Is there a Bearish outlook for Fastenal Company (NASDAQ:FAST) this week?

April 22, 2018 - By Marguerite Chambers

Fastenal Company (NASDAQ:FAST) LogoInvestors sentiment decreased to 1.05 in 2017 Q4. Its down 0.25, from 1.3 in 2017Q3. It turned negative, as 37 investors sold Fastenal Company shares while 215 reduced holdings. 91 funds opened positions while 174 raised stakes. 232.28 million shares or 0.94% less from 234.48 million shares in 2017Q3 were reported.
Fincl Consulate owns 5,872 shares for 0.16% of their portfolio. Farmers Merchants Investments holds 0% or 413 shares in its portfolio. Becker Mngmt Inc holds 0.02% or 11,259 shares in its portfolio. Webster Fincl Bank N A owns 65,751 shares for 0.49% of their portfolio. New Mexico Educational Retirement Board invested 0.06% in Fastenal Company (NASDAQ:FAST). Exane Derivatives owns 0.02% invested in Fastenal Company (NASDAQ:FAST) for 2,017 shares. Old Second Retail Bank Of Aurora holds 300 shares or 0.01% of its portfolio. Connor Clark & Lunn holds 0% of its portfolio in Fastenal Company (NASDAQ:FAST) for 6,900 shares. Mariner Wealth Advsr Ltd Liability holds 40,225 shares or 0.09% of its portfolio. Saturna Capital holds 1.01% of its portfolio in Fastenal Company (NASDAQ:FAST) for 604,114 shares. The Japan-based Sumitomo Mitsui Trust Incorporated has invested 0.06% in Fastenal Company (NASDAQ:FAST). Douglass Winthrop Advisors Lc has 636,460 shares for 1.89% of their portfolio. Ashmore Wealth Mgmt Ltd Liability Corporation holds 3.15% of its portfolio in Fastenal Company (NASDAQ:FAST) for 1.11 million shares. Schwab Charles Investment Mngmt stated it has 0.07% in Fastenal Company (NASDAQ:FAST). Zurcher Kantonalbank (Zurich Cantonalbank) has 79,029 shares.

Since December 15, 2017, it had 0 insider buys, and 4 selling transactions for $2.06 million activity. 7,500 shares were sold by Drazkowski William Joseph, worth $424,808 on Tuesday, March 6. 242 shares were sold by Jansen James C, worth $14,036 on Friday, March 9. 26,250 shares were sold by Miller Charles S., worth $1.48M on Thursday, January 25.

Fastenal Company (NASDAQ:FAST) Ratings Coverage

Among 12 analysts covering Fastenal Company (NASDAQ:FAST), 7 have Buy rating, 1 Sell and 4 Hold. Therefore 58% are positive. Fastenal Company had 30 analyst reports since November 13, 2017 according to SRatingsIntel. The company was maintained on Tuesday, January 9 by Credit Suisse. The stock has “Hold” rating by BMO Capital Markets on Monday, January 8. Stephens maintained it with “Buy” rating and $62.0 target in Wednesday, January 17 report. KeyBanc Capital Markets maintained Fastenal Company (NASDAQ:FAST) on Thursday, November 16 with “Buy” rating. The stock has “Buy” rating by KeyBanc Capital Markets on Wednesday, December 6. Stifel Nicolaus maintained it with “Hold” rating and $53.0 target in Monday, January 8 report. Credit Suisse upgraded it to “Buy” rating and $61.0 target in Wednesday, January 17 report. The stock has “Buy” rating by Robert W. Baird on Wednesday, January 17. The rating was maintained by Stifel Nicolaus on Sunday, December 10 with “Hold”. Susquehanna maintained it with “Hold” rating and $52.0 target in Friday, January 12 report. Below is a list of Fastenal Company (NASDAQ:FAST) latest ratings and price target changes.

12/04/2018 Broker: KeyBanc Capital Markets Rating: Buy New Target: $58.0000 Maintain
12/04/2018 Broker: Susquehanna Rating: Hold New Target: $54.0000 Maintain
12/04/2018 Broker: Robert W. Baird Rating: Buy New Target: $56.0000 Maintain
12/04/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $53.0000 Maintain
12/04/2018 Broker: Argus Research Rating: Buy New Target: $62.0000
12/04/2018 Broker: Wells Fargo Rating: Hold New Target: $49.0000 Maintain
11/04/2018 Broker: Stephens Rating: Buy New Target: $60.0000 Maintain
09/04/2018 Broker: BMO Capital Markets Rating: Hold New Target: $57.0000 Maintain
03/04/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Hold Old Target: $54 New Target: $55 Maintain
19/03/2018 Broker: Susquehanna Rating: Hold New Target: $59.0 Maintain

The stock decreased 0.18% or $0.09 during the last trading session, reaching $50.49. About 2.49 million shares traded. Fastenal Company (NASDAQ:FAST) has risen 5.62% since April 22, 2017 and is uptrending. It has underperformed by 5.93% the S&P500.

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 $14.53 billion. It offers fasteners, and other industrial and construction supplies primarily under the Fastenal name. It has a 23.48 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.

Fastenal Company (NASDAQ:FAST) Institutional Positions Chart

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