Trexquant Investment LP Reduces Position in Toro Company (The) $TTC

Key Points

• Trexquant Investment LP significantly reduced its stake in Toro Company ($TTC), selling 225,168 shares and decreasing its holdings by 98.2%, now owning only 4,171 shares valued at approximately $303,000.
• Insider activity saw VP Kurt D. Svendsen selling 6,000 shares at an average price of $70.99, representing a 34% decline in his ownership.
• The company recently reported $1.24 EPS for the quarter, beating analysts' expectations, despite a 2.2% year-over-year revenue decline to $1.13 billion.

Trexquant Investment LP trimmed its holdings in Toro Company (The) (NYSE:TTC - Free Report) by 98.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,171 shares of the company's stock after selling 225,168 shares during the period. Trexquant Investment LP's holdings in Toro were worth $303,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its position in shares of Toro by 7.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 535,787 shares of the company's stock valued at $38,882,000 after acquiring an additional 37,405 shares in the last quarter. M&T Bank Corp lifted its position in shares of Toro by 11.2% in the first quarter. M&T Bank Corp now owns 10,915 shares of the company's stock valued at $794,000 after acquiring an additional 1,098 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Toro by 87.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 45,449 shares of the company's stock valued at $3,306,000 after acquiring an additional 21,214 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Toro by 1.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,199 shares of the company's stock valued at $1,033,000 after acquiring an additional 173 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Toro by 65.4% in the first quarter. Robeco Institutional Asset Management B.V. now owns 12,674 shares of the company's stock valued at $922,000 after acquiring an additional 5,012 shares in the last quarter. 87.95% of the stock is currently owned by hedge funds and other institutional investors.

Toro Trading Up 0.3%

NYSE TTC traded up $0.25 during trading hours on Monday, hitting $79.53. 549,883 shares of the company were exchanged, compared to its average volume of 846,344. The stock has a 50-day moving average price of $76.81 and a 200 day moving average price of $73.51. The company has a quick ratio of 0.79, a current ratio of 1.88 and a debt-to-equity ratio of 0.72. Toro Company has a 52 week low of $62.34 and a 52 week high of $89.50. The stock has a market cap of $7.78 billion, a PE ratio of 24.10 and a beta of 0.80.

Toro (NYSE:TTC - Get Free Report) last issued its quarterly earnings data on Thursday, September 4th. The company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.02. Toro had a return on equity of 28.98% and a net margin of 7.37%.The company had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.16 billion. During the same period in the previous year, the firm posted $1.18 earnings per share. The firm's revenue for the quarter was down 2.2% on a year-over-year basis. Toro has set its FY 2025 guidance at 4.150-4.150 EPS. Analysts forecast that Toro Company will post 4.41 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Toro news, VP Kurt D. Svendsen sold 6,000 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $70.99, for a total transaction of $425,940.00. Following the sale, the vice president directly owned 11,646 shares of the company's stock, valued at $826,749.54. The trade was a 34.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.39% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. DA Davidson boosted their price objective on Toro from $93.00 to $97.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Robert W. Baird lifted their target price on Toro from $82.00 to $86.00 and gave the stock a "neutral" rating in a report on Friday, September 5th. Northland Securities lifted their target price on Toro from $80.00 to $90.00 and gave the stock a "market perform" rating in a report on Tuesday, September 9th. Northland Capmk cut Toro from a "strong-buy" rating to a "hold" rating in a report on Friday, June 6th. Finally, Longbow Research raised Toro from a "neutral" rating to a "buy" rating and set a $100.00 target price on the stock in a report on Monday, August 25th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $92.60.

Toro Profile

The Toro Company designs, manufactures, markets, and sells professional turf maintenance equipment and services. It operates through two segments: Professional and Residential. The Professional segment offers turf and landscape equipment products, including sports fields and grounds mowing and maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, and other maintenance equipment; rental, specialty, and underground construction equipment, such as horizontal directional drills, walk and ride trenchers, stand-on skid steers, vacuum excavators, stump grinders, turf renovation products, asset locators, pipe rehabilitation solutions, materials handling equipment, and other after-market tools; and snow and ice management equipment, such as snowplows, as well as stand-on snow and ice removal equipment, such as snowplow, snow brush, and snow thrower attachments, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders.