Fastenal (FAST) Valuation Declined While Crestpoint Capital Management Has Lowered Stake; Westfield Capital Management Company LP Holds Position in Microchip Technology (MCHP)

February 17, 2018 – By Ellis Scott

Crestpoint Capital Management Llc decreased its stake in Fastenal (FAST) by 19.17% based on its latest 2017Q3 regulatory filing with the SEC. Crestpoint Capital Management Llc sold 7,400 shares as the company’s stock declined 14.06% while stock markets rallied. The institutional investor held 31,200 shares of the building materials company at the end of 2017Q3, valued at $1.42 million, down from 38,600 at the end of the previous reported quarter. Crestpoint Capital Management Llc who had been investing in Fastenal for a number of months, seems to be less bullish one the $15.75 billion market cap company. The stock decreased 1.65% or $0.92 during the last trading session, reaching $54.75. About 1.99 million shares traded. Fastenal Company (NASDAQ:FAST) has declined 2.09% since February 17, 2017 and is downtrending. It has underperformed by 18.79% the S&P500.

Westfield Capital Management Company Lp increased its stake in Microchip Technology Inc (MCHP) by 292.22% based on its latest 2017Q3 regulatory filing with the SEC. Westfield Capital Management Company Lp bought 165,380 shares as the company’s stock rose 11.86% with the market. The institutional investor held 221,975 shares of the semiconductors company at the end of 2017Q3, valued at $19.93 million, up from 56,595 at the end of the previous reported quarter. Westfield Capital Management Company Lp who had been investing in Microchip Technology Inc for a number of months, seems to be bullish on the $19.55B market cap company. The stock increased 1.12% or $0.92 during the last trading session, reaching $83.41. About 3.55 million shares traded or 37.66% up from the average. Microchip Technology Incorporated (NASDAQ:MCHP) has risen 68.30% since February 17, 2017 and is uptrending. It has outperformed by 51.60% the S&P500.

Investors sentiment increased to 1.3 in 2017 Q3. Its up 0.01, from 1.29 in 2017Q2. It is positive, as 50 investors sold FAST shares while 161 reduced holdings. 62 funds opened positions while 213 raised stakes. 234.48 million shares or 1.45% more from 231.14 million shares in 2017Q2 were reported. River Road Asset Mgmt Lc holds 1.58% or 1.77 million shares in its portfolio. Turtle Creek Asset Mngmt Inc holds 455,700 shares or 2.07% of its portfolio. Hl Svcs Limited Company stated it has 1.59% in Fastenal Company (NASDAQ:FAST). First Personal Ser, a North Carolina-based fund reported 712 shares. Nationwide Fund Advsrs holds 358,913 shares. Ameriprise accumulated 0% or 223,734 shares. The Texas-based Bares Cap has invested 7.53% in Fastenal Company (NASDAQ:FAST). 2,900 are held by Css Ltd Il. Ameritas Partners stated it has 0.02% of its portfolio in Fastenal Company (NASDAQ:FAST). Wilkins Invest Counsel Inc owns 107,675 shares or 1.49% of their US portfolio. Gw Henssler And Associate Ltd owns 261,298 shares or 1.2% of their US portfolio. Ironwood Investment Mngmt Ltd Liability Co owns 7,548 shares for 0.24% of their portfolio. Pension Ser holds 0.07% of its portfolio in Fastenal Company (NASDAQ:FAST) for 291,649 shares. Janney Montgomery Scott Limited Com holds 0.02% of its portfolio in Fastenal Company (NASDAQ:FAST) for 32,490 shares. Gemmer Asset Lc reported 322 shares.

Crestpoint Capital Management Llc, which manages about $225.04 million and $224.27M US Long portfolio, upped its stake in Affiliated Mgrs (NYSE:AMG) by 1,900 shares to 11,900 shares, valued at $2.26 million in 2017Q3, according to the filing. It also increased its holding in Phillips 66 (NYSE:PSX) by 3,900 shares in the quarter, for a total of 17,500 shares, and has risen its stake in Home Depot (NYSE:HD).

Among 17 analysts covering Fastenal (NASDAQ:FAST), 9 have Buy rating, 0 Sell and 8 Hold. Therefore 53% are positive. Fastenal had 63 analyst reports since July 21, 2015 according to SRatingsIntel. As per Wednesday, December 6, the company rating was maintained by KeyBanc Capital Markets. Susquehanna maintained Fastenal Company (NASDAQ:FAST) on Friday, January 12 with “Hold” rating. Credit Suisse maintained the shares of FAST in report on Wednesday, October 14 with “Neutral” rating. Stifel Nicolaus maintained Fastenal Company (NASDAQ:FAST) on Thursday, March 17 with “Buy” rating. As per Monday, March 21, the company rating was maintained by Avondale. The firm has “Buy” rating given on Tuesday, January 19 by Stifel Nicolaus. The stock of Fastenal Company (NASDAQ:FAST) earned “Buy” rating by KeyBanc Capital Markets on Thursday, November 16. On Monday, August 21 the stock rating was maintained by Stifel Nicolaus with “Hold”. BMO Capital Markets maintained Fastenal Company (NASDAQ:FAST) rating on Tuesday, June 6. BMO Capital Markets has “Hold” rating and $4900 target. The firm has “Hold” rating given on Thursday, January 18 by Susquehanna.

