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

Bharti Airtel to merge with Tata telecom business
Tata's consumer mobile business operations and services will continue as normal until the completion of the transaction. Tata will also retain its stake in Viom and will take care of the liabilities associated with it.

John Flint named as HSBC's new chief executive, succeeding Stuart Gulliver
He also sold down assets and poured resources into Asia, where the bank now makes tidy profits. HSBC has named a new Chief Executive to replace the departing Stuart Gulliver .

USA to withdraw from UNESCO
The state department said it would establish an observer mission at the Paris-based organization to replace its representation. The US had stopped funding UNESCO after it voted to include Palestine as a member in 2011 but it did maintain a UNESCO office.

Juan Martin del Potro battles past Alexander Zverev at Shanghai Masters
Sixth-seeded Grigor Dimitrov also advanced, but had to save three match points before beating Ryan Harrison 3-6, 6-3, 7-6 (6). The victor of that match may well meet Roger Federer in the semi-finals - a man whom Del Potro downed at the US Open.

Premier League rules out playing Christmas Eve match at 16.00 GMT
Given his say, Wenger admitted at his weekly press conference that he would rather not kick off any later than 2pm if Arsenal are asked to play on Christmas Eve.

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.

Arvind Kejriwal's blue Wagon R stolen from outside Delhi Secretariat
Not just the iconic auto , the software engineer also wanted a refund of the money he and his wife donated to the party. The auto was donated to Kejriwal by Kundan Sharma, a software enginner, in January 2013.

Juniper Networks Inc (NYSE:JNPR) Institutional Investor Sentiment Is 2.27
Fiduciary Finance Svcs Of The Southwest Tx holds 1.82% of its portfolio in Pfizer Inc. (NYSE: JNPR ) for 875,538 shares. The network equipment provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03.

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 .

(TMO); MDC Holdings (MDC) Sentiment Is 1.48
The rating was initiated by Deutsche Bank with "Buy" on Thursday, January 7. (NYSE:TMO) on Monday, January 11 with "Buy" rating. The medical research company reported $2.30 EPS for the quarter, topping the Zacks' consensus estimate of $2.27 by $0.03.

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.

Hrithik Roshan to romance Vaani Kapoor in YRF's action entertainer
After her Bollywood debut, she went on to do a Tamil film and most recently starred in YRF's Befikre opposite Ranveer Singh. On the occasion of legendary filmmaker Yash Chopra's 85th birth anniversary, the makers announced the project.

How Long Will These Cooler Temperatures Last?
After Tuesday's front we've enjoyed some cooler temperatures and a break from the sunshine, in the form of added cloud coverage. Tuesday is beginning with mild temperatures, in the 60s and lower 70s - again, that's akin to a typical mid-summer morning.

Samsung Galaxy J2 (2017) surfaces online
Another key area, in which the Xiaomi Redmi 4 gives the Samsung Galaxy J2 (2017) a run for its money, is the battery capacity. In terms of storage, the device comes with 8GB internal storage that can be further expanded up to 128GB via microSD card.

After new autopsy discovery from police, Davido speaks on Tagbo's death
Edgal also made it known that Davido had lied about knowing of Tagbo's passing when he was at DNA Night Club, Victoria Island. Tagbo Umeike, friend of Nigerian entertainer, Davido died from suffocation, the police in Lagos has said.