Tractor Supply Co (TSCO) Shareholder Wedgewood Partners Has Boosted Its Holding by $19.26 Million; Holder Hcsf Management Has Lifted Mcgrath Rentcorp (MGRC) Position

December 7, 2017 - By Hazel Jackson

Wedgewood Partners Inc increased its stake in Tractor Supply Co (TSCO) by 16.21% based on its latest 2017Q2 regulatory filing with the SEC. Wedgewood Partners Inc bought 356,633 shares as the company’s stock declined 20.24% while stock markets rallied. The institutional investor held 2.56 million shares of the building materials company at the end of 2017Q2, valued at $138.59 million, up from 2.20 million at the end of the previous reported quarter. Wedgewood Partners Inc who had been investing in Tractor Supply Co for a number of months, seems to be bullish on the $8.41 billion market cap company. The stock decreased 2.53% or $1.74 during the last trading session, reaching $67.01. About 1.51M shares traded. Tractor Supply Company (NASDAQ:TSCO) has declined 37.89% since December 7, 2016 and is downtrending. It has underperformed by 54.59% the S&P500.

Hcsf Management Llc increased its stake in Mcgrath Rentcorp (MGRC) by 36.94% based on its latest 2017Q2 regulatory filing with the SEC. Hcsf Management Llc bought 104,610 shares as the company’s stock declined 12.30% while stock markets rallied. The institutional investor held 387,830 shares of the diversified commercial services company at the end of 2017Q2, valued at $13.43M, up from 283,220 at the end of the previous reported quarter. Hcsf Management Llc who had been investing in Mcgrath Rentcorp for a number of months, seems to be bullish on the $1.13B market cap company. The stock increased 0.38% or $0.18 during the last trading session, reaching $47.07. About 89,005 shares traded or 21.93% up from the average. McGrath Rentcorp (NASDAQ:MGRC) has risen 25.54% since December 7, 2016 and is uptrending. It has outperformed by 8.84% the S&P500.




More recent Tractor Supply Company (NASDAQ:TSCO) news were published by: Globenewswire.com which released: “Tractor Supply Company to Participate in the Morgan Stanley 2017 Global …” on November 08, 2017. Also Dailyherald.com published the news titled: “Tax-sharing deal brings Tractor Supply Co. to Wauconda” on November 09, 2017. Fool.com‘s news article titled: “Tractor Supply Keeps on Creating Value for Shareholders” with publication date: November 14, 2017 was also an interesting one.

Investors sentiment decreased to 0.9 in Q2 2017. Its down 0.30, from 1.2 in 2017Q1. It is negative, as 85 investors sold TSCO shares while 163 reduced holdings. 60 funds opened positions while 163 raised stakes. 109.17 million shares or 0.16% more from 109.00 million shares in 2017Q1 were reported. Metropolitan Life New York holds 0.03% or 67,642 shares in its portfolio. Smith Thomas W has 1.61% invested in Tractor Supply Company (NASDAQ:TSCO). Tyvor Capital Ltd, Illinois-based fund reported 8,443 shares. Franklin Res reported 454,576 shares. Tokio Marine Asset Co Ltd has invested 0.07% of its portfolio in Tractor Supply Company (NASDAQ:TSCO). Rainier Investment Management Llc holds 45,740 shares or 0.49% of its portfolio. Highland Capital Mgmt Ltd Partnership holds 0.04% in Tractor Supply Company (NASDAQ:TSCO) or 18,450 shares. Fdx Advisors Incorporated holds 3,950 shares or 0.01% of its portfolio. Duncker Streett Co Inc holds 494 shares or 0.01% of its portfolio. Wcm Management Ca stated it has 529,971 shares. Geneva Advisors Lc holds 0.04% of its portfolio in Tractor Supply Company (NASDAQ:TSCO) for 43,710 shares. Salem Investment Counselors has invested 0% in Tractor Supply Company (NASDAQ:TSCO). Woodstock invested in 29,655 shares or 0.32% of the stock. State Treasurer State Of Michigan accumulated 42,252 shares. Moreover, Ingalls & Snyder Ltd Liability has 0.03% invested in Tractor Supply Company (NASDAQ:TSCO) for 10,338 shares.

Wedgewood Partners Inc, which manages about $5.30 billion and $3.27 billion US Long portfolio, decreased its stake in Visa (NYSE:V) by 639,178 shares to 2.23 million shares, valued at $208.92 million in 2017Q2, according to the filing. It also reduced its holding in Apple (NASDAQ:AAPL) by 496,924 shares in the quarter, leaving it with 1.72M shares, and cut its stake in Paypal Holdings.

Among 26 analysts covering Tractor Supply (NASDAQ:TSCO), 8 have Buy rating, 0 Sell and 18 Hold. Therefore 31% are positive. Tractor Supply had 59 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Tractor Supply Company (NASDAQ:TSCO) earned “Equal-Weight” rating by Morgan Stanley on Thursday, November 16. On Thursday, September 8 the stock rating was maintained by UBS with “Buy”. The rating was maintained by Goldman Sachs on Thursday, April 21 with “Neutral”. The stock of Tractor Supply Company (NASDAQ:TSCO) earned “Outperform” rating by RBC Capital Markets on Thursday, June 30. The firm earned “Hold” rating on Friday, September 29 by Piper Jaffray. The firm has “Buy” rating given on Thursday, April 21 by UBS. Telsey Advisory Group maintained Tractor Supply Company (NASDAQ:TSCO) rating on Thursday, October 20. Telsey Advisory Group has “Outperform” rating and $80 target. The rating was maintained by Robert W. Baird with “Buy” on Thursday, October 26. The firm has “Hold” rating given on Tuesday, September 26 by BMO Capital Markets. The stock of Tractor Supply Company (NASDAQ:TSCO) has “Outperform” rating given on Wednesday, January 13 by RBC Capital Markets.

Hcsf Management Llc, which manages about $138.24M US Long portfolio, decreased its stake in Innerworkings Inc (NASDAQ:INWK) by 139,871 shares to 2.14M shares, valued at $24.85 million in 2017Q2, according to the filing.

Among 3 analysts covering McGrath RentCorp (NASDAQ:MGRC), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. McGrath RentCorp had 4 analyst reports since November 4, 2015 according to SRatingsIntel. The rating was maintained by Sidoti on Wednesday, September 14 with “Buy”. The stock has “Sector Weight” rating by KeyBanc Capital Markets on Wednesday, November 4. The stock of McGrath Rentcorp (NASDAQ:MGRC) earned “Buy” rating by Sidoti on Friday, January 8. Oppenheimer maintained McGrath Rentcorp (NASDAQ:MGRC) on Thursday, August 3 with “Hold” rating.

More notable recent McGrath Rentcorp (NASDAQ:MGRC) news were published by: Globenewswire.com which released: “McGrath RentCorp Director Robert Hood to Retire, Bradley M. Shuster Elected to …” on July 31, 2017, also Globenewswire.com with their article: “McGrath RentCorp Declares Quarterly Dividend” published on April 04, 2017, Seekingalpha.com published: “McGrath RentCorp’s (MGRC) CEO Joseph Hanna on Q2 2017 Results – Earnings Call …” on August 03, 2017. More interesting news about McGrath Rentcorp (NASDAQ:MGRC) were released by: Seekingalpha.com and their article: “Chasing McGrath RentCorp” published on November 29, 2017 as well as Fool.com‘s news article titled: “Behind McGrath RentCorp’s Surprisingly Good Quarter” with publication date: November 01, 2017.

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