Fastenal Company (NASDAQ:FAST) has analysts on the Bullish side this week.

June 20, 2017 - By reb123z

 Fastenal Company (NASDAQ:FAST) has analysts on the Bullish side this week.
Investors sentiment increased to 1.2 in Q4 2016. Its up 0.17, from 1.03 in 2016Q3. It is positive, as 53 investors sold Fastenal Company shares while 178 reduced holdings. 88 funds opened positions while 189 raised stakes. 227.29 million shares or 5.55% more from 215.34 million shares in 2016Q3 were reported.
Blair William & Il holds 2.87 million shares. Barrington Strategic Wealth Mgmt Gru Limited Company reported 23,525 shares. Zacks Investment Mgmt stated it has 0.15% in Fastenal Company (NASDAQ:FAST). 119,026 were reported by Motley Fool Wealth Mgmt Lc. Bath Savings Tru invested in 4,665 shares. Macquarie Gru Ltd holds 0% of its portfolio in Fastenal Company (NASDAQ:FAST) for 18,600 shares. Prudential Financial has 0.03% invested in Fastenal Company (NASDAQ:FAST). Arcadia Invest Mi reported 80,078 shares. Cap Wealth Planning Lc accumulated 740,000 shares. Castleark Management Llc owns 38,810 shares for 0.06% of their portfolio. Diversified Inv Strategies Lc owns 80,470 shares. Proshare Advsrs Ltd Llc owns 94,109 shares for 0.05% of their portfolio. State Street invested in 0.05% or 11.99 million shares. Mountain Pacific Invest Advisers Id reported 0.83% stake. Boyd Watterson Asset Mngmt Ltd Liability Oh holds 0.24% or 9,836 shares.

Since February 17, 2017, it had 1 insider purchase, and 1 sale for $458,152 activity. 10,000 shares valued at $501,912 were sold by OBERTON WILLARD D on Friday, February 17. 1,000 shares were bought by Lewis Holden, worth $43,760.

Fastenal Company (NASDAQ:FAST) Ratings Coverage

Among 14 analysts covering Fastenal (NASDAQ:FAST), 6 have Buy rating, 0 Sell and 8 Hold. Therefore 43% are positive. Fastenal had 33 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Market Perform” rating by Avondale given on Thursday, April 7. As per Tuesday, March 8, the company rating was initiated by Argus Research. As per Monday, December 5, the company rating was upgraded by William Blair. The firm earned “Hold” rating on Thursday, January 19 by Stifel Nicolaus. The rating was initiated by KeyBanc Capital Markets with “Sector Weight” on Tuesday, July 21. The firm earned “Hold” rating on Friday, October 14 by Argus Research. Credit Suisse maintained the stock with “Neutral” rating in Wednesday, October 14 report. The firm earned “Neutral” rating on Monday, August 24 by Robert W. Baird. The firm earned “Overweight” rating on Thursday, January 5 by KeyBanc Capital Markets. The firm has “Market Perform” rating given on Monday, March 21 by Avondale. Below is a list of Fastenal Company (NASDAQ:FAST) latest ratings and price target changes.

02/06/2017 Broker: Stephens Rating: Buy New Target: $54.0000 Initiate
02/06/2017 Broker: JP Morgan Rating: Neutral New Target: $46 Initiates Coverage On
02/06/2017 Broker: Longbow Rating: Buy New Target: $55 Upgrade
19/04/2017 Broker: Credit Suisse Old Rating: Neutral New Rating: Outperform Upgrade
19/01/2017 Broker: Stifel Nicolaus Rating: Hold Old Target: $44 New Target: $50 Maintain
12/01/2017 Broker: Avondale Old Rating: Mkt Perform New Rating: Mkt Outperform Upgrade
05/01/2017 Broker: KeyBanc Capital Markets Old Rating: Sector Weight New Rating: Overweight Upgrade

About shares traded. Fastenal Company (NASDAQ:FAST) has declined 2.09% since June 20, 2016 and is downtrending. It has underperformed by 18.79% the S&P500.

Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. The company has market cap of $12.94 billion. The Firm is engaged in fastener distribution, and non-fastener maintenance and supply business. It has a 25.22 P/E ratio. As of December 31, 2016, it distributed these supplies through a network of approximately 2,500 stores.

More news for Fastenal Company (NASDAQ:FAST) were recently published by: Investorplace.com, which released: “Why Macy’s Inc (M), Dollar General Corp. (DG) and Fastenal Company (FAST) Are …” on June 06, 2017. Seekingalpha.com‘s article titled: “Analyzing Fastenal Management Compensation” and published on May 22, 2017 is yet another important article.

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