How Analysts Feel About Fastenal Company (NASDAQ:FAST)?





September 5, 2017 – By Stephen Andrade







Investors sentiment increased to 1.2 in Q4 2016. Its up 0.17, from 1.03 in 2016Q3. It improved, as 53 investors sold Fastenal Company shares while 178 reduced holdings. 88 funds opened positions while 189 raised stakes. 227.29 million shares or 5.55% more from 215.34 million shares in 2016Q3 were reported.
140,999 are held by Retirement Sys Of Alabama. Strategic Svcs has 0.44% invested in Fastenal Company (NASDAQ:FAST). 6,658 are held by Haverford Trust. North Star Asset Mngmt Incorporated has 40,992 shares. Allsquare Wealth Ltd Liability Company holds 0.01% of its portfolio in Fastenal Company (NASDAQ:FAST) for 136 shares. Girard reported 0.16% in Fastenal Company (NASDAQ:FAST). Liberty Mgmt reported 1.19% of its portfolio in Fastenal Company (NASDAQ:FAST). Cacti Asset Mngmt Ltd Liability Co holds 7,395 shares or 0.03% of its portfolio. Livingston Grp Inc Asset Management Com (Operating As Southport Cap Management) has invested 0.76% of its portfolio in Fastenal Company (NASDAQ:FAST). Wealthtrust has 0.01% invested in Fastenal Company (NASDAQ:FAST) for 232 shares. Envestnet Asset Mngmt has invested 0.09% in Fastenal Company (NASDAQ:FAST). Utah Retirement reported 52,540 shares. Synovus stated it has 1,078 shares. New York-based Guardian Life Ins Of America has invested 0.01% in Fastenal Company (NASDAQ:FAST). Douglass Winthrop Advisors Ltd Llc holds 1.65% in Fastenal Company (NASDAQ:FAST) or 519,329 shares.

Since May 25, 2017, it had 1 insider buy, and 0 insider sales for $43,760 activity.

Fastenal Company (NASDAQ:FAST) Ratings Coverage

Among 16 analysts covering Fastenal (NASDAQ:FAST), 9 have Buy rating, 0 Sell and 7 Hold. Therefore 56% are positive. Fastenal had 42 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Hold” rating by BMO Capital Markets given on Monday, August 21. The stock of Fastenal Company (NASDAQ:FAST) earned “Buy” rating by Longbow on Friday, June 2. The rating was initiated by BMO Capital Markets with “Market Perform” on Tuesday, April 5. Avondale maintained Fastenal Company (NASDAQ:FAST) on Monday, March 21 with “Market Perform” rating. The company was maintained on Tuesday, June 6 by BMO Capital Markets. The stock of Fastenal Company (NASDAQ:FAST) earned “Outperform” rating by Robert W. Baird on Wednesday, July 12. Sterne Agee CRT initiated Fastenal Company (NASDAQ:FAST) on Tuesday, March 22 with “Neutral” rating. Credit Suisse reinitiated the shares of FAST in report on Friday, June 17 with “Neutral” rating. The stock has “Hold” rating by Stifel Nicolaus on Monday, August 21. The firm has “Hold” rating by BMO Capital Markets given on Tuesday, July 11. Below is a list of Fastenal Company (NASDAQ:FAST) latest ratings and price target changes.

21/08/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $46.0 Maintain
21/08/2017 Broker: BMO Capital Markets Rating: Hold New Target: $46.0 Maintain
25/07/2017 Broker: Northcoast Rating: Buy New Target: $54 Initiates Coverage On
13/07/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $46.0000 Maintain
13/07/2017 Broker: Raymond James Old Rating: Outperform New Rating: Strong Buy Upgrade
12/07/2017 Broker: Robert W. Baird Old Rating: Neutral New Rating: Outperform Upgrade
11/07/2017 Broker: BMO Capital Markets Rating: Hold New Target: $49.0000 Maintain
06/06/2017 Broker: Credit Suisse Rating: Buy New Target: $52.0000
06/06/2017 Broker: BMO Capital Markets Rating: Hold New Target: $49.0000 Maintain
02/06/2017 Broker: Stephens Rating: Buy New Target: $54.0000 Initiate

It closed at $42.48 lastly. It is down 2.09% since September 5, 2016 and is downtrending. It has underperformed by 18.79% the S&P500.

Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. The company has market cap of $12.23 billion. The Firm is engaged in fastener distribution, and non-fastener maintenance and supply business. It has a 23.28 P/E ratio. As of December 31, 2016, it distributed these supplies through a network of approximately 2,500 stores.

Another recent and important Fastenal Company (NASDAQ:FAST) news was published by Seekingalpha.com which published an article titled: “Are You FAST Enough To Grab This One?” on August 31, 2017.

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