Since August 15, 2017, it had 0 buys, and 3 insider sales for $2.10 million activity. The insider Polipnick Gary A. sold $140,793. DOLAN MICHAEL JOHN sold $344,080 worth of Fastenal Company (NASDAQ:FAST) on Tuesday, August 15. On Thursday, January 25 the insider Miller Charles S. sold $1.48M.

Among 23 analysts covering Microchip Technology (NASDAQ:MCHP), 18 have Buy rating, 0 Sell and 5 Hold. Therefore 78% are positive. Microchip Technology had 63 analyst reports since August 5, 2015 according to SRatingsIntel. Jefferies maintained Microchip Technology Incorporated (NASDAQ:MCHP) rating on Thursday, October 19. Jefferies has “Buy” rating and $106.0 target. The firm has “Buy” rating given on Tuesday, August 9 by Citigroup. The stock of Microchip Technology Incorporated (NASDAQ:MCHP) has “Buy” rating given on Tuesday, June 6 by Susquehanna. B. Riley & Co maintained the stock with “Buy” rating in Tuesday, November 7 report. As per Tuesday, November 7, the company rating was maintained by Credit Suisse. The firm earned “Buy” rating on Tuesday, April 4 by Summit Redstone Partners. Stifel Nicolaus maintained Microchip Technology Incorporated (NASDAQ:MCHP) on Thursday, August 3 with “Buy” rating. The firm has “Buy” rating given on Monday, September 11 by Jefferies. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, November 30. On Wednesday, November 1 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”.

Westfield Capital Management Company Lp, which manages about $17.38 billion and $13.02 billion US Long portfolio, decreased its stake in Old Dominion Fght Lines Inc (NASDAQ:ODFL) by 62,190 shares to 311,552 shares, valued at $34.31 million in 2017Q3, according to the filing. It also reduced its holding in Henry Jack & Assoc Inc (NASDAQ:JKHY) by 38,235 shares in the quarter, leaving it with 51,184 shares, and cut its stake in Lions Gate Entmnt Corp.

Since August 15, 2017, it had 0 buys, and 4 selling transactions for $853,949 activity. The insider Bjornholt James Eric sold 2,453 shares worth $200,876. SIMONCIC RICHARD J also sold $205,380 worth of Microchip Technology Incorporated (NASDAQ:MCHP) shares. On Tuesday, August 22 the insider DREHOBL STEPHEN V sold $251,894. $109,135 worth of stock was sold by MEYERCORD WADE F on Tuesday, August 15.

Investors sentiment increased to 1.15 in Q3 2017. Its up 0.15, from 1 in 2017Q2. It is positive, as 25 investors sold MCHP shares while 231 reduced holdings. 72 funds opened positions while 223 raised stakes. 239.62 million shares or 1.85% more from 235.26 million shares in 2017Q2 were reported. Barrow Hanley Mewhinney Strauss Lc has 0.52% invested in Microchip Technology Incorporated (NASDAQ:MCHP). Employees Retirement Association Of Colorado has invested 0.58% in Microchip Technology Incorporated (NASDAQ:MCHP). Aperio Gru Lc reported 104,618 shares. Apg Asset Mgmt Nv invested 0.02% in Microchip Technology Incorporated (NASDAQ:MCHP). Park Oh invested in 2,556 shares or 0.01% of the stock. Ny State Common Retirement Fund accumulated 526,914 shares or 0.06% of the stock. Zweig has invested 0.04% in Microchip Technology Incorporated (NASDAQ:MCHP). Charter Trust holds 3,125 shares. Woodmont Counsel Limited Liability Com invested in 0.27% or 11,005 shares. Oppenheimer Asset Incorporated owns 14,196 shares. Gam Ag has invested 0.05% in Microchip Technology Incorporated (NASDAQ:MCHP). Rhumbline Advisers stated it has 421,564 shares or 0.08% of all its holdings. Moreover, Johnson Counsel has 0.01% invested in Microchip Technology Incorporated (NASDAQ:MCHP) for 2,668 shares. Brookmont Cap Mgmt invested in 2.47% or 50,212 shares. Tower Rech Limited Company (Trc) has 0.01% invested in Microchip Technology Incorporated (NASDAQ:MCHP) for 1,587 shares.