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

Caisse DE Depot ET Placement DU Quebec grew its position in Tractor Supply (NASDAQ:TSCO) by 71.2% in the third quarter, HoldingsChannel.com reports. The fund owned 66,347 shares of the specialty retailer’s stock after buying an additional 27,600 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Tractor Supply were worth $19,302,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of TSCO. Cetera Investment Advisers raised its position in Tractor Supply by 199.0% in the 1st quarter. Cetera Investment Advisers now owns 35,771 shares of the specialty retailer’s stock valued at $9,362,000 after purchasing an additional 23,806 shares during the last quarter. Cetera Advisors LLC lifted its position in Tractor Supply by 37.3% during the 1st quarter. Cetera Advisors LLC now owns 10,729 shares of the specialty retailer’s stock worth $2,808,000 after buying an additional 2,916 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Tractor Supply by 12.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 917 shares of the specialty retailer’s stock worth $250,000 after acquiring an additional 105 shares during the last quarter. GAMMA Investing LLC increased its position in Tractor Supply by 81.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,096 shares of the specialty retailer’s stock valued at $566,000 after acquiring an additional 938 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of Tractor Supply by 6.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 780 shares of the specialty retailer’s stock worth $211,000 after acquiring an additional 50 shares during the last quarter. 98.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TSCO. Benchmark raised their price target on shares of Tractor Supply from $280.00 to $310.00 and gave the company a “buy” rating in a report on Monday, October 28th. Barclays lifted their target price on Tractor Supply from $240.00 to $250.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. upped their price target on Tractor Supply from $260.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Telsey Advisory Group reiterated an “outperform” rating and issued a $335.00 price objective on shares of Tractor Supply in a research report on Thursday, October 24th. Finally, Wells Fargo & Company cut their target price on shares of Tractor Supply from $325.00 to $320.00 and set an “overweight” rating on the stock in a research report on Monday, November 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $282.59.

Tractor Supply Price Performance

Shares of NASDAQ TSCO opened at $283.67 on Monday. The company has a fifty day moving average price of $284.77 and a 200 day moving average price of $275.92. Tractor Supply has a 1-year low of $197.91 and a 1-year high of $307.64. The firm has a market cap of $30.31 billion, a PE ratio of 27.59, a PEG ratio of 3.56 and a beta of 0.82. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81.

Tractor Supply Announces Dividend

The company also recently announced 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 1.55%. The ex-dividend date of this dividend is Monday, November 25th. Tractor Supply’s dividend payout ratio is presently 42.80%.

Insider Buying and Selling at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction on 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 in the company, valued at approximately $2,862,682.12. The trade was a 70.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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.