03 June, 2017
$45.67's average target is 4.72% above currents $43.61 stock price. FAST was included in 30 notes of analysts from July 21, 2015. The original version of this report can be viewed at https://baseballnewssource.com/markets/commerce-bank-acquires-5634-shares-of-fastenal-company-fast-updated/825947.html. Also, CFO Holden Lewis bought 1,000 shares of the stock in a transaction that occurred on Thursday, May 25th. On Thursday, January 12 the stock rating was upgraded by Avondale to "Mkt Outperform". They set a "neutral" rating and a $46.00 price target on the stock.
4/12/2017-BMO Capital Markets Reiterated Rating of Hold. Raymond James Financial, Inc. raised Fastenal Company from a "market perform" rating to a "buy" rating and set a $50.00 price objective for the company in a report on Wednesday, April 19th. Finally, Credit Suisse Group AG set a $52.00 price objective on Fastenal Company and gave the company a "buy" rating in a research note on Thursday, May 4th. $32,246 worth of stock was sold by Hanser Robert M. on Monday, May 1.
Ohio Valley Banc Corporation (NASDAQ:OVBC) had a decrease of 6.67% in short interest. It also upped O Reilly Automotive Inc (NASDAQ:ORLY) stake by 6,110 shares and now owns 65,674 shares.
On 4/11/2016 Fastenal Company announced a quarterly dividend of $0.30 2.65% with an ex dividend date of 4/22/2016 which will be payable on 5/24/2016. The SI to Ohio Valley Banc Corporation's float is 0.07%. Janus Capital Management Ltd Liability Company holds 0% or 486,104 shares. About shares traded. Ohio Valley Banc Corp. It has outperformed by 92.93% the S&P500.
Fastenal Company, launched on December 24, 1968, is involved in wholesale distribution of industrial and construction supplies.
Fastenal Company now has a P/E ratio of 24.92 and market capitalization is 12.61B. The Company is engaged in fastener distribution, and non-fastener maintenance and supply business. It has a 24.72 P/E ratio. As of December 31, 2016, it distributed these supplies through a network of approximately 2,500 stores. Fastenal Company (NASDAQ:FAST) last posted its earnings results on Wednesday, April 12th. The company reported $0.46 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.46. FAST's profit will be $141.46 million for 22.25 P/E if the $0.49 EPS becomes a reality.
The sales growth quarter on quarter is at 6.20% while the total number of outstanding shares are at 289.24. The stock increased 1.14% or $0.44 during the last trading session, reaching $38.95. About 2.30 million shares traded.
News headlines about Fastenal Company (NASDAQ:FAST) have been trending somewhat positive this week, Alpha One Sentiment reports. It has underperformed by 18.79% the S&P500.
Investors sentiment increased to 1.2 in Q4 2016. The dividend was $0.320 per share for the quarter which comes to $1.28 on an annualized basis. It increased, as 53 investors sold Fastenal Company shares while 178 reduced holdings. 88 funds opened positions while 189 raised stakes. Zacks Investment Research upgraded shares of Fastenal Company from a "hold" rating to a "buy" rating and set a $56.00 target price on the stock in a report on Tuesday, February 28th. Cadence Capital Mngmt Ltd Com reported 37,071 shares stake. The stock of Fastenal Company (NASDAQ:FAST) has "Buy" rating given on Thursday, March 17 by Stifel Nicolaus. Kcg Inc invested 0.03% of its portfolio in Fastenal Company (NASDAQ:FAST). Enterprise Finance Serv Corp reported 0.15% stake. Diversified Inv Strategies Ltd Llc holds 80,470 shares or 3.96% of its portfolio. Albert D Mason Inc. now owns 8,300 shares of the company's stock valued at $427,000 after buying an additional 130 shares during the period. Moreover, Glob X Management Communication Ltd Co has 0.01% invested in Fastenal Company (NASDAQ:FAST) for 4,516 shares. Citadel Advsr Limited Liability Company accumulated 1.95 million shares. Wexford Cap Limited Partnership holds 0.02% or 4,565 shares in its portfolio.
Another recent and important Fastenal Company (NASDAQ:FAST) news was published by Seekingalpha.com which published an article titled: "Analyzing Fastenal Management Compensation" on May 22, 2017. State Street invested in 0.05% or 11.99 million shares. Marathon Cap Management holds 1% or 244,000 shares in its portfolio. $753,025 worth of stock was sold by CASINI VICTOR M on Tuesday, March 14.
About 3.41 million shares traded or 17.18% up from the average. ZELNICK STRAUSS sold $2.75M worth of stock or 35,000 shares. In other words, the ratio reveals how effective the firm is at turning shareholder investment into company profits. The Company's financial service activities are aggregated in two divisions: banking and consumer finance.
Since December 20, 2016, it had 1 buying transaction, and 10 selling transactions for $5.02 million activity. Its up 0.17, from 1.03 in 2016Q3.
Other hedge funds have also modified their holdings of the company. 241,913 shares or 1.76% more from 237,739 shares in 2016Q3 were reported. (NASDAQ:OVBC). Pnc Fincl Svcs Gru Inc invested in 0% or 465 shares. (NASDAQ:OVBC). Dimensional Fund Lp reported 49,992 shares. The Texas-based Bridgeway Capital has invested 0.01% in Ohio Valley Banc Corp.
TRADEMARK VIOLATION WARNING: "Madison Investment Holdings Inc". State Of Wisconsin Board has 25,533 shares for 0.01% of their portfolio. Blackrock Institutional Trust Na has 25,438 shares. Mariner Wealth Advisors Limited Liability has 21,008 shares. We have $47.79 PT which if reached, will make NASDAQ:FAST worth $1.03B more. Daiwa Secs Grp Inc owns 7,450 shares or 0% of their U.S. portfolio. Crestpoint Capital Mgmt Limited Company owns 18,100 shares.
