Provident Investment Management INC Has Cut Position in Tractor Supply Co (TSCO) by $11.81 Million as Stock Value Rose

September 8, 2018 - By Margaret Guttierez

Tractor Supply Company (NASDAQ:TSCO) LogoInvestors sentiment decreased to 0.88 in Q1 2018. Its down 0.01, from 0.89 in 2017Q4. It worsened, as 51 investors sold TSCO shares while 177 reduced holdings. 74 funds opened positions while 127 raised stakes. 96.81 million shares or 2.20% less from 98.98 million shares in 2017Q4 were reported. Guardian Life Insur Of America stated it has 289 shares or 0% of all its holdings. Stone Ridge Asset Ltd Com holds 0.16% in Tractor Supply Company (NASDAQ:TSCO) or 44,138 shares. Cwm Ltd owns 454,787 shares. Old Mutual Customised Solutions (Proprietary) Ltd owns 6,200 shares. Copeland Capital accumulated 135,677 shares. Wg Shaheen Associate Dba Whitney Company accumulated 25 shares. State Teachers Retirement Systems owns 206,945 shares or 0.03% of their US portfolio. Provident Investment Mgmt holds 1.54% of its portfolio in Tractor Supply Company (NASDAQ:TSCO) for 155,162 shares. Panagora Asset Mngmt owns 7,792 shares. Df Dent & invested in 20,866 shares. Sg Americas Lc holds 0.01% in Tractor Supply Company (NASDAQ:TSCO) or 18,781 shares. Moreover, Vanguard Group has 0.03% invested in Tractor Supply Company (NASDAQ:TSCO) for 12.51 million shares. 154,152 were reported by Public Employees Retirement Association Of Colorado. Sei Company invested 0.02% of its portfolio in Tractor Supply Company (NASDAQ:TSCO). Altavista Wealth Mgmt holds 1.33% of its portfolio in Tractor Supply Company (NASDAQ:TSCO) for 49,760 shares.

Since July 9, 2018, it had 0 insider purchases, and 5 sales for $3.86 million activity. The insider Barbarick Steve K sold $1.60M. Shares for $410,000 were sold by PARRISH BENJAMIN F JR.

Provident Investment Management Inc decreased its stake in Tractor Supply Co (TSCO) by 54.72% based on its latest 2018Q1 regulatory filing with the SEC. Provident Investment Management Inc sold 187,504 shares as the company’s stock rose 13.07% while stock markets declined. The institutional investor held 155,162 shares of the building materials company at the end of 2018Q1, valued at $9.78 million, down from 342,666 at the end of the previous reported quarter. Provident Investment Management Inc who had been investing in Tractor Supply Co for a number of months, seems to be less bullish one the $10.90B market cap company. The stock decreased 0.49% or $0.44 during the last trading session, reaching $89.47. About 1.64 million shares traded or 11.15% up from the average. Tractor Supply Company (NASDAQ:TSCO) has risen 34.87% since September 8, 2017 and is uptrending. It has outperformed by 22.30% the S&P500.

Provident Investment Management Inc, which manages about $417.42M and $633.37M US Long portfolio, upped its stake in Biogen Inc (NASDAQ:BIIB) by 15,874 shares to 82,830 shares, valued at $22.68 million in 2018Q1, according to the filing.

Analysts await Tractor Supply Company (NASDAQ:TSCO) to report earnings on October, 24. They expect $0.86 earnings per share, up 19.44 % or $0.14 from last year’s $0.72 per share. TSCO’s profit will be $104.75M for 26.01 P/E if the $0.86 EPS becomes a reality. After $1.69 actual earnings per share reported by Tractor Supply Company for the previous quarter, Wall Street now forecasts -49.11 % negative EPS growth.

More important recent Tractor Supply Company (NASDAQ:TSCO) news were published by: Globenewswire.com which released: “Tractor Supply Company Donates $50000 to PEDIGREE Foundation” on August 28, 2018, also Globenewswire.com published article titled: “Tractor Supply Company Declares Quarterly Dividend”, Seekingalpha.com published: “Tractor Supply: Here We Go Again” on September 06, 2018. More interesting news about Tractor Supply Company (NASDAQ:TSCO) was released by: Globenewswire.com and their article: “Tractor Supply Company Announces Key Management Promotions” with publication date: August 13, 2018.

Tractor Supply Company (NASDAQ:TSCO) Ratings Coverage

Among 14 analysts covering Tractor Supply (NASDAQ:TSCO), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. Tractor Supply had 21 analyst reports since April 9, 2018 according to SRatingsIntel. The firm has “Neutral” rating given on Friday, July 27 by Wedbush. As per Monday, April 9, the company rating was maintained by Wedbush. The rating was maintained by RBC Capital Markets with “Hold” on Tuesday, April 24. The rating was maintained by Piper Jaffray with “Buy” on Tuesday, May 22. Oppenheimer upgraded it to “Buy” rating and $8000 target in Friday, April 27 report. Robert W. Baird maintained Tractor Supply Company (NASDAQ:TSCO) rating on Monday, July 16. Robert W. Baird has “Outperform” rating and $90 target. Telsey Advisory maintained Tractor Supply Company (NASDAQ:TSCO) on Monday, April 23 with “Hold” rating. The company was maintained on Friday, July 27 by PiperJaffray. The firm has “Overweight” rating given on Friday, April 20 by PiperJaffray. On Tuesday, April 17 the stock rating was maintained by Stephens with “Hold”.

Tractor Supply Company (NASDAQ:TSCO) Institutional Positions Chart

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