Out of 6 analysts covering Fastenal (NASDAQ:FAST), 2 rate it “Buy”, 1 “Sell”, while 12 “Hold”. This means 13% are positive. Fastenal was the topic in 16 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Below is a list of Fastenal Company (NASDAQ:FAST) latest ratings and price target changes.
08/03/2016 Broker: Argus Research Rating: Buy New Target: $57.00 Initiate
05/02/2016 Broker: Robert W. Baird Rating: Neutral Old Target: $42.00 New Target: $47.00 Target Up
19/01/2016 Broker: Barclays Capital Rating: Old Target: $27.00 New Target: $29.00 Target Up
19/01/2016 Broker: Stifel Nicolaus Rating: Buy Old Target: $45.0 New Target: $41.0 Maintain
14/01/2016 Broker: Robert W. Baird Rating: Old Target: $43.00 New Target: $42.00 Target Down
19/10/2015 Broker: Susquehanna Rating: Neutral New Target: $37.00 Target Down
14/10/2015 Broker: Credit Suisse Rating: Neutral Old Target: $47.00 New Target: $40.00 Maintain
14/10/2015 Broker: Stifel Nicolaus Rating: Buy Old Target: $42 New Target: $41 Maintain
09/10/2015 Broker: Robert W. Baird Rating: Old Target: $44.00 New Target: $43.00 Target Down
05/10/2015 Broker: Barclays Capital Rating: Underweight Old Target: $36.00 New Target: $27.00 Maintain
The stock increased 0.23% or $0.11 during the last trading session, hitting $47.05. About 2.57 million shares traded hands. Fastenal Company (NASDAQ:FAST) has risen 15.97% since August 10, 2015 and is uptrending. It has outperformed by 18.76% the S&P500.
Fastenal Company sells industrial and construction supplies to end-users , and also has some walk-in retail business. The company has a market cap of $13.60 billion. The Company’s product offerings include fasteners and other industrial and construction supplies, many of which are sold under the Fastenal product name. It has 26.61 P/E ratio. The Company’s product line, which it refers to as the fastener product line, consists of two categories: threaded fasteners, such as bolts, nuts, screws, studs and related washers, and miscellaneous supplies and hardware, such as various pins and machinery keys, concrete anchors, metal framing systems, wire rope, strut, rivets and related accessories.
The institutional sentiment increased to 1.47 in Q3 2015. Its up 0.30, from 1.17 in 2015Q2. The ratio improved, as 48 funds sold all Fastenal Company shares owned while 151 reduced positions. 55 funds bought stakes while 238 increased positions. They now own 254.38 million shares or 3.37% more from 246.08 million shares in 2015Q2.
Mcdonald Capital Investors Inc Ca holds 7.78% of its portfolio in Fastenal Company for 1.98 million shares. Bares Capital Management Inc. owns 1.53 million shares or 5.58% of their US portfolio. Moreover, Marshfield Associates has 5.39% invested in the company for 1.91 million shares. The New York-based Ruane Cunniff & Goldfarb Inc has invested 4.51% in the stock. Flood Gamble Associates Inc, a New York-based fund reported 239,830 shares.
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