Fastenal Company (NASDAQ:FAST) on Focus After Report of More Shorts

Analysts forecast earnings per share of $0.50, up exactly $0.06 or 13.64 % from 2014's $0.44 EPS. The firm has "Buy" rating by Citigroup given on Tuesday, January 5. Sterne Agee CRT initiated Fastenal Company (NASDAQ:FAST) on Tuesday, March 22 with "Neutral" rating. For the most recent quarter, quick ratio was 2.40, current ratio was 5.50, LT Debt/Equity ratio was 0.22 and Total Debt/Equity ratio stands at 0.22, while Payout ratio is 68.30%. The business's revenue for the quarter was up 11.8% compared to the same quarter past year. The business's revenue for the quarter was up 10.6% on a year-over-year basis. They expect $1.92 EPS, up 14.97% or $0.25 from last year's $1.67 per share.

Investors sentiment increased to 1.29 in 2017 Q2. If you are accessing this news story on another website, it was stolen and republished in violation of U.S. and global copyright and trademark legislation. The legal version of this story can be viewed at

Several equities research analysts recently weighed in on the company. BMO Capital Markets maintained the stock with "Hold" rating in Tuesday, July 11 report. Morgan Stanley reaffirmed an "equal weight" rating and issued a $43.00 target price (down from $46.00) on shares of Fastenal in a report on Monday, June 26th. Jpmorgan Chase & holds 0% in Fastenal Company (NASDAQ:FAST) or 245,340 shares. Robert W. Baird raised shares of Fastenal from a "neutral" rating to an "outperform" rating and set a $53.00 target price on the stock in a report on Wednesday, July 12th. The firm earned "Buy" rating on Friday, June 2 by Stephens. Out of 17 Wall Street analysts rating Fastenal, 9 give it "Buy", 0 "Sell" rating, while 8 recommend "Hold".

Keeping an eyeball on Moving Averages, the 50-day is 43.72; the 200-day is at 44.33, for Fastenal Company (FAST). Fastenal has a 12-month low of $37.70 and a 12-month high of $52.74. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time. Ashmore Wealth Management Llc who had been investing in Fastenal Co for a number of months, seems to be less bullish one the $12.82 billion market cap company. Rikoon Group LLC acquired a new stake in Fastenal Company during the third quarter valued at $1,660,000. Its up 9.24% from 25.52 million shares previously. About shares traded. Fastenal Company (NASDAQ:FAST) has declined 2.09% since October 12, 2016 and is downtrending. The stock volatility for the week was 2.45% while for the month was 1.79%. Seven Eight Capital LP boosted its position in shares of Fastenal by 67.2% during the 2nd quarter. The Massachusetts-based Fayerweather Charles has invested 0.28% in Fastenal Company (NASDAQ:FAST). However, the institutional investors are observed to own 86.70% of the total shares. About shares traded. Celanese Corporation (NYSE:CE) has risen 21.48% since October 12, 2016 and is uptrending. Bamco Ny owns 1.05M shares. After a recent check, it is observed that the insiders for the firm now own 0.28% shares. The stock was acquired at an average cost of $40.58 per share, with a total value of $32,464.00. Boyd Watterson Asset Ltd Llc Oh owns 11,292 shares. The disclosure for this sale can be found here. Given that its average daily volume over the 30 days has been 3.10M shares a day, this signifies a pretty significant change over the norm.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 24th. This represents a $1.28 dividend on an annualized basis and a yield of 2.94%. Slightly noticeable ratio of firm is current ratio, which is standing at 5.50. It is positive, as 56 investors sold Fastenal Company shares while 168 reduced holdings. Corporate insiders own 0.55% of the company's stock.

Related News:

Most liked

Amblin's Adaptation of Stephen King's The Talisman Hires Josh Boone As Screenwriter
He'll need to venture across the States and enter The Territories to find the object that gives the book its title. Boone broke out as a helmer when he wrote and directed the box office hit " The Fault in Our Stars ".

Royal Bank of Canada Reaffirms Buy Rating for SunTrust Banks, Inc. (STI)
STI's 9-day MACD now sits below the 20-day MACD, indicating that STI's upside momentum has decreased during the last three weeks. It worsened, as 51 investors sold STI shares while 249 reduced holdings. 65 funds opened positions while 210 raised stakes.

Simple Moving Average Analysis of Fidelity National Information Services, Inc. (FIS)
The information technology services provider reported $1.02 EPS for the quarter, beating the consensus estimate of $0.97 by $0.05. According to Finviz reported data, The SMA20 of the stock is at 1.6 percent, SMA50 is 2.87 percent, while SMA200 is 11.3 percent.

China wants U.S. to recognise Pakistan's efforts to combat terrorism
A number of former and present ambassadors, congress and senate staffers, state department officials and prominent media persons were present on the occasion.

Police searching for endangered 8-year-old after triple murder
Law enforcement agencies throughout OH are searching for a 7-year-old boy that was abducted from a crime scene in Lawrence County. While investigating, authorities learned that Devin lived at that residence and had not been seen.

Oxford's 'zero-emissions zone' may be about to ban polluting vehicles
Starting in 2020, six streets in Oxford's city center will be free of smaller gas-guzzling vehicles, including buses and taxis.

Islamic State group claims Damascus police headquarters attack
Earlier in October, four suicide bombers killed 15 people when they blew themselves up in the al Midan district of Damascus .

Pakistan rescues North American family of five from 'terrorists'
Coleman was five-months pregnant at the time and the couple was backpacking through Central Asia. The family was being held by the Haqqani network.

Mint & Grey or Pink & White Shoes: Which Colors Is It? [ANSWER]
I see white & gold. "She texted back saying they are pink mum, but when she looked at the pic she saw blue too", Coulthard said. While social media fans were going insane over this latest optical illusion, it's nothing compared to "dressgate".

Talwars Acquitted In Daughter Aarushi's Murder By Allahabad High Court
The CBI court, presided by Additional Sessions Judge Shyam Lal, had, however, rejected the CBI's plea for death penalty in 2014. The benefit of doubt in this case seems to go in favour of Talwars , the High Court observed.

Smith on top in KL
Three players are tied for fifth with 66s: Kevin Na, Gary Woodland and Pat Perez. It was his second-worst round in his CIMB Classic career.

Anadarko Petroleum Corporation (APC) Shares Sold by Cornerstone Capital Management Holdings LLC
TheStreet upgraded shares of Anadarko Petroleum from a "d+" rating to a "c-" rating in a report on Friday, February 3rd. Perhaps, that suggests something about why 89.38% of the outstanding share supply is held by institutional investors.

WH Smith profit up; to start £50 mln share buyback
Trading profit at high street stores was flat at £62mln while total revenue fell 5% and like-for-like sales dropped 4%. He added the "economic environment remains uncertain", but said WH Smith is well-placed for the year ahead.

It's Prime Time: Amazon Offers New Prime Student Monthly Plan
The parent will need to setup the shipping address and payment method, after which point an invitation is sent back to the teen. The online retail giant said Wednesday that teens can now shop at Amazon on their own, if their parents let them.

After Gajendra Chauhan, now FTII students protest against new chairman Anupam Kher
Apart from this he has also appeared in several stage plays and authored a book with a title "The Best Things About You Is You'". In the past few days, Anupam has been busy promoting his production Ranchi Diaries , and he has also has film projects lined up.