The 4315 Shares in Fastenal (FAST) Acquired by Moors & Cabot Inc

Elias Hubbard
March 13, 2018

The institutional investor held 41,301 shares of the technology company at the end of 2017Q3, valued at $5.30 million, up from 3,486 at the end of the previous reported quarter. The firm has a market cap of $17,100.00, a P/E ratio of 30.19, a PEG ratio of 1.61 and a beta of 0.99. The stock increased 1.20% or $2.68 during the last trading session, reaching $226.12. Following the completion of the transaction, the insider now owns 26,250 shares in the company, valued at approximately $1,483,125. (NASDAQ:CPSI) has declined 20.44% since March 11, 2017 and is downtrending. It has outperformed by 1.87% the S&P500.

Moors & Cabot Inc. acquired a new stake in Fastenal (NASDAQ:FAST) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission.

Since October 16, 2017, it had 0 insider buys, and 3 selling transactions for $2.10 million activity. Cullinan Associates Inc. now owns 116,001 shares of the company's stock worth $6,344,000 after buying an additional 1,050 shares in the last quarter. Fastenal Co. now has $16.63 billion valuation. This represents a $1.48 annualized dividend and a dividend yield of 2.55%. About 2.63 million shares traded or 1.17% up from the average.

Fastenal Company (NASDAQ:FAST) had an increase of 24.62% in short interest. It has underperformed by 18.79% the S&P500. Raymond James Tru Na reported 0.07% of its portfolio in Fastenal Company (NASDAQ:FAST).

Among 15 analysts covering Summit Materials (NYSE:SUM), 13 have Buy rating, 0 Sell and 2 Hold. Therefore 87% are positive.

According to Zacks, analysts expect that Fastenal will report full year sales of $1.16 billion for the current financial year, with estimates ranging from $4.71 billion to $4.90 billion. The stock has "Hold" rating by Argus Research on Friday, October 14. Robert W. Baird restated a "buy" rating and issued a $57.00 price target on shares of Fastenal in a research note on Tuesday, March 6th. BMO Capital Markets maintained Fastenal Company (NASDAQ:FAST) rating on Monday, November 13. Avondale has "Market Perform" rating and $49 target. The firm earned "Sector Perform" rating on Friday, January 29 by RBC Capital Markets. Citigroup maintained it with "Buy" rating and $24 target in Monday, April 18 report. 10,000 shares valued at $471,350 were sold by Hein LeLand J on Monday, October 16. Morgan Stanley maintained the stock with "Equal-Weight" rating in Monday, October 2 report.

Investors sentiment decreased to 1.05 in Q3 2017. Its down 0.50, from 1.46 in 2017Q2.

Other hedge funds also recently added to or reduced their stakes in the company. It also reduced its holding in Douglasdynamics (NYSE:PLOW) by 17,948 shares in the quarter, leaving it with 57,548 shares, and cut its stake in Vishay (NYSE:VSH). Institutional investors and hedge funds own 84.03% of the company's stock. Mufg Americas Corporation stated it has 12,255 shares. Amg Funds Limited Liability has invested 1.47% in Fastenal Company (NASDAQ:FAST). Geode Mgmt Lc reported 0.06% in Fastenal Company (NASDAQ:FAST). Community And Investment Commerce accumulated 14,700 shares. State Of Alaska Department Of Revenue has 0.04% invested in Fastenal Company (NASDAQ:FAST). City accumulated 282 shares. Parametric Llc invested in 0.04% or 750,028 shares. Moreover, Towle & Co has 1.16% invested in the company for 9.94 million shares. Pennsylvania-based Stoneridge Invest Prns Ltd Liability Corp has invested 0.77% in Fastenal Company (NASDAQ:FAST). Beacon Group owns 144,160 shares or 1.19% of their USA portfolio. Grand Jean Mgmt Inc invested in 3.53% or 216,058 shares.

Check Capital Management Inc decreased Ibm (NYSE:IBM) stake by 8,873 shares to 222,700 valued at $32.31 million in 2017Q3. Beacon Investment Advisory Services Inc. bought a new position in Fastenal in the third quarter worth about $303,000. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. Therefore 21% are positive. Fastenal had 65 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Pfizer Inc. The rating was initiated by Macquarie Research on Friday, August 26 with "Neutral". The firm has "Hold" rating by Stifel Nicolaus given on Monday, August 21. Stephens maintained the shares of FAST in report on Wednesday, October 11 with "Buy" rating. The rating was initiated by Cowen & Co on Wednesday, September 30 with "Market Perform". Zacks Investment Research upgraded shares of Fastenal from a "hold" rating to a "buy" rating and set a $58.00 price objective for the company in a research report on Friday, January 19th. The firm has "Sell" rating by Deutsche Bank given on Friday, August 5.

Investors sentiment decreased to 0.73 in Q3 2017. Its up 0.02, from 0.94 in 2017Q2. Mitsubishi Ufj Secs Holding Com Ltd invested in 220 shares. 106 funds opened positions while 620 raised stakes. 180.11 million shares or 0.28% less from 180.62 million shares in 2017Q2 were reported. California-based Wetherby Asset Mngmt has invested 0.71% in Pfizer Inc. (NASDAQ:FISV). Lombard Odier Asset Mgmt (Europe) Limited invested in 0.02% or 2,961 shares. 320,360 were reported by Apg Asset Mngmt Nv. (NASDAQ:FISV) for 15,956 shares. Ftb Advisors reported 97 shares. Martin Limited Liability Com invested in 108,693 shares or 3.91% of the stock. Oregon Public Employees Retirement Fund has invested 0.95% in Pfizer Inc. Lord Abbett Ltd Liability Com holds 0.03% or 217,200 shares. Burney has invested 0.07% of its portfolio in Fiserv, Inc. (NASDAQ:FISV). Ballentine Prtn Limited Liability Company has 3,596 shares for 0.03% of their portfolio. The Massachusetts-based Nichols & Pratt Advisers Ltd Liability Partnership Ma has invested 1.47% in Fastenal Company (NASDAQ:FAST). Andra Ap has invested 0.34% in Fiserv, Inc. State Treasurer State Of Michigan holds 87,436 shares or 0.03% of its portfolio.

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