Robeco Institutional Asset Management B.V. Sells 29,003 Shares of Tractor Supply (NASDAQ:TSCO)

Robeco Institutional Asset Management B.V. lessened its stake in Tractor Supply (NASDAQ:TSCO - Free Report) by 68.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 13,385 shares of the specialty retailer's stock after selling 29,003 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Tractor Supply were worth $3,894,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Empirical Finance LLC increased its stake in Tractor Supply by 3.4% during the 1st quarter. Empirical Finance LLC now owns 4,039 shares of the specialty retailer's stock worth $1,057,000 after buying an additional 133 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in shares of Tractor Supply by 3.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 5,980 shares of the specialty retailer's stock worth $1,565,000 after buying an additional 188 shares during the period. PFG Advisors raised its holdings in Tractor Supply by 10.2% in the first quarter. PFG Advisors now owns 1,898 shares of the specialty retailer's stock valued at $497,000 after acquiring an additional 175 shares in the last quarter. TCI Wealth Advisors Inc. acquired a new stake in shares of Tractor Supply in the 1st quarter valued at $219,000. Finally, Significant Wealth Partners LLC lifted its stake in Tractor Supply by 7.1% during the first quarter. Significant Wealth Partners LLC now owns 3,463 shares of the specialty retailer's stock worth $906,000 after purchasing an additional 229 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Matthew L. Rubin sold 540 shares of the firm's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the completion of the sale, the senior vice president now directly owns 5,170 shares of the company's stock, valued at approximately $1,356,349.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, SVP Matthew L. Rubin sold 540 shares of the business's stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the transaction, the senior vice president now directly owns 5,170 shares of the company's stock, valued at $1,356,349.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kurt D. Barton sold 23,532 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the completion of the transaction, the chief financial officer now owns 9,683 shares in the company, valued at $2,862,682.12. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.

Tractor Supply Stock Performance

TSCO stock traded down $0.73 during midday trading on Friday, hitting $288.56. The company's stock had a trading volume of 1,201,907 shares, compared to its average volume of 1,060,391. Tractor Supply has a 1 year low of $193.60 and a 1 year high of $307.64. The stock has a market cap of $31.13 billion, a price-to-earnings ratio of 28.07, a PEG ratio of 3.62 and a beta of 0.82. The stock's 50-day moving average price is $283.49 and its 200 day moving average price is $274.88. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81.

Tractor Supply Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.52%. Tractor Supply's dividend payout ratio (DPR) is presently 42.80%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Citigroup downgraded Tractor Supply from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. lifted their price objective on Tractor Supply from $260.00 to $290.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 16th. DA Davidson upped their target price on shares of Tractor Supply from $300.00 to $325.00 and gave the company a "buy" rating in a report on Friday, October 25th. Melius Research began coverage on shares of Tractor Supply in a research report on Monday, September 23rd. They issued a "buy" rating and a $315.00 price objective for the company. Finally, Evercore ISI lowered shares of Tractor Supply from an "outperform" rating to an "in-line" rating and set a $300.00 target price on the stock. in a research report on Thursday, October 3rd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $282.82.

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.