August 20, 2018

Somewhat Favorable News Coverage Somewhat Unlikely to Impact Fastenal (FAST) Stock Price

14 January 2018, 01:56 | Elsie Buchanan

It has underperformed by 9.72% the S&P500.

Confluence Investment Management Llc increased its stake in Fastenal Co.

Crestpoint Capital Management Llc, which manages about $225.04M and $224.27 million US Long portfolio, upped its stake in Owens Corning (NYSE:OC) by 4,200 shares to 16,700 shares, valued at $1.29M in 2017Q3, according to the filing. The Carroll Financial Associates Inc holds 1,966 shares with $90,000 value, down from 11,748 last quarter. Loring Wolcott & Coolidge Fiduciary Advisors Llp who had been investing in Fastenal Co for a number of months, seems to be less bullish one the $15.98B market cap company.

The stock increased 1.21% or $0.97 during the last trading session, reaching $81.43. About 762,773 shares traded. Fastenal Company (NASDAQ:FAST) has declined 2.09% since January 11, 2017 and is downtrending. It has underperformed by 18.79% the S&P500. On Tuesday, August 15 DOLAN MICHAEL JOHN sold $344,080 worth of Fastenal Company (NASDAQ:FAST) or 8,000 shares. Westpac accumulated 17,310 shares. SNBR's profit would be $7.96 million giving it 47.21 P/E if the $0.20 EPS is correct. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company.

Ratings analysis reveals 53% of Fastenal's analysts are positive.

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The average Wall Street analyst rating for Fastenal Company is Strong Buy, according to the average of 12 analyst scores.

Fastenal (NASDAQ:FAST) last released its quarterly earnings data on Wednesday, October 11th. Stephens set a $54.00 price target on shares of Fastenal and gave the company a "buy" rating in a research note on Wednesday, October 11th. The firm has "Sector Weight" rating given on Tuesday, July 21 by KeyBanc Capital Markets. Finally, KeyCorp restated a "buy" rating and set a $52.00 price objective on shares of Fastenal in a report on Thursday, October 12th. Intersect Capital Lc has 0.18% invested in Fastenal Company (NASDAQ:FAST) for 7,071 shares. The firm has "Buy" rating given on Tuesday, January 19 by Stifel Nicolaus. BMO Capital Markets maintained the stock with "Hold" rating in Tuesday, July 11 report. Fastenal presently has a consensus rating of "Buy" and a consensus price target of $53.00.

Finally, QS Investors LLC boosted its position in shares of Fastenal by 1.6% during the 2nd quarter. Its down 0.14, from 1.19 in 2017Q2. It improved, as 50 investors sold FAST shares while 161 reduced holdings. 62 funds opened positions while 213 raised stakes. About 3.10 million shares traded or 35.93% up from the average. State Of Wisconsin Board invested 0.03% of its portfolio in Fastenal Company (NASDAQ:FAST). Neuberger Berman Group Ltd Company holds 0.03% or 5.27M shares in its portfolio.

Fastenal Company (NASDAQ:FAST) had an increase of 5.37% in short interest. Legal General Group Public Ltd Liability owns 813,664 shares for 0.06% of their portfolio. This is a positive change from Fastenal Company's previous quarterly dividend of $0.30. Norinchukin Bank & Trust The has 22,425 shares. Strs Ohio holds 0.03% or 153,681 shares in its portfolio. Global Endowment Mgmt Limited Partnership stated it has 9,260 shares. Fuller & Thaler Asset Management Inc. raised its stake in shares of Fastenal Company by 26.1% in the third quarter. Credit Agricole S A invested in 0.16% or 1.02M shares. Putnam Investments Limited Liability Company has 0% invested in Fastenal Company (NASDAQ:FAST). Parkside State Bank And Trust has invested 0% of its portfolio in Waddell & Reed Financial, Inc.

Since August 15, 2017, it had 0 buys, and 3 selling transactions for $956,223 activity. The insider, POLIPNICK GARY A., now holds 59,323 shares of FAST. 10,000 shares were sold by Hein LeLand J, worth $471,350. The institutional investor held 3.70 million shares of the building materials company at the end of 2017Q3, valued at $168.85 million, up from 3.47M at the end of the previous reported quarter.

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Investors sentiment decreased to 1.05 in 2017 Q3. Its up 0.13, from 0.91 in 2017Q2. Moreover, Hillsdale Mngmt has 0% invested in Alleghany Corporation (NYSE:Y). State Of Tennessee Treasury Department invested in 78,710 shares. Virtus Advisers invested in 0.03% or 6,890 shares. 367,009 are held by Harvey Limited Liability.

Waddell & Reed Financial Incorporated (NYSE:WDR) had a decrease of 1.05% in short interest.

There are 698 institutional holders with active positions, accounting for 244.75 million shares in total. Geode Limited Co owns 3.40M shares. Its down 1.05% from 13.93 million shares previously. Wedgewood Partners Inc bought 230,553 shares as the company's stock declined 14.06% while stock markets rallied. Lucas Management has 0.36% invested in Alleghany Corporation (NYSE:Y). Gsa Capital Partners Ltd Liability Partnership reported 5,773 shares or 0.04% of all its holdings. Moreover, Caisse De Depot Et Placement Du Quebec has 0% invested in Alleghany Corporation (NYSE:Y) for 700 shares. Dynamic Cap Ltd owns 0.31% invested in Alleghany Corporation (NYSE:Y) for 1,981 shares. (TSE:GIL), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Boeing had 88 analyst reports since August 26, 2015 according to SRatingsIntel. The rating was downgraded by Robert W. Baird to "Neutral" on Monday, August 24. As per Thursday, June 29, the company rating was maintained by Jefferies. The original version of this report can be read at It also increased its holding in Intel (NASDAQ:INTC) by 8,200 shares in the quarter, for a total of 83,900 shares, and has risen its stake in Home Depot (NYSE:HD).

Analysts await Nasdaq, Inc. The company reported $0.50 earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of $0.50. During the same quarter in the previous year, the firm earned $0.44 EPS.

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