$0.60 EPS Expected for Fastenal Company (FAST)
March 9, 2018 – By Migdalia James
Investors sentiment increased to 1.3 in Q3 2017. Its up 0.01, from 1.29 in 2017Q2. It increased, as 50 investors sold Fastenal Company shares while 161 reduced holdings. 62 funds opened positions while 213 raised stakes. 234.48 million shares or 1.45% more from 231.14 million shares in 2017Q2 were reported.
Zacks Investment Management reported 0.12% in Fastenal Company (NASDAQ:FAST). Brown Brothers Harriman Company has invested 0.01% in Fastenal Company (NASDAQ:FAST). New York State Common Retirement Fund owns 946,100 shares or 0.06% of their US portfolio. Ironwood Inv Counsel Ltd Limited Liability Company reported 0.49% stake. 862,904 are held by Victory Mgmt Inc. Veritable L P owns 0.01% invested in Fastenal Company (NASDAQ:FAST) for 5,772 shares. 2.04M are held by Natl Bank Of America Corporation De. Essex Inv Mngmt Com Lc, a Massachusetts-based fund reported 7,500 shares. 157,840 are held by Inv Of Virginia Limited Liability Corp. Stephens Inc Ar stated it has 34,197 shares or 0.06% of all its holdings. Plante Moran Ltd Llc has 151 shares for 0% of their portfolio. Pub Sector Pension Inv Board reported 31,881 shares. Becker Cap Mgmt Inc holds 0.02% or 11,259 shares in its portfolio. Mutual Of America Capital Mgmt Ltd Liability has invested 0.03% in Fastenal Company (NASDAQ:FAST). Commerzbank Aktiengesellschaft Fi owns 13,203 shares.
Since October 16, 2017, it had 0 insider purchases, and 3 sales for $2.10 million activity. Polipnick Gary A. had sold 2,634 shares worth $140,793. Hein LeLand J also sold $471,350 worth of Fastenal Company (NASDAQ:FAST) shares.
Analysts expect Fastenal Company (NASDAQ:FAST) to report $0.60 EPS on April, 11.They anticipate $0.14 EPS change or 30.43 % from last quarter’s $0.46 EPS. FAST’s profit would be $172.59 million giving it 23.55 P/E if the $0.60 EPS is correct. After having $0.45 EPS previously, Fastenal Company’s analysts see 33.33 % EPS growth. The stock decreased 0.21% or $0.12 during the last trading session, reaching $56.52. About 1.69 million shares traded. Fastenal Company (NASDAQ:FAST) has declined 2.09% since March 9, 2017 and is downtrending. It has underperformed by 18.79% the S&P500.
Fastenal Company (NASDAQ:FAST) Ratings Coverage
Among 17 analysts covering Fastenal (NASDAQ:FAST), 9 have Buy rating, 0 Sell and 8 Hold. Therefore 53% are positive. Fastenal had 65 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, January 18 by Susquehanna. The rating was maintained by Stephens on Wednesday, October 11 with “Buy”. BMO Capital Markets maintained it with “Hold” rating and $4900 target in Tuesday, July 11 report. Robert W. Baird maintained the stock with “Buy” rating in Wednesday, December 6 report. Barclays Capital maintained it with “Underweight” rating and $27 target in Monday, October 5 report. Credit Suisse reinitiated Fastenal Company (NASDAQ:FAST) on Friday, June 17 with “Neutral” rating. The firm earned “Mkt Outperform” rating on Thursday, January 12 by Avondale. BMO Capital Markets maintained Fastenal Company (NASDAQ:FAST) rating on Tuesday, June 6. BMO Capital Markets has “Hold” rating and $4900 target. The firm has “Hold” rating given on Monday, January 8 by Stifel Nicolaus. The rating was downgraded by Robert W. Baird on Monday, August 24 to “Neutral”.
Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally. The company has market cap of $16.26 billion. It offers fasteners, and other industrial and construction supplies primarily under the Fastenal name. It has a 28.15 P/E ratio. The companyÂ’s fastener products include threaded fasteners, such as bolts, nuts, screws, studs, and related washers, which are used in manufactured products and building projects, as well as in the maintenance and repair of machines and structures.
More news for Fastenal Company (NASDAQ:FAST) were recently published by: Nasdaq.com, which released: “Fastenal Company (FAST) Up 4.5% Since Earnings Report: Can It Continue?” on February 16, 2018. Seekingalpha.com‘s article titled: “Fastenal: Potential Long-Term Portfolio Addition” and published on March 08, 2018 is yet another important article.
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