To Buy Or Sell Fastenal Company (NASDAQ:FAST) On Latest Analyst Consensus
- Author: Zachary Reyes Apr 13, 2017,
Apr 13, 2017, 9:28
Analysts are forecasting earnings of $0.46 on a per share basis this quarter. They now have a United States dollars 50 price target on the stock. Bahl & Gaynor Inc. now owns 3,078,505 shares of the company's stock valued at $128,619,000 after buying an additional 231,798 shares during the last quarter. Higher volatility means that a stock's price can change radically in either direction in a very short period of time and lower volatility is just the opposite, as the price doesn't change dramatically - instead it varies at a steady pace over a significantly longer period of time.
TNB Financial acquired a new position in shares of Fastenal Company (NASDAQ:FAST) during the first quarter, according to its most recent filing with the Securities and Exchange Commission.
Currently, EPS of Fastenal Company (FAST) is 0.4 while the analysts predicted the EPS of the stock to be 0.38 suggesting the company fell short of the analysts' expectations.
The stock's 50 day moving average is 51.03 and its 200 day moving average is 46.88.
The company had also seen an increase at the end of 2016. Traders bought 3,110 put options on the company. This is an increase of approximately 670% compared to the average daily volume of 404 put options. First Personal Fincl Ser has 0.01% invested in Fastenal Company (NASDAQ:FAST).
The Winona, MN-based industrial and construction supplies distributor reported Q1 earnings per share (EPS) of $0.46, which was in-line with the Wall Street consensus estimate of $0.46.
Builders FirstSource, also a Zacks Rank #2 company, expects earnings growth of 28.1% in 2017. Fastenal Company had a return on equity of 26.52% and a net margin of 12.61%.
Fastenal Company (NASDAQ:FAST) opened at 50.34 on Tuesday. During the same period in the previous year, the business earned $0.44 EPS. The monthly performance is 0.10% and the yearly performance is 9.60%.
12/05/2016 - Fastenal Company was upgraded to "outperform" by analysts at William Blair.
TRADEMARK VIOLATION WARNING: "Fastenal Company (FAST) Given "Hold" Rating at BMO Capital Markets" was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and global trademark and copyright laws. The legal version of this news story can be accessed at https://www.themarketsdaily.com/2017/04/13/fastenal-company-fast-earns-news-sentiment-score-of-0-11.html. Following the completion of the transaction, the director now owns 378,454 shares in the company, valued at $18,994,606.26. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Hsbc Holdings PLC increased its stake in Fastenal Company by 293.3% in the third quarter.
In related news, Director Willard D. Oberton sold 10,000 shares of the company's stock in a transaction dated Monday, February 27th. Virtus Investment Advisers Inc. purchased a new stake in Fastenal Company during the third quarter worth approximately $131,000. Finally, Global X Management Co. Cobblestone Capital Advsr Limited Company New York owns 10,365 shares or 0.07% of their USA portfolio. Finally, FineMark National Bank & Trust boosted its position in shares of Fastenal Company by 25.1% in the third quarter. The biggest holder now is Robert A. Kierlin who owns 11,835,625 shares (4.09% of those outstanding), whilst Stephen M. Slaggie holds 9,083,468 (3.14% of shares outstanding) and John D. Remick holds 3,324,671 (1.15% of shares outstanding).
A number of other institutional investors have also recently added to or reduced their stakes in the stock.
The company has gradually grown from a fastener distributor to a full-line industrial supplier. The company's fastener business grew by less than one percent but was the first growth since the second quarter of 2015. As of December 31, 2016, it distributed these supplies through a network of approximately 2,500 stores.