Fastenal Co (FAST) Shareholder Willis Investment Counsel Has Lowered Its Stake by $5.58 Million; Mcmillion Capital Management Has Trimmed Its General Elec Co (GE) Holding by $865,776 as Valuation Declined

May 21, 2018 - By Richard Conner

General Electric Company (NYSE:GE) Logo

Mcmillion Capital Management Inc decreased its stake in General Elec Co (GE) by 46.21% based on its latest 2017Q4 regulatory filing with the SEC. Mcmillion Capital Management Inc sold 50,928 shares as the company’s stock declined 23.20% with the market. The institutional investor held 59,279 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $1.03 million, down from 110,207 at the end of the previous reported quarter. Mcmillion Capital Management Inc who had been investing in General Elec Co for a number of months, seems to be less bullish one the $132.54B market cap company. The stock increased 1.94% or $0.29 during the last trading session, reaching $15.26. About 72.62M shares traded or 1.40% up from the average. General Electric Company (NYSE:GE) has declined 54.35% since May 21, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Willis Investment Counsel decreased its stake in Fastenal Co (FAST) by 37.16% based on its latest 2017Q4 regulatory filing with the SEC. Willis Investment Counsel sold 103,300 shares as the company’s stock declined 2.22% with the market. The institutional investor held 174,700 shares of the building materials company at the end of 2017Q4, valued at $9.55 million, down from 278,000 at the end of the previous reported quarter. Willis Investment Counsel who had been investing in Fastenal Co for a number of months, seems to be less bullish one the $15.47B market cap company. The stock increased 1.91% or $1.01 during the last trading session, reaching $53.77. About 1.83M shares traded. Fastenal Company (NASDAQ:FAST) has risen 5.62% since May 21, 2017 and is uptrending. It has underperformed by 5.93% the S&P500.

Among 19 analysts covering Fastenal (NASDAQ:FAST), 10 have Buy rating, 1 Sell and 8 Hold. Therefore 53% are positive. Fastenal had 77 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, January 19 by Stifel Nicolaus. The stock has “Buy” rating by KeyBanc Capital Markets on Thursday, November 16. Robert W. Baird maintained the stock with “Buy” rating in Thursday, October 12 report. William Blair maintained the shares of FAST in report on Friday, September 4 with “Hold” rating. The firm has “Hold” rating by William Blair given on Tuesday, August 25. The stock has “Buy” rating by Robert W. Baird on Wednesday, December 6. The stock of Fastenal Company (NASDAQ:FAST) earned “Sector Weight” rating by KeyBanc Capital Markets on Tuesday, July 21. Credit Suisse maintained Fastenal Company (NASDAQ:FAST) rating on Tuesday, January 9. Credit Suisse has “Buy” rating and $61.0 target. The firm earned “Hold” rating on Thursday, April 12 by Stifel Nicolaus. The firm has “Outperform” rating given on Monday, December 5 by William Blair.

Investors sentiment decreased to 1.05 in Q4 2017. Its down 0.25, from 1.3 in 2017Q3. It turned negative, as 37 investors sold FAST shares while 215 reduced holdings. 91 funds opened positions while 174 raised stakes. 232.28 million shares or 0.94% less from 234.48 million shares in 2017Q3 were reported. The Us-based Grandeur Peak Glob Ltd Limited Liability Company has invested 1.63% in Fastenal Company (NASDAQ:FAST). Provident Mgmt owns 613,993 shares. Clifford Swan Inv Counsel Limited accumulated 272,711 shares. Apg Asset Management Nv holds 0.04% or 432,460 shares in its portfolio. Baillie Gifford & invested in 0.06% or 912,395 shares. Fdx Inc invested 0.04% of its portfolio in Fastenal Company (NASDAQ:FAST). Guggenheim Limited Liability Corporation reported 735,364 shares. Retail Bank Of Nova Scotia owns 63,353 shares. Ashfield Capital Prtnrs Ltd Liability Corporation has 13,200 shares. Pensionfund Dsm Netherlands has 0.49% invested in Fastenal Company (NASDAQ:FAST) for 63,000 shares. Blb&B Advsrs Limited Com reported 4,450 shares stake. Select Equity Gru Ltd Partnership holds 415,021 shares. Beck Mack And Oliver Lc has invested 0.01% in Fastenal Company (NASDAQ:FAST). Stephens Invest Mngmt Group Incorporated Ltd Liability Com has 76,832 shares. Blackrock invested in 0.05% or 18.54M shares.

Analysts await Fastenal Company (NASDAQ:FAST) to report earnings on July, 11. They expect $0.66 EPS, up 26.92% or $0.14 from last year’s $0.52 per share. FAST’s profit will be $189.87M for 20.37 P/E if the $0.66 EPS becomes a reality. After $0.61 actual EPS reported by Fastenal Company for the previous quarter, Wall Street now forecasts 8.20% EPS growth.

