutsche Bank AG set a $72.00 price target on Tractor Supply Company and gave the stock a “hold” rating in a report on Friday, December 23rd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $86.67.

In other Tractor Supply Company news, CFO Anthony F. Crudele sold 30,000 shares of the business’s stock in a transaction on Monday, December 12th. The stock was sold at an average price of $76.40, for a total value of $2,292,000.00. Following the sale, the chief financial officer now directly owns 85,366 shares of the company’s stock, valued at $6,521,962.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark J. Weikel bought 1,000 shares of the company’s stock in a transaction on Thursday, November 3rd. The stock was bought at an average cost of $66.14 per share, for a total transaction of $66,140.00. Following the completion of the acquisition, the director now directly owns 5,627 shares of the company’s stock, valued at approximately $372,169.78. The disclosure for this purchase can be found here. 1.00% of the stock is owned by company insiders.

About Tractor Supply Company

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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