November 28, 2016 - By Vivian Park · 0 Comments
Fastenal Co (NASDAQ:FAST) institutional sentiment decreased to 1.03 in 2016 Q2. Its down -0.26, from 1.29 in 2016Q1. The ratio turned negative, as 277 investment managers increased or started new holdings, while 215 sold and decreased stock positions in Fastenal Co. The investment managers in our partner’s database now have: 231.91 million shares, down from 252.08 million shares in 2016Q1. Also, the number of investment managers holding Fastenal Co in their top 10 holdings decreased from 19 to 14 for a decrease of 5. Sold All: 49 Reduced: 166 Increased: 220 New Position: 57.
Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. The company has a market cap of $13.44 billion. The Firm distributes these supplies through a network of approximately 2,600 Company-owned stores. It has a 27.02 P/E ratio. The Firm sells industrial and construction supplies to end users , and also has a walk-in retail business.
The stock increased 0.28% or $0.13 on November 25, hitting $46.37. Fastenal Company (NASDAQ:FAST) has risen 1.69% since April 25, 2016 and is uptrending. It has underperformed by 4.33% the S&P500.
Analysts await Fastenal Company (NASDAQ:FAST) to report earnings on January, 20. They expect $0.38 EPS, down 2.56% or $0.01 from last year’s $0.39 per share. FAST’s profit will be $110.14M for 30.51 P/E if the $0.38 EPS becomes a reality. After $0.44 actual EPS reported by Fastenal Company for the previous quarter, Wall Street now forecasts -13.64% negative EPS growth.
According to Zacks Investment Research, “Fastenal Company sells industrial and construction supplies grouped into eleven product lines. The traditional FastenalÂ® product line consists of threaded fasteners and other miscellaneous supplies. The Company also sells, in its other ten product lines, tools, metal cutting tool blades and blade resharpening services, fluid transfer components and accessories for hydraulic and pneumatic power, material handling and storage products, janitorial and paper products, electrical supplies, welding supplies, safety supplies, and raw materials.”
Capital Wealth Planning Llc holds 25.26% of its portfolio in Fastenal Company for 740,000 shares. Investmentaktiengesellschaft Fuer Langfristige Investoren Tgv owns 815,000 shares or 9.69% of their US portfolio. Moreover, Mcdonald Capital Investors Inc Ca has 9.65% invested in the company for 2.13 million shares. The California-based Route One Investment Company L.P. has invested 9.19% in the stock. Bares Capital Management Inc., a Texas-based fund reported 2.16 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 2 insider purchases, and 0 sales for $51,774 net activity.
Ratings analysis reveals 0 of Fastenal’s analysts are positive. Out of 11 Wall Street analysts rating Fastenal, 0 give it “Buy”, 0 “Sell” rating, while 11 recommend “Hold”. The lowest target is $27 while the high is $57. The stock’s average target of $45.78 is -1.27% below today’s ($46.37) share price. FAST was included in 25 notes of analysts from July 21, 2015. The rating was maintained by Credit Suisse on Wednesday, October 14 with “Neutral”. Argus Research downgraded the stock to “Hold” rating in Friday, October 14 report. The stock of Fastenal Company (NASDAQ:FAST) earned “Neutral” rating by Macquarie Research on Friday, August 26. Argus Research initiated the stock with “Buy” rating in Tuesday, March 8 report. The firm has “Buy” rating given on Thursday, March 17 by Stifel Nicolaus. The company was maintained on Thursday, August 27 by Susquehanna. The stock of Fastenal Company (NASDAQ:FAST) earned “Market Perform” rating by Avondale on Thursday, April 7. The firm has “Hold” rating by William Blair given on Tuesday, August 25. The rating was initiated by BMO Capital Markets on Tuesday, April 5 with “Market Perform”. As per Tuesday, March 22, the company rating was initiated by Sterne Agee CRT.
Fastenal Company, incorporated on December 24, 1968, is engaged in wholesale distribution of industrial and construction supplies. The Firm distributes these supplies through a network of approximately 2,600 Company-owned stores. The Firm sells industrial and construction supplies to end users (business-to-business), and also has a walk-in retail business. The Firm operates approximately 10 distribution centers in North America. The Company’s clients are in the manufacturing and non-residential construction markets. The manufacturing market includes both original equipment manufacturers (OEM), and maintenance and repair activities (MRO). The non-residential construction market includes general, electrical, plumbing, sheet metal and road contractors. Other users of its products include farmers, truckers, railroads, mining companies, schools and certain retail trades.
Another recent and important Fastenal Company (NASDAQ:FAST) news was published by Nasdaq.com which published an article titled: “Fastenal Drives Vending Process, Margins Remain a Concern” on November 28, 2016.
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By Vivian Park