Wedgewood Partners INC Has Cut Its Tractor Supply Comp (TSCO) Position by $50.70 Million

April 16, 2018 - By Winifred Garcia

Tractor Supply Company (NASDAQ:TSCO) LogoInvestors sentiment decreased to 0.89 in Q4 2017. Its down 0.14, from 1.03 in 2017Q3. It worsened, as 46 investors sold TSCO shares while 182 reduced holdings. 75 funds opened positions while 128 raised stakes. 98.98 million shares or 9.59% less from 109.48 million shares in 2017Q3 were reported. Cim Investment Mangement Inc reported 10,419 shares. State Bank Of Ny Mellon Corp has invested 0.12% in Tractor Supply Company (NASDAQ:TSCO). Da Davidson And holds 0.02% or 13,633 shares. Retirement Systems Of Alabama reported 60,851 shares or 0.02% of all its holdings. Shell Asset Management has invested 0.06% in Tractor Supply Company (NASDAQ:TSCO). Ariel Investments Limited Co invested in 0.08% or 93,836 shares. Gamco Incorporated Et Al stated it has 105,800 shares or 0.05% of all its holdings. Amundi Pioneer Asset Incorporated has invested 0.21% in Tractor Supply Company (NASDAQ:TSCO). Liberty Cap Inc, Michigan-based fund reported 4,825 shares. Smithfield Trust Communications accumulated 1,419 shares or 0.01% of the stock. Symons Mngmt holds 2.77% in Tractor Supply Company (NASDAQ:TSCO) or 130,236 shares. Aperio Ltd Llc stated it has 139,602 shares or 0.05% of all its holdings. Cetera Advsr Ltd Llc has invested 0.03% in Tractor Supply Company (NASDAQ:TSCO). Barclays Public Limited Com invested 0.02% of its portfolio in Tractor Supply Company (NASDAQ:TSCO). Jefferies Ltd Liability Com has 2,946 shares for 0% of their portfolio.

Since December 18, 2017, it had 0 insider purchases, and 2 insider sales for $3.04 million activity. 43,076 shares valued at $2.97M were sold by Barbarick Steve K on Monday, December 18.

Wedgewood Partners Inc decreased its stake in Tractor Supply Comp (TSCO) by 24.76% based on its latest 2017Q4 regulatory filing with the SEC. Wedgewood Partners Inc sold 685,119 shares as the company’s stock declined 20.19% with the market. The institutional investor held 2.08M shares of the building materials company at the end of 2017Q4, valued at $155.66 million, down from 2.77M at the end of the previous reported quarter. Wedgewood Partners Inc who had been investing in Tractor Supply Comp for a number of months, seems to be less bullish one the $7.43 billion market cap company. The stock increased 2.79% or $1.63 during the last trading session, reaching $59.95. About 1.07 million shares traded. Tractor Supply Company (NASDAQ:TSCO) has declined 13.12% since April 16, 2017 and is downtrending. It has underperformed by 24.67% the S&P500.

Wedgewood Partners Inc, which manages about $5.30 billion and $2.47 billion US Long portfolio, upped its stake in Celgene Corp (NASDAQ:CELG) by 285,542 shares to 962,318 shares, valued at $100.43 million in 2017Q4, according to the filing.

Analysts await Tractor Supply Company (NASDAQ:TSCO) to report earnings on April, 25. They expect $0.58 EPS, up 26.09 % or $0.12 from last year’s $0.46 per share. TSCO’s profit will be $71.84 million for 25.84 P/E if the $0.58 EPS becomes a reality. After $0.91 actual EPS reported by Tractor Supply Company for the previous quarter, Wall Street now forecasts -36.26 % negative EPS growth.

Tractor Supply Company (NASDAQ:TSCO) Ratings Coverage

Among 18 analysts covering Tractor Supply (NASDAQ:TSCO), 4 have Buy rating, 1 Sell and 13 Hold. Therefore 22% are positive. Tractor Supply had 27 analyst reports since October 25, 2017 according to SRatingsIntel. The stock has “Neutral” rating by PiperJaffray on Friday, February 2. The firm has “Hold” rating by Wedbush given on Thursday, January 11. The firm has “Buy” rating by Northcoast given on Tuesday, January 2. Deutsche Bank maintained Tractor Supply Company (NASDAQ:TSCO) rating on Thursday, October 26. Deutsche Bank has “Hold” rating and $51 target. Stephens maintained Tractor Supply Company (NASDAQ:TSCO) rating on Tuesday, January 16. Stephens has “Hold” rating and $79.0 target. On Thursday, October 26 the stock rating was maintained by Credit Suisse with “Neutral”. The stock of Tractor Supply Company (NASDAQ:TSCO) earned “Buy” rating by Robert W. Baird on Thursday, October 26. The firm earned “Hold” rating on Wednesday, February 21 by Wedbush. The rating was maintained by Robert W. Baird with “Buy” on Tuesday, January 16. The firm has “Hold” rating by BMO Capital Markets given on Thursday, February 1.

Tractor Supply Company (NASDAQ:TSCO) Institutional Positions Chart

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