Commerzbank Aktiengesellschaft FI raised its stake in shares of Tractor Supply (NASDAQ:TSCO) by 305.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,750 shares of the specialty retailer’s stock after buying an additional 19,401 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Tractor Supply were worth $1,630,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the business. Comerica Securities Inc. grew its holdings in Tractor Supply by 67.4% during the second quarter. Comerica Securities Inc. now owns 5,596 shares of the specialty retailer’s stock valued at $303,000 after purchasing an additional 2,254 shares during the period. Strs Ohio lifted its position in shares of Tractor Supply by 248.4% in the third quarter. Strs Ohio now owns 5,818 shares of the specialty retailer’s stock worth $368,000 after buying an additional 4,148 shares in the last quarter. Andra AP fonden lifted its position in shares of Tractor Supply by 88.8% in the second quarter. Andra AP fonden now owns 18,500 shares of the specialty retailer’s stock worth $1,003,000 after buying an additional 8,700 shares in the last quarter. Tandem Investment Advisors Inc. lifted its position in shares of Tractor Supply by 8.8% in the second quarter. Tandem Investment Advisors Inc. now owns 90,437 shares of the specialty retailer’s stock worth $4,903,000 after buying an additional 7,347 shares in the last quarter. Finally, Achmea Investment Management B.V. increased its stake in Tractor Supply by 58.3% during the second quarter. Achmea Investment Management B.V. now owns 12,891 shares of the specialty retailer’s stock worth $697,000 after acquiring an additional 4,748 shares during the last quarter. 92.33% of the stock is owned by institutional investors and hedge funds.
Shares of Tractor Supply (TSCO) traded down $0.33 during mid-day trading on Friday, hitting $74.75. 731,004 shares of the company were exchanged, compared to its average volume of 2,049,532. Tractor Supply has a 12-month low of $49.87 and a 12-month high of $78.25. The firm has a market capitalization of $9,427.38, a P/E ratio of 22.18, a P/E/G ratio of 1.63 and a beta of 1.32. The company has a current ratio of 2.00, a quick ratio of 0.17 and a debt-to-equity ratio of 0.38.
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Monday, November 20th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, November 17th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.44%. Tractor Supply’s dividend payout ratio (DPR) is 32.05%.
In other news, CMO Steve K. Barbarick sold 43,076 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $69.03, for a total transaction of $2,973,536.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.
Several equities research analysts have weighed in on TSCO shares. Oppenheimer reissued a “hold” rating on shares of Tractor Supply in a research note on Thursday, October 26th. Credit Suisse Group set a $52.00 price objective on Tractor Supply and gave the stock a “hold” rating in a research note on Thursday, October 26th. Wolfe Research upgraded Tractor Supply from a “market perform” rating to an “outperform” rating in a report on Wednesday, December 20th. BMO Capital Markets reiterated a “hold” rating and set a $61.00 price objective on shares of Tractor Supply in a report on Thursday, November 2nd. Finally, Zacks Investment Research upgraded Tractor Supply from a “strong sell” rating to a “hold” rating in a research note on Friday, October 27th. Fifteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $67.10.
Tractor Supply Profile
Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.
Receive News & Ratings for Tractor Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply and related companies with MarketBeat.com's FREE daily email newsletter.