EPS for Fastenal Company (FAST) Expected At $0.45

Lawrence Kim
January 14, 2018

Following the completion of the transaction, the insider now directly owns 59,323 shares of the company's stock, valued at approximately $3,170,814.35. The New York-based Palestra Capital Management Llc has invested 5.4% in the stock. The stock increased 3.06% or $0.15 during the last trading session, reaching $5.05. Commonwealth Bank of Australia now owns 2,429 shares of the company's stock worth $104,000 after purchasing an additional 753 shares in the last quarter. Nasdaq, Inc. (NDAQ) has risen 6.98% since January 13, 2017 and is uptrending. It has outperformed by 13.19% the S&P500.

Confluence Investment Management Llc increased its stake in Fastenal Co. Check Capital Management Inc who had been investing in Fastenal for a number of months, seems to be bullish on the $15.64 billion market cap company.

The most recent open market insider trade was Sell of 1,736 shares on a day where the closing price was 53.46. Fastenal Company (NASDAQ:FAST) has declined 2.09% since January 10, 2017 and is downtrending. It has underperformed by 16.70% the S&P500. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Therefore 53% are positive. Fastenal had 56 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Dover Corporation (NYSE:DOV) has "Buy" rating given on Friday, October 13 by Robert W. Baird. Barclays Capital maintained the stock with "Underweight" rating in Monday, October 5 report. Zacks Investment Research cut Fastenal Company from a hold rating to a sell rating in a report on Monday, January 9th. The stock has "Buy" rating by Stephens on Wednesday, October 11. The institutional investor held 44,695 shares of the building materials company at the end of 2017Q3, valued at $2.04 million, down from 61,317 at the end of the previous reported quarter. Amalgamated Bancorp holds 0.05% of its portfolio in Fastenal Company (NASDAQ:FAST) for 34,816 shares. The firm has "Buy" rating given on Tuesday, January 19 by Stifel Nicolaus. The rating was initiated by Sterne Agee CRT on Tuesday, March 22 with "Neutral". On Thursday, July 13 the stock rating was maintained by Stifel Nicolaus with "Hold".

Analysts await Nasdaq, Inc.

Analysts expect Fastenal Company (NASDAQ:FAST) to report $0.45 EPS on January, 17.They anticipate $0.05 EPS change or 12.50 % from last quarter's $0.4 EPS. SNBR's profit would be $7.96 million giving it 47.21 P/E if the $0.20 EPS is correct. During the same period in the previous year, the company posted $0.44 earnings per share. analysts predict that Fastenal will post 1.93 earnings per share for the current year.

Finally, QS Investors LLC grew its position in shares of Fastenal by 1.6% during the 2nd quarter. Its down 0.14, from 1.19 in 2017Q2. It increased, as 50 investors sold FAST shares while 161 reduced holdings. American Research & Management Co. raised its stake in shares of Fastenal Company by 191.5% in the second quarter. The investment professionals in our partner's database now have: 234.48 million shares, up from 231.14 million shares in 2017Q2. Thompson Davis And holds 0.05% or 613 shares. Mirae Asset Ltd holds 0.01% or 14,124 shares in its portfolio. 2,634 shares valued at $140,793 were sold by Polipnick Gary A. on Friday, December 15. The stock of Fastenal Company (NASDAQ:FAST) has "Buy" rating given on Thursday, November 16 by KeyBanc Capital Markets.

Joho Capital Llc holds 7.9% of its portfolio in Mohawk Industries, Inc. for 146,277 shares. Nomura Asset Ltd reported 42,541 shares. Advsr Ltd Limited Liability Corp reported 0.01% in Fastenal Company (NASDAQ:FAST). Check Capital Management Inc bought 213,100 shares as the company's stock declined 14.06% while stock markets rallied. Pnc Service holds 0.01% or 262,863 shares in its portfolio. Vanguard Group Inc has invested 0.07% in Fastenal Company (NASDAQ:FAST). Carl Domino holds 0.06% or 11,862 shares in its portfolio. Bank Of Nova Scotia has invested 0.02% in Fastenal Company (NASDAQ:FAST). Segall Bryant And Hamill Ltd has invested 0.02% in Fastenal Company (NASDAQ:FAST). Wealthtrust has 0.01% invested in Fastenal Company (NASDAQ:FAST) for 598 shares. During the same period in the previous year, the business earned $0.44 earnings per share.

Check Capital Management Inc, which manages about $796.94M and $1.67 billion US Long portfolio, decreased its stake in Berkshire Hathaway (Call) (BRKB) by 12,300 shares to 2.37 million shares, valued at $433.90M in 2017Q3, according to the filing.

Since August 15, 2017, it had 0 buys, and 3 selling transactions for $956,223 activity. The stock of Fastenal Company (NASDAQ:FAST) has "Buy" rating given on Wednesday, October 14 by Stifel Nicolaus. Hein LeLand J also sold $471,350 worth of Fastenal Company (NASDAQ:FAST) shares.

Since October 4, 2017, it had 0 insider purchases, and 1 insider sale for $419,881 activity. Shares for $344,080 were sold by DOLAN MICHAEL JOHN on Tuesday, August 15. $118,141 worth of stock was sold by Clouse Benjamin R on Monday, August 7. Cable Hill Partners LLC acquired a new position in shares of Fastenal during the 3rd quarter worth about $126,000. (NASDAQ:NDAQ) to report earnings on January, 30. Therefore 57% are positive. Boeing had 88 analyst reports since August 26, 2015 according to SRatingsIntel. As per Thursday, June 29, the company rating was maintained by Jefferies. The rating was maintained by RBC Capital Markets on Wednesday, August 23 with "Hold". The firm has "Hold" rating given on Monday, September 4 by Keefe Bruyette & Woods. Glg Llc who had been investing in Dover Corp for a number of months, seems to be bullish on the $16.13B market cap company. The rating was maintained by Morgan Stanley with "Equal-Weight" on Monday, October 2. The firm has "Overweight" rating by Morgan Stanley given on Thursday, June 23. The firm has "Hold" rating by RBC Capital Markets given on Wednesday, January 3.

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