Since December 15, 2017, it had 3 buys, and 4 selling transactions for $1.96 million activity. $1.48 million worth of Fastenal Company (NASDAQ:FAST) shares were sold by Miller Charles S.. $140,793 worth of Fastenal Company (NASDAQ:FAST) was sold by Polipnick Gary A.. On Friday, March 9 the insider Jansen James C sold $14,036. Shares for $22,181 were bought by Ancius Michael J on Wednesday, April 25. Lewis Holden bought 1,000 shares worth $50,275. 7,500 Fastenal Company (NASDAQ:FAST) shares with value of $424,808 were sold by Drazkowski William Joseph.

Willis Investment Counsel, which manages about $1.45B and $1.42 billion US Long portfolio, upped its stake in Automatic Data Proc (NASDAQ:ADP) by 3,600 shares to 61,200 shares, valued at $7.17M in 2017Q4, according to the filing. It also increased its holding in Royal Bank Of Canada (NYSE:RY) by 5,000 shares in the quarter, for a total of 209,500 shares, and has risen its stake in Price T Rowe Group Inc (NASDAQ:TROW).

Since January 26, 2018, it had 1 insider purchase, and 0 sales for $43,446 activity.

Investors sentiment decreased to 0.5 in 2017 Q4. Its down 0.19, from 0.69 in 2017Q3. It dived, as 153 investors sold GE shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. 4.69 billion shares or 0.29% less from 4.70 billion shares in 2017Q3 were reported. Edgar Lomax Va has invested 0.31% in General Electric Company (NYSE:GE). Aviva Public Lc holds 0.58% of its portfolio in General Electric Company (NYSE:GE) for 5.89 million shares. Private Wealth Advsr, Pennsylvania-based fund reported 153,206 shares. Pineno Levin And Ford Asset Mgmt Incorporated reported 1.34% in General Electric Company (NYSE:GE). Spc accumulated 47,804 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Management reported 0.25% of its portfolio in General Electric Company (NYSE:GE). Schwartz Investment Counsel holds 1,900 shares. Fil Limited holds 0.35% or 7.12 million shares. Moreover, Ftb has 0.2% invested in General Electric Company (NYSE:GE) for 121,362 shares. Ww Asset Incorporated holds 698,631 shares. The Washington-based Washington Cap Mngmt Inc has invested 1.4% in General Electric Company (NYSE:GE). 12,676 were accumulated by Gould Asset Management Limited Liability Ca. Letko Brosseau & Associates holds 0.77% of its portfolio in General Electric Company (NYSE:GE) for 5.05M shares. Arrowgrass Capital (Us) Limited Partnership holds 0.12% in General Electric Company (NYSE:GE) or 687,532 shares. Keybank Natl Association Oh stated it has 3.75M shares or 0.38% of all its holdings.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “Wabtec and GE Transportation to merge” on May 21, 2018, also Seekingalpha.com with their article: “GE: The Real Problem” published on May 21, 2018, Livetradingnews.com published: “General Electric Company (NYSE:GE) Stock Worth Watching” on May 18, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Marketwatch.com and their article: “GE nears $20 billion deal to sell transportation unit to Wabtec: report” published on May 21, 2018 as well as Seekingalpha.com‘s news article titled: “General Electric: Finally, It’s Over” with publication date: April 23, 2018.

Analysts await General Electric Company (NYSE:GE) to report earnings on July, 20. They expect $0.18 earnings per share, down 35.71% or $0.10 from last year’s $0.28 per share. GE’s profit will be $1.56 billion for 21.19 P/E if the $0.18 EPS becomes a reality. After $0.16 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

Mcmillion Capital Management Inc, which manages about $226.22 million and $166.48M US Long portfolio, upped its stake in Ishares Nasdaq Biotechnology E (IBB) by 14,782 shares to 21,612 shares, valued at $2.31 million in 2017Q4, according to the filing.

Among 29 analysts covering General Electric Company (NYSE:GE), 9 have Buy rating, 6 Sell and 14 Hold. Therefore 31% are positive. General Electric Company had 102 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Sell” rating by J.P. Morgan on Monday, April 9. The rating was maintained by BMO Capital Markets on Thursday, March 23 with “Hold”. The rating was upgraded by Standpoint Research to “Hold” on Thursday, June 29. The company was maintained on Tuesday, January 16 by Vertical Research. The company was maintained on Tuesday, June 13 by Stifel Nicolaus. Morgan Stanley maintained it with “Equal-Weight” rating and $27 target in Monday, July 17 report. UBS downgraded the shares of GE in report on Monday, October 23 to “Neutral” rating. The rating was maintained by JP Morgan on Monday, February 12 with “Underweight”. On Thursday, December 28 the stock rating was maintained by Tigress Financial with “Hold”. On Friday, September 15 the stock rating was maintained by RBC Capital Markets with “Buy”.

Fastenal Company (NASDAQ:FAST) Institutional Positions Chart

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