Fastenal Company (FAST) Analysts See $0.66 EPS

June 20, 2018 - By Michael Collier

Fastenal Company (NASDAQ:FAST) LogoInvestors sentiment decreased to 0.83 in 2018 Q1. Its down 0.22, from 1.05 in 2017Q4. It worsened, 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.
Mairs And Power invested 2.02% of its portfolio in Fastenal Company (NASDAQ:FAST). Moreover, California Employees Retirement Sys has 0.05% invested in Fastenal Company (NASDAQ:FAST) for 649,097 shares. Mutual Of America Cap Mngmt Ltd Limited Liability Company invested in 0.03% or 36,977 shares. Numerixs Invest holds 0.09% or 7,100 shares. Grandfield & Dodd Llc has invested 0.1% of its portfolio in Fastenal Company (NASDAQ:FAST). Earnest Prtnrs Ltd Co owns 137 shares for 0% of their portfolio. Willis Investment Counsel has invested 0.94% of its portfolio in Fastenal Company (NASDAQ:FAST). Crow Point Ptnrs Ltd Liability Corp accumulated 296 shares or 0% of the stock. Glenmede Tru Co Na holds 0% of its portfolio in Fastenal Company (NASDAQ:FAST) for 439 shares. Utah Retirement Sys stated it has 0.06% in Fastenal Company (NASDAQ:FAST). Hl Ltd holds 1.81M shares or 1.75% of its portfolio. 141,055 are held by Hightower. Raymond James Trust Na accumulated 41,662 shares. Comerica Bancshares has 109,998 shares. Susquehanna Int Grp Incorporated Limited Liability Partnership stated it has 4,735 shares.

Since January 25, 2018, it had 4 buys, and 4 sales for $3.27 million activity. Eastman Stephen L. had bought 700 shares worth $35,219. Lewis Holden had bought 1,000 shares worth $50,275 on Monday, April 30. 2,000 shares valued at $103,700 were bought by Owen Terry Modock on Wednesday, June 6. The insider Drazkowski William Joseph sold $424,808. Jansen James C also sold $1.56 million worth of Fastenal Company (NASDAQ:FAST) on Tuesday, May 15. Miller Charles S. had sold 26,250 shares worth $1.48M on Thursday, January 25.

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. BMO Capital Markets maintained Fastenal Company (NASDAQ:FAST) rating on Monday, April 9. BMO Capital Markets has “Hold” rating and $5700 target. The rating was maintained by Robert W. Baird with “Buy” on Thursday, April 12. The firm has “Buy” rating by KeyBanc Capital Markets given on Friday, March 16. The firm has “Hold” rating given on Monday, January 8 by BMO Capital Markets. The firm earned “Buy” rating on Wednesday, January 17 by Credit Suisse. Susquehanna maintained the stock with “Hold” rating in Friday, January 12 report. The firm earned “Buy” rating on Tuesday, March 6 by Robert W. Baird. The stock has “Buy” rating by KeyBanc Capital Markets on Thursday, April 12. The rating was maintained by Susquehanna with “Hold” on Thursday, January 18. On Thursday, April 12 the stock rating was maintained by Susquehanna with “Hold”.

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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