November 28, 2016 - By Darrin Black
It was reported in a public form that was submitted to the U.S. Security and Exchange Commission that Leland Hein, who works for Fastenal Co, and is currently the Senior EVP performed an insider transaction on 28-11-2016. He sold 1,000 shares of the Pinksheet-listed company based on an avg price of $46.2 USD a share. As stated in the public form available for free here, the aggregate amount of the transaction was $46,150 USD. The regulatory filing shows that Leland Hein now owns about 0.00% of the Minnesota-based company’s market cap (share price times the number of shares outstanding)
Out of 11 analysts covering Fastenal (NASDAQ:FAST), 0 rate it a “Buy”, 0 “Sell”, while 11 “Hold”. This means 0 are positive. $57 is the highest target while $27 is the lowest. The $45.78 average target is -1.25% below today’s ($46.36) stock price. Fastenal has been the topic of 25 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Friday, August 26 by Macquarie Research. As per Tuesday, August 25, the company rating was maintained by William Blair. The rating was initiated by Credit Suisse on Tuesday, September 15 with “Neutral”. The company was maintained on Wednesday, October 14 by Credit Suisse. The rating was initiated by BMO Capital Markets with “Market Perform” on Tuesday, April 5. Barclays Capital maintained the stock with “Underweight” rating in Monday, October 5 report. The rating was maintained by Avondale with “Market Perform” on Thursday, April 7. The stock of Fastenal Company (NASDAQ:FAST) earned “Neutral” rating by Susquehanna on Thursday, August 27. The firm has “Hold” rating given on Friday, September 4 by William Blair. Stifel Nicolaus maintained Fastenal Company (NASDAQ:FAST) rating on Tuesday, January 19. Stifel Nicolaus has “Buy” rating and $41.0 price target.
Insitutional Activity: The institutional sentiment decreased to 1.03 in Q2 2016. Its down 0.26, from 1.29 in 2016Q1. The ratio worsened, as 49 funds sold all Fastenal Company shares owned while 166 reduced positions. 57 funds bought stakes while 220 increased positions. They now own 231.91 million shares or 8.00% less from 252.08 million shares in 2016Q1.
Invest Mngmt Gp Limited reported 25,544 shares or 0.35% of all its holdings. Blackrock Institutional Tru Na owns 7.35M shares or 0.05% of their US portfolio. Renaissance Lc holds 0.04% of its portfolio in Fastenal Company (NASDAQ:FAST) for 487,144 shares. Great West Life Assurance Can, a Manitoba – Canada-based fund reported 146,274 shares. D E Shaw And Com accumulated 290,984 shares or 0.02% of the stock. The New York-based Timessquare Cap Ltd Liability has invested 0.32% in Fastenal Company (NASDAQ:FAST). Dnb Asset As last reported 0% of its portfolio in the stock. Whittier Tru Com Of Nevada Inc accumulated 1,368 shares or 0.01% of the stock. Moreover, Stratos Wealth Prns Ltd has 0.15% invested in Fastenal Company (NASDAQ:FAST) for 46,097 shares. Alta Cap Ltd Company reported 945,001 shares or 2.59% of all its holdings. Kornitzer Ks has invested 0.13% of its portfolio in Fastenal Company (NASDAQ:FAST). Arizona State Retirement System accumulated 100,775 shares or 0.06% of the stock. Anchor Capital Advisors Ltd Limited Liability Company last reported 0.4% of its portfolio in the stock. The Connecticut-based Paloma Prtn Mgmt has invested 0.01% in Fastenal Company (NASDAQ:FAST). Argent Capital Ltd owns 974,855 shares or 1.94% of their US portfolio.
Insider Transactions: Since September 9, 2016, the stock had 2 insider purchases, and 0 selling transactions for $51,774 net activity. On Thursday, October 13 the insider Ancius Michael J bought $27,174.
The stock decreased 0.02% or $0.01 during the last trading session, hitting $46.36. About 1.41M shares traded hands. Fastenal Company (NASDAQ:FAST) has risen 1.69% since April 25, 2016 and is uptrending. It has underperformed by 4.33% the S&P500.
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 27.01 P/E ratio. The Firm sells industrial and construction supplies to end users , and also has a walk-in retail business.
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.”
Analysts await Fastenal Company (NASDAQ:FAST) to report earnings on January, 20. They expect $0.38 earnings per share, down 2.56% or $0.01 from last year’s $0.39 per share. FAST’s profit will be $110.16M for 30.50 P/E if the $0.38 EPS becomes a reality. After $0.44 actual earnings per share reported by Fastenal Company for the previous quarter, Wall Street now forecasts -13.64% negative EPS growth.
More news for Fastenal Company (NASDAQ:FAST) were recently published by: Nasdaq.com, which released: “Fastenal Drives Vending Process, Margins Remain a Concern” on November 28, 2016. Equitiesfocus.com‘s article titled: “Fastenal Company (NASDAQ:FAST) Short-Term Price Target At $41.67” and published on November 28, 2016 is yet another important article.
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.
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By Darrin Black