In today’s session Fastenal Company (FAST) registered an unusually high (1,549) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious FAST increase. With 1,549 contracts traded and 3644 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: FAST161021C00044000 closed last at: $0.35 or 22.2% down. About 2.95M shares traded hands or 26.61% up from the average. Fastenal Company (NASDAQ:FAST) has declined 9.56% since March 8, 2016 and is downtrending. It has underperformed by 18.87% the S&P500.
Fastenal Company (NASDAQ:FAST) Ratings Coverage
Out of 11 analysts covering Fastenal (NASDAQ:FAST), 1 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 9% are positive. $57 is the highest target while $27 is the lowest. The $45.78 average target is 11.63% above today’s ($41.01) stock price. Fastenal has been the topic of 24 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Friday, June 17 by Credit Suisse. On Tuesday, April 5 the stock rating was initiated by BMO Capital Markets with “Market Perform”. The stock of Fastenal Company (NASDAQ:FAST) earned “Neutral” rating by Susquehanna on Thursday, August 27. The stock of Fastenal Company (NASDAQ:FAST) has “Hold” rating given on Friday, April 1 by Stifel Nicolaus. The firm earned “Market Perform” rating on Thursday, April 7 by Avondale. On Wednesday, October 14 the stock rating was maintained by Credit Suisse with “Neutral”. As per Thursday, March 17, the company rating was maintained by Stifel Nicolaus. The stock has “Hold” rating given by William Blair on Friday, September 4. Macquarie Research initiated Fastenal Company (NASDAQ:FAST) on Friday, August 26 with “Neutral” rating. The firm has “Hold” rating by William Blair given on Tuesday, August 25.
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.”
Insitutional Activity: The institutional sentiment increased to 1.29 in Q2 2016. Its up 0.09, from 1.2 in 2016Q1. The ratio is positive, 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.
Moreover, Citadel Lc has 0.01% invested in Fastenal Company (NASDAQ:FAST) for 156,541 shares. State Street Corporation accumulated 10.95 million shares or 0.05% of the stock. Moreover, Davenport Ltd Com has 0% invested in Fastenal Company (NASDAQ:FAST) for 28,500 shares. Ashmore Wealth Ltd Liability has 2.88 million shares for 4.91% of their US portfolio. Brown Advisory Securities Limited Liability Corp holds 4,839 shares or 0.07% of its portfolio. Kcg has invested 0.03% of its portfolio in Fastenal Company (NASDAQ:FAST). The Massachusetts-based Nichols Pratt Advisers Llp Ma has invested 1.43% in Fastenal Company (NASDAQ:FAST). Apriem last reported 0% of its portfolio in the stock. Suntrust Banks has 0% invested in the company for 8,361 shares. State Board Of Administration Of Florida Retirement accumulated 440,583 shares or 0.06% of the stock. Commonwealth Equity has 0.05% invested in the company for 121,110 shares. The Florida-based Finemark Fincl Bank And Trust has invested 0.02% in Fastenal Company (NASDAQ:FAST). Arizona State Retirement Systems owns 100,775 shares or 0.06% of their US portfolio. Moreover, Hussman Strategic Advsrs has 1.21% invested in Fastenal Company (NASDAQ:FAST) for 177,900 shares. Pacad Ltd accumulated 10,146 shares or 0.06% of the stock.
Insider Transactions: Since September 9, 2016, the stock had 1 insider purchase, and 0 selling transactions for $24,600 net activity. 600 Fastenal Company (NASDAQ:FAST) shares with value of $24,600 were bought by Ancius Michael J.
Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. The company has a market cap of $11.80 billion. The Firm distributes these supplies through a network of approximately 2,600 Company-owned stores. It has a 23.47 P/E ratio. The Firm sells industrial and construction supplies to end users , and also has a walk-in retail business.
FAST Company Profile
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.
More recent Fastenal Company (NASDAQ:FAST) news were published by: Globenewswire.com which released: “Fastenal Company Announces Cash Dividend” on October 10, 2016. Also Benzinga.com published the news titled: “Investors’ Response Muted To Fastenal’s Mixed Q3 Results” on October 11, 2016. Globenewswire.com‘s news article titled: “Fastenal Company Announces Conference Call to Review 2016 Third Quarter Earnings” with publication date: September 26, 2016 was also an interesting one.
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