Tejon Ranch Co (TRC) Holdings Increased by State Street Corp

State Street Corp raised its position in shares of Tejon Ranch Co (NYSE:TRC) by 3.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 259,513 shares of the real estate development and agribusiness company’s stock after purchasing an additional 7,992 shares during the quarter. State Street Corp owned 1.24% of Tejon Ranch worth $5,358,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TRC. Wells Fargo & Company MN increased its stake in shares of Tejon Ranch by 2.0% in the second quarter. Wells Fargo & Company MN now owns 9,777 shares of the real estate development and agribusiness company’s stock worth $201,000 after acquiring an additional 189 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Tejon Ranch by 1.0% in the second quarter. Rhumbline Advisers now owns 20,665 shares of the real estate development and agribusiness company’s stock worth $427,000 after acquiring an additional 205 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Tejon Ranch by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 53,653 shares of the real estate development and agribusiness company’s stock worth $1,108,000 after purchasing an additional 342 shares in the last quarter. Nationwide Fund Advisors boosted its holdings in Tejon Ranch by 5.6% in the second quarter. Nationwide Fund Advisors now owns 9,662 shares of the real estate development and agribusiness company’s stock worth $199,000 after purchasing an additional 516 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Tejon Ranch by 19.1% in the second quarter. JPMorgan Chase & Co. now owns 8,965 shares of the real estate development and agribusiness company’s stock worth $185,000 after purchasing an additional 1,436 shares in the last quarter. 60.54% of the stock is currently owned by institutional investors.

Shares of Tejon Ranch Co (NYSE:TRC) traded down $0.05 during trading hours on Tuesday, reaching $22.02. 105,800 shares of the company were exchanged, compared to its average volume of 69,431. Tejon Ranch Co has a 12-month low of $18.59 and a 12-month high of $27.99. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.31 and a quick ratio of 1.13.

In other Tejon Ranch news, insider Allen E. Lyda acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was purchased at an average cost of $18.00 per share, for a total transaction of $90,000.00. Following the completion of the acquisition, the insider now owns 104,977 shares of the company’s stock, valued at approximately $1,889,586. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Geoffrey L. Stack purchased 5,555 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were purchased at an average price of $18.00 per share, with a total value of $99,990.00. The disclosure for this purchase can be found here. Insiders purchased 1,113,601 shares of company stock valued at $20,044,818 over the last quarter. 29.40% of the stock is currently owned by corporate insiders.

TRC has been the subject of a number of recent research reports. BidaskClub cut shares of Tejon Ranch from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. TheStreet upgraded shares of Tejon Ranch from a “d+” rating to a “c-” rating in a report on Friday, November 24th.

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Tejon Ranch Profile

Tejon Ranch Co is a diversified real estate development and agribusiness company. The Company operates through five segments: Real Estate-Commercial/Industrial; Real Estate-Resort/Residential; Mineral Resources; Farming Operations, and Ranch Operations. Its Real Estate-Commercial/Industrial segment is engaged in building, land lease activities, and land and building sales.

Institutional Ownership by Quarter for Tejon Ranch (NYSE:TRC)

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