Economy

Fastenal (FAST) Stock Rating Reaffirmed by Robert W. Baird

Fastenal (FAST) Stock Rating Reaffirmed by Robert W. Baird

The stock had previously closed at $55.44. About 499,970 shares traded. Albert D Mason Inc reported 8,280 shares or 0.3% of all its holdings. FAST's profit would be $129.33 million giving it 30.88 P/E if the $0.45 EPS is correct. During the same quarter in the previous year, the company posted $0.40 earnings per share. Confluence Investment Management LLC now owns 1,153,843 shares of the company's stock worth $51,219,000 after buying an additional 112,215 shares in the last quarter. Fastenal Company disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Executive Vice President Polipnick Gary A. has sold 2,634 shares of Fastenal Company (FAST) in trading session dated December 15, 2017.

Fastenal (NASDAQ:FAST) last announced its quarterly earnings data on Wednesday, January 17th. It has underperformed by 18.79% the S&P500. It offers fasteners, and other industrial and construction supplies primarily under the Fastenal name. Mcdonald Capital Investors Inc who had been investing in Fastenal Co for a number of months, seems to be bullish on the $15.01 billion market cap company. It has a 26 P/E ratio. The companyÂ's fastener products include threaded fasteners, such as bolts, nuts, screws, studs, and related washers, which are used in manufactured products and building projects, as well as in the maintenance and fix of machines and structures. Zacks Investment Research downgraded shares of Fastenal from a "buy" rating to a "hold" rating in a research report on Tuesday. Therefore 53% are positive. The stock was trading at a distance of -0.17% from its 52-week highs and stands 40.29% away from its 52-week lows. $52.69's average target is 0.94% above currents $52.2 stock price. As per Friday, June 17, the company rating was reinitiated by Credit Suisse. The firm earned "Hold" rating on Monday, August 21 by BMO Capital Markets. Macquarie Research has "Neutral" rating and $50 target. On Monday, September 11 the stock rating was maintained by Jefferies with "Hold". The firm earned "Neutral" rating on Friday, June 17 by Credit Suisse. Liberum Capital maintained it with "Buy" rating and GBX 1900 target in Wednesday, February 8 report. Susquehanna maintained Fastenal Company (NASDAQ:FAST) on Thursday, August 27 with "Neutral" rating.

Since August 15, 2017, it had 0 insider buys, and 3 sales for $956,223 activity. The shares were sold at an average price of $53.45, for a total value of $140,787.30. Also, insider Gary A. Polipnick sold 2,634 shares of the stock in a transaction that occurred on Friday, December 15th.

Investors sentiment increased to 5 in 2017 Q3. Its down 0.12, from 1.13 in 2017Q2. Finally, QS Investors LLC lifted its position in shares of Fastenal by 1.6% during the second quarter. 62 funds opened positions while 213 raised stakes. About 5.03 million shares traded or 135.88% up from the average. (NASDAQ:CME). Cincinnati Financial Corp holds 975,000 shares. It is negative, as 16 investors sold NYT shares while 47 reduced holdings.

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Beacon Financial Group decreased its stake in shares of Fastenal (NASDAQ:FAST) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. Tiedemann Wealth Management Limited Company reported 41,617 shares stake. Cable Hill Partners LLC bought a new position in Fastenal in the third quarter worth approximately $126,000. Intersect Lc owns 0.18% invested in Fastenal Company (NASDAQ:FAST) for 7,071 shares. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Fastenal during the third quarter worth $114,000. Orleans Capital Mgmt Corporation La holds 0.57% or 16,732 shares. However, the institutional investors are observed to own 88.00% of the total shares. The firm's revenue was up 14.8% compared to the same quarter past year. Dean Invest Ltd Liability stated it has 0.2% of its portfolio in Fastenal Company (NASDAQ:FAST). Bradley Foster & Sargent Ct invested in 28,386 shares or 0.15% of the stock. Raffles Associates Lp stated it has 0.23% in Rand Capital Corporation (NASDAQ:RAND).

Investors sentiment decreased to 1.01 in Q3 2017. Its up 0.08, from 0.84 in 2017Q2. 56 funds opened positions while 220 raised stakes. Tompkins Fincl has invested 0.01% in Fastenal Company (NASDAQ:FAST). Tarbox Family Office Inc holds 0% or 80 shares in its portfolio. Etrade Capital Management Ltd Liability Co has 0.03% invested in Lear Corporation (NYSE:LEA). 109.39 million shares or 0.14% more from 109.24 million shares in 2017Q2 were reported. Ariel Invs Lc reported 0% stake. Orleans La owns 16,732 shares or 0.57% of their United States portfolio. Ironwood Counsel Limited Liability Company reported 26,711 shares. Bnp Paribas Arbitrage Sa, a New York-based fund reported 57,335 shares. California State Teachers Retirement holds 0.04% or 115,050 shares. (NYSE:MTW) for 150,459 shares. Public Employees Retirement Association Of Colorado owns 12,497 shares. Cantab Capital Prns Llp stated it has 0.06% of its portfolio in The Manitowoc Company, Inc.

Among 4 analysts covering New York Times (NYSE:NYT), 1 have Buy rating, 1 Sell and 2 Hold. Therefore 100% are positive. They now have a $61.00 price objective on the stock, up from their prior price objective of $52.00. Lear Corporation had 64 analyst reports since July 27, 2015 according to SRatingsIntel.

10/2/2017-Morgan Stanley Reiterated Rating of Equal Weight. Deutsche Bank has "Hold" rating and $176 target. Proshare Advsr Limited Com has invested 0.05% in Fastenal Company (NASDAQ:FAST). The rating was upgraded by Avondale on Thursday, January 12 to "Mkt Outperform". Stifel Nicolaus maintained the stock with "Buy" rating in Wednesday, October 14 report. Sterne Agee CRT initiated the stock with "Neutral" rating in Tuesday, March 22 report. The firm has "Buy" rating by UBS given on Tuesday, August 18. Another trade for 31,500 shares valued at $4.89 million was made by EBERTS F SAMUEL III on Friday, August 25. Eii Cap Mngmt Inc has 0.26% invested in CLS Holdings plc (LON:CLI). Agco Corp (NYSE:AGCO) was reduced too. CLS Holdings plc (LON:CLI) has 0.00% since January 18, 2017 and is. $494,841 worth of stock was sold by FOSTER JONATHAN F on Tuesday, September 26. Shares for $486,338 were sold by Williams R Sanders on Friday, August 11. Candriam Luxembourg S.C.A. now owns 33,945 shares of the company's stock worth $1,507,000 after buying an additional 408 shares in the last quarter.


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