Analysts See $0.66 EPS for Fastenal Company (FAST)

June 20, 2018 - By Mona Holcomb

Fastenal Company (NASDAQ:FAST) LogoInvestors sentiment decreased to 0.83 in 2018 Q1. Its down 0.22, from 1.05 in 2017Q4. It dived, as 45 investors sold Fastenal Company shares while 231 reduced holdings. 56 funds opened positions while 174 raised stakes. 236.95 million shares or 2.01% more from 232.28 million shares in 2017Q4 were reported.
Susquehanna Grp Inc Llp accumulated 4,735 shares. Cap Wealth Planning Ltd Co holds 666,000 shares. Guggenheim Capital Ltd Liability Corporation accumulated 720,104 shares. Old Mutual Customised Solutions (Proprietary) owns 0.08% invested in Fastenal Company (NASDAQ:FAST) for 14,361 shares. Moreover, Glenmede Trust Company Na has 0% invested in Fastenal Company (NASDAQ:FAST) for 439 shares. Signaturefd Ltd Liability Corporation stated it has 0.01% of its portfolio in Fastenal Company (NASDAQ:FAST). Meiji Yasuda Asset Mngmt holds 0.02% in Fastenal Company (NASDAQ:FAST) or 4,492 shares. Nordea Inv Mngmt Ab reported 72,283 shares stake. Intersect Cap Ltd Co has invested 0.16% of its portfolio in Fastenal Company (NASDAQ:FAST). 246,870 are held by State Of Wisconsin Invest Board. Mason Street Advisors Ltd has 40,069 shares for 0.05% of their portfolio. Captrust Finance Advisors has 0.03% invested in Fastenal Company (NASDAQ:FAST). Transamerica Fincl Advsrs Inc owns 18 shares. Schwartz Inv Counsel reported 65,000 shares. Thomas Story & Son Limited Liability owns 2.54% invested in Fastenal Company (NASDAQ:FAST) for 79,344 shares.

Since January 25, 2018, it had 4 buys, and 4 selling transactions for $3.27 million activity. 7,500 Fastenal Company (NASDAQ:FAST) shares with value of $424,808 were sold by Drazkowski William Joseph. Another trade for 29,758 shares valued at $1.56 million was made by Jansen James C on Tuesday, May 15. $22,181 worth of Fastenal Company (NASDAQ:FAST) was bought by Ancius Michael J on Wednesday, April 25. Shares for $50,275 were bought by Lewis Holden on Monday, April 30. Miller Charles S. sold $1.48M worth of stock. Shares for $103,700 were bought by Owen Terry Modock.

Analysts expect Fastenal Company (NASDAQ:FAST) to report $0.66 EPS on July, 11.They anticipate $0.14 EPS change or 26.92 % from last quarter’s $0.52 EPS. FAST’s profit would be $189.87M giving it 19.93 P/E if the $0.66 EPS is correct. After having $0.61 EPS previously, Fastenal Company’s analysts see 8.20 % EPS growth. The stock increased 0.94% or $0.49 during the last trading session, reaching $52.61. About 626,610 shares traded. Fastenal Company (NASDAQ:FAST) has risen 21.28% since June 20, 2017 and is uptrending. It has outperformed by 8.71% the S&P500.

Fastenal Company (NASDAQ:FAST) Ratings Coverage

Among 11 analysts covering Fastenal Company (NASDAQ:FAST), 6 have Buy rating, 1 Sell and 4 Hold. Therefore 55% are positive. Fastenal Company had 24 analyst reports since January 8, 2018 according to SRatingsIntel. Stifel Nicolaus maintained Fastenal Company (NASDAQ:FAST) rating on Thursday, April 12. Stifel Nicolaus has “Hold” rating and $5300 target. The firm has “Hold” rating given on Monday, January 8 by BMO Capital Markets. The rating was maintained by Robert W. Baird with “Buy” on Tuesday, March 6. The rating was maintained by Susquehanna with “Hold” on Thursday, January 18. As per Friday, March 16, the company rating was maintained by KeyBanc Capital Markets. The stock of Fastenal Company (NASDAQ:FAST) has “Buy” rating given on Thursday, April 12 by Robert W. Baird. On Thursday, April 12 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. On Wednesday, January 17 the stock rating was upgraded by Credit Suisse to “Buy”. The stock has “Buy” rating by Stephens on Wednesday, April 11. The rating was maintained by Wells Fargo with “Hold” on Thursday, April 12.

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 $15.14 billion. It offers fasteners, and other industrial and construction supplies primarily under the Fastenal name. It has a 24.47 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.

Another recent and important Fastenal Company (NASDAQ:FAST) news was published by Seekingalpha.com which published an article titled: “Fastenal: Solid And Consistent Performer Trading At Attractive Valuations” on June 14, 2018.

Fastenal Company (NASDAQ:FAST) Institutional Positions Chart

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