Institutional Investors Are Betting On Fastenal Co (NASDAQ:FAST)

August 24, 2017 - By Ellis Scott

 Institutional Investors Are Betting On Fastenal Co (NASDAQ:FAST)

Sentiment for Fastenal Co (NASDAQ:FAST)

Fastenal Co (NASDAQ:FAST) institutional sentiment increased to 1.2 in 2016 Q4. Its up 0.17, from 1.03 in 2016Q3. The ratio has increased, as 277 institutional investors started new and increased equity positions, while 231 cut down and sold positions in Fastenal Co. The institutional investors in our partner’s database now possess: 227.29 million shares, up from 215.34 million shares in 2016Q3. Also, the number of institutional investors holding Fastenal Co in their top 10 equity positions increased from 12 to 18 for an increase of 6. Sold All: 53 Reduced: 178 Increased: 189 New Position: 88.

Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. The company has market cap of $11.93 billion. The Firm is engaged in fastener distribution, and non-fastener maintenance and supply business. It has a 22.69 P/E ratio. As of December 31, 2016, it distributed these supplies through a network of approximately 2,500 stores.

About 584,473 shares traded. Fastenal Company (NASDAQ:FAST) has declined 2.09% since August 24, 2016 and is downtrending. It has underperformed by 18.79% the S&P500.

Investors wait Fastenal Company (NASDAQ:FAST) to report on October, 10. its quarterly earnings Wall Street analysts expect $0.50 EPS, up $0.06 or 13.64 % from last year’s $0.44 same quarter earnings. This translates into $144.05M profit for FAST giving the stock a 20.71 P/E. This is assuming the current $0.50 EPS is accurate. Fastenal Company’s Wall Street analysts see -3.85 % negative EPS growth, taking into account the $0.52 EPS reproted in the previous quarter,

Capital Wealth Planning Llc holds 30.73% of its portfolio in Fastenal Company for 740,000 shares. Mcdonald Capital Investors Inc Ca owns 2.22 million shares or 9.54% of their US portfolio. Moreover, Investmentaktiengesellschaft Fuer Langfristige Investoren Tgv has 9.31% invested in the company for 816,000 shares. The Texas-based Bares Capital Management Inc. has invested 7.94% in the stock. Marshfield Associates, a -based fund reported 1.68 million shares.#img1#

Since January 1, 0001, it had 1 buying transaction, and 0 sales for $43,760 activity.

Fastenal Company (NASDAQ:FAST) Ratings Coverage

Ratings analysis reveals 56% of Fastenal’s analysts are positive. Out of 16 Wall Street analysts rating Fastenal, 9 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $27 while the high is $57. The stock’s average target of $48 is 15.91% above today’s ($41.41) share price. FAST was included in 42 notes of analysts from July 21, 2015. BMO Capital Markets initiated the shares of FAST in report on Tuesday, April 5 with “Market Perform” rating. Avondale maintained Fastenal Company (NASDAQ:FAST) on Thursday, April 7 with “Market Perform” rating. William Blair upgraded Fastenal Company (NASDAQ:FAST) on Monday, December 5 to “Outperform” rating. The stock has “Hold” rating by BMO Capital Markets on Tuesday, July 11. The firm has “Buy” rating given on Friday, June 2 by Longbow. The firm has “Neutral” rating given on Friday, June 17 by Credit Suisse. The company was initiated on Friday, June 2 by Stephens. The firm earned “Hold” rating on Thursday, January 19 by Stifel Nicolaus. The firm has “Buy” rating given on Tuesday, January 19 by Stifel Nicolaus. Stifel Nicolaus maintained the shares of FAST in report on Thursday, July 13 with “Hold” rating.

More important recent Fastenal Company (NASDAQ:FAST) news were published by: Investorplace.com which released: “3 Big Stock Charts for Thursday: Fastenal Company (FAST), Applied Materials …” on August 03, 2017, also Seekingalpha.com published article titled: “Taking A Look Back At My Fastenal Thesis”, Nasdaq.com published: “Why Is Fastenal (FAST) Down 1.8% Since the Last Earnings Report?” on August 14, 2017. More interesting news about Fastenal Company (NASDAQ:FAST) was released by: Patch.com and their article: “Fastenal Customer Dupes Minnesota Company Out of $2000” with publication date: July 27, 2017.

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