Caisse DE Depot ET Placement DU Quebec Has $19.30 Million Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Tractor Supply (NASDAQ:TSCO) by 71.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,347 shares of the specialty retailer’s stock after purchasing an additional 27,600 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.06% of Tractor Supply worth $19,302,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TSCO. Assenagon Asset Management S.A. lifted its holdings in shares of Tractor Supply by 527.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 26,501 shares of the specialty retailer’s stock valued at $7,155,000 after buying an additional 22,279 shares during the last quarter. Ballentine Partners LLC raised its position in Tractor Supply by 2.1% during the second quarter. Ballentine Partners LLC now owns 4,504 shares of the specialty retailer’s stock valued at $1,216,000 after acquiring an additional 93 shares in the last quarter. Silvant Capital Management LLC lifted its stake in Tractor Supply by 20.9% in the third quarter. Silvant Capital Management LLC now owns 14,781 shares of the specialty retailer’s stock valued at $4,300,000 after acquiring an additional 2,556 shares during the last quarter. Blueshift Asset Management LLC grew its position in Tractor Supply by 32.7% in the third quarter. Blueshift Asset Management LLC now owns 9,945 shares of the specialty retailer’s stock worth $2,893,000 after acquiring an additional 2,452 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Tractor Supply by 199.0% during the 1st quarter. Cetera Investment Advisers now owns 35,771 shares of the specialty retailer’s stock worth $9,362,000 after purchasing an additional 23,806 shares during the last quarter. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Up 0.6 %

TSCO opened at $283.67 on Monday. The company has a market capitalization of $30.31 billion, a P/E ratio of 27.59, a P/E/G ratio of 3.56 and a beta of 0.82. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 0.17. The firm’s fifty day moving average price is $284.77 and its two-hundred day moving average price is $275.92. Tractor Supply has a fifty-two week low of $197.91 and a fifty-two week high of $307.64.

Tractor Supply Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be paid a $1.10 dividend. The ex-dividend date is Monday, November 25th. This represents a $4.40 dividend on an annualized basis and a yield of 1.55%. Tractor Supply’s payout ratio is currently 42.80%.

Analyst Ratings Changes

A number of brokerages recently issued reports on TSCO. Mizuho upped their price objective 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. Raymond James boosted their price target on Tractor Supply from $285.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Truist Financial lowered their price objective on Tractor Supply from $325.00 to $317.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Wells Fargo & Company reduced their target price on Tractor Supply from $325.00 to $320.00 and set an “overweight” rating for the company in a report on Monday, November 25th. Finally, Robert W. Baird set a $320.00 target price on Tractor Supply in a research report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Tractor Supply presently has an average rating of “Moderate Buy” and an average target price of $282.59.

Insider Buying and Selling

In other news, CFO Kurt D. Barton sold 23,532 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was 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 in the company, valued at approximately $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 accessible through this link. Company insiders own 0.24% of the company’s stock.

About Tractor Supply

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.