In today’s session Fastenal Company (FAST) registered an unusually high (1,489) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious FAST increase. With 1,489 contracts traded and 5374 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: FAST161118C00038000 closed last at: $1.35 or 28.6% up. About 322,193 shares traded hands. Fastenal Company (NASDAQ:FAST) has declined 16.76% since April 5, 2016 and is downtrending. It has underperformed by 18.71% the S&P500.
Fastenal Company (NASDAQ:FAST) Ratings Coverage
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 13.74% above today’s ($40.25) stock price. Fastenal has been the topic of 25 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Susquehanna maintained it with “Neutral” rating and $40 target price in Thursday, August 27 report. The rating was reinitiated by Credit Suisse on Friday, June 17 with “Neutral”. The rating was maintained by Avondale with “Market Perform” on Thursday, April 7. William Blair maintained Fastenal Company (NASDAQ:FAST) on Friday, September 4 with “Hold” rating. The firm has “Neutral” rating given on Wednesday, October 14 by Credit Suisse. The company was maintained on Monday, March 21 by Avondale. The firm earned “Market Perform” rating on Tuesday, April 5 by BMO Capital Markets. The stock has “Hold” rating given by William Blair on Tuesday, August 25. Argus Research initiated Fastenal Company (NASDAQ:FAST) on Tuesday, March 8 with “Buy” rating. The stock has “Underweight” rating given by Barclays Capital on Monday, October 5.
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 2016 Q2. 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.
Investmentaktiengesellschaft Fuer Langfristige Investoren Tgv accumulated 815,000 shares or 9.69% of the stock. Compass Cap, a Minnesota-based fund reported 446,778 shares. The California-based Clifford Swan Investment Counsel Ltd Liability has invested 0.86% in Fastenal Company (NASDAQ:FAST). Westport Res Mngmt last reported 148 shares in the company. Moreover, Dudley Shanley has 5.02% invested in Fastenal Company (NASDAQ:FAST) for 496,025 shares. Moreover, Td Asset Mngmt Inc has 0.03% invested in Fastenal Company (NASDAQ:FAST) for 329,542 shares. Fund Mngmt Sa, a France-based fund reported 393,720 shares. Parallax Volatility Advisers Ltd Partnership accumulated 23,543 shares or 0% of the stock. Route One L P has invested 9.19% of its portfolio in Fastenal Company (NASDAQ:FAST). Blackrock, a New York-based fund reported 539,996 shares. Grandeur Peak Glob Advisors Ltd last reported 98,925 shares in the company. Nicholas Inv L P accumulated 0.14% or 45,414 shares. Bank & Trust Of America De owns 2.94 million shares or 0.03% of their US portfolio. Greenwich Wealth Llc accumulated 14,507 shares or 0.07% of the stock. Aberdeen Asset Mngmt Public Limited Co Uk, a United Kingdom-based fund reported 52,111 shares.
Insider Transactions: Since September 9, 2016, the stock had 2 buys, and 0 selling transactions for $51,774 net activity. Ancius Michael J bought 700 shares worth $27,174.
Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. The company has a market cap of $11.63 billion. The Firm distributes these supplies through a network of approximately 2,600 Company-owned stores. It has a 23.45 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 news for Fastenal Company (NASDAQ:FAST) were recently published by: Globenewswire.com, which released: “Fastenal Company Announces Cash Dividend” on October 10, 2016. Nasdaq.com‘s article titled: “Fastenal Company (FAST) Ex-Dividend Date Scheduled for October 21, 2016” and published on October 20, 2016 is yet another important article.
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