Fastenal Company (FAST) Analysts See $0.66 EPS as of July, 11

June 27, 2018 - By Joshua Cleveland

Fastenal Company (NASDAQ:FAST) Corporate Logo
During Q1 2018 the big money sentiment decreased to 0.83. That’s change of 0.22, from 2017Q4’s 1.05. 45 investors sold all, 231 reduced holdings as Fastenal Company ratio dropped. 174 rose stakes while 56 funds took stakes. Funds hold 236.95 million shares thus 2.01% more from 2017Q4’s 232.28 million shares.
& Inv Mgmt Group Inc holds 0.46% of its capital in Fastenal Company (NASDAQ:FAST) for 26,137 shs. Long Road Inv Counsel Limited Liability stated it has 2.53% in Fastenal Company (NASDAQ:FAST). Norinchukin Commercial Bank The stated it has 0.03% in Fastenal Company (NASDAQ:FAST). Alps Advisors reported 8,322 shs. Loring Wolcott And Coolidge Fiduciary Advsr Llp Ma reported 0.02% of its capital in Fastenal Company (NASDAQ:FAST). Clifford Swan Invest Counsel Limited Liability Corporation has invested 0.84% of its capital in Fastenal Company (NASDAQ:FAST). Qci Asset Management reported 0% in Fastenal Company (NASDAQ:FAST). Wilkins Counsel reported 1.84% in Fastenal Company (NASDAQ:FAST). Hsbc Public Limited Co has 1.28M shs for 0.1% of their capital. Mufg Americas reported 343 shs stake. Comerica Securities invested 0.08% of its capital in Fastenal Company (NASDAQ:FAST). Hightower Advsrs Ltd Liability Corp invested in 0.06% or 141,055 shs. Mitsubishi Ufj Securities Company Ltd has 220 shs for 0.05% of their capital. Northern Tru accumulated 0.05% or 3.33M shs. North Star Asset Management holds 0.2% or 40,412 shs.

Fastenal Company had 4 sales and 4 insider purchases since January 25, 2018. This’s net activity of $3.27 million. $50,275 worth of Fastenal Company (NASDAQ:FAST) was bought by Lewis Holden. $22,181 worth of Fastenal Company (NASDAQ:FAST) shs were bought by Ancius Michael J. Owen Terry Modock bought $103,700 worth of stock. On Friday, March 9 Jansen James C also sold $14,036 worth of Fastenal Company (NASDAQ:FAST). On Friday, April 27 Shares for $35,219 were bought by Eastman Stephen L.. On Tuesday, March 6 7,500 shs were sold by Drazkowski William Joseph, worth $424,808.

Investors wait Fastenal Company (NASDAQ:FAST)’s quarterly earnings on July, 11., RTT reports. Analysts predict $0.66 earnings per share. That’s $0.14 up or 26.92 % from 2017’s earnings of $0.52. If earnings per share of $0.66 is reported the profit of FAST could be $189.88M giving it 18.72 P/E. Wall Street now forecasts 8.20 % EPS growth despite Fastenal Company previous quarter’s EPS of $0.61. Ticker’s shares touched $49.42 during the last trading session after 0.86% change.Fastenal Company has volume of 2.03M shares. Since June 27, 2017 FAST has risen 21.28% and is uptrending. FAST outperformed the S&P500 by 8.71%.

Fastenal Company (NASDAQ:FAST) Ratings Coverage

A total of 11 analysts rate Fastenal Company (NASDAQ:FAST) as follows: 6 “Buy”, 4 “Hold” and 1 “Sell”. Тherefore 55% are bullish. The firm has $65.0 highest and $4900 lowest target. The avg target $56.27 is 13.86% above the last ($49.42) price. (NASDAQ:FAST) has 24 ratings reports on Jun 27, 2018 according to StockzIntelligence. On Wednesday, January 17 the rating was maintained by Robert W. Baird with “Buy”. In Wednesday, January 17 report BMO Capital Markets maintained the stock with “Hold” rating. On Thursday, January 18 the rating was maintained by Susquehanna with “Hold”. In Tuesday, April 3 report Stifel Nicolaus maintained it with “Hold” rating and $55 target. The stock rating was upgraded by Credit Suisse to “Buy” on Wednesday, January 17. On Tuesday, March 6 the rating was maintained by Robert W. Baird with “Buy”. On Thursday, April 12 the stock has “Buy” rating by KeyBanc Capital Markets. On Friday, March 16 KeyBanc Capital Markets maintained Fastenal Company (NASDAQ:FAST) rating. KeyBanc Capital Markets has “Buy” rating and $65.0 target. On Wednesday, January 17 the stock of Fastenal Company (NASDAQ:FAST) earned “Hold” rating by Stifel Nicolaus. The company rating was maintained by Susquehanna on Monday, March 19.

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally.The firm is worth $14.22 billion. It offers fasteners, and other industrial and construction supplies primarily under the Fastenal name.The P/E ratio is 22.99. 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.

Another two news for Fastenal Company (NASDAQ:FAST) were recently released by: Nasdaq.com on June 26, 2018 with title “Fastenal Company Announces Conference Call to Review 2018 Second Quarter Earnings”. The other Nasdaq.com‘s article was titled “New Research Coverage Highlights Perry Ellis International, Standex International, Fastenal, Viad, Boston Private …” and released on June 22, 2018.

Fastenal Company (NASDAQ:FAST) Institutional Investors Chart

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