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Unusual Activity Sighted in Fastenal Company (NASDAQ:FAST) Shares

12 October 2017

The company's market cap is $12.95 Billion, and the average volume is 3.1 Million. The Firm is an equipment rental company, which operates throughout the United States and Canada. The Company is engaged in fastener distribution, and non-fastener maintenance and supply business. It has a 24.28 P/E ratio. QS Investors LLC lifted its position in shares of Fastenal by 1.6% in the second quarter. Its up 0.25, from 1.04 in 2017Q1. BidaskClub raised shares of Fastenal from a "sell" rating to a "hold" rating in a report on Tuesday, June 13th. The hedge funds in our partner's database now have: 231.14 million shares, up from 229.74 million shares in 2017Q1. Tnb reported 0.04% stake.

Waking on tracing line of previous stocks, Monsanto Company (NYSE:MON) [Trend Analysis] also making a striking appeal, share price swings at $119.80 with percentage change of 0.21% in most recent trading session. Whitnell And has invested 0.14% of its portfolio in Fastenal Company (NASDAQ:FAST). Cantab Capital Prtn Llp reported 0% in Fastenal Company (NASDAQ:FAST).

Looking into last 5 trades, the stock observed a return of nearly -2.50%. Counselors stated it has 0.03% in Fastenal Company (NASDAQ:FAST). Grandeur Peak Advisors has invested 1.38% of its portfolio in Fastenal Company (NASDAQ:FAST). Cipher Cap Ltd Partnership reported 32,203 shares. Tru Department Mb Retail Bank N A owns 3,320 shares for 0.02% of their portfolio. Nordea Invest Mgmt reported 58,419 shares or 0.01% of all its holdings. Following the completion of the sale, the director now directly owns 378,454 shares of the company's stock, valued at approximately $18,994,606.26. It improved, as 41 investors sold CE shares while 138 reduced holdings.

According to Fastenal Company (FAST) most recent 13F filing, the company has 75 new institutional holders - accounting for 4.22 million shares of its common stock.

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Among 17 analysts covering Fastenal (NASDAQ:FAST), 9 have Buy rating, 0 Sell and 8 Hold. Therefore 53% are positive. The Higher end of the revenue forecast is $1.08 Billion, while the Lower end of the forecast is $1.04 Billion. FAST's latest closing price was -3.33% away from the average price of 200 days while it maintained a distance of 2.68% from the 50 Day Moving Average and -1.00% away compared to its SMA 20. Fastenal had 46 analyst reports since July 21, 2015 according to SRatingsIntel. Zacks Investment Research upgraded Fastenal from a "hold" rating to a "buy" rating and set a $48.00 price objective on the stock in a research note on Thursday, August 3rd. Wells Fargo & Company reaffirmed a "market perform" rating and issued a $47.00 target price (down from $51.00) on shares of Fastenal in a report on Wednesday, July 12th. On Friday, October 14 the stock rating was downgraded by Argus Research to "Hold". As per Thursday, May 11, the company rating was maintained by IBC. BMO Capital Markets maintained the stock with "Hold" rating in Tuesday, July 11 report. Boenning & Scattergood maintained the stock with "Buy" rating in Wednesday, June 7 report. The firm has "Outperform" rating by Robert W. Baird given on Wednesday, July 12. The firm earned "Buy" rating on Tuesday, August 1 by Boenning & Scattergood. The stock of Fastenal Company (NASDAQ:FAST) earned "Neutral" rating by Credit Suisse on Wednesday, October 14.

Since May 25, 2017, it had 1 insider purchase, and 0 selling transactions for $43,760 activity.

Now insiders hold 25,998,801 shares in the business which makes up 8.99% of shares. Finally, Ironwood Investment Management LLC lifted its position in shares of Fastenal by 1.2% in the first quarter. Moreover, Castleark Limited Company has 0.05% invested in Fastenal Company (NASDAQ:FAST). The firm has price to earnings growth of 2.36, which is a valuation metric for determining relative trade-off among price of a stock. Herndon Capital Management Llc, a Georgia-based fund reported 121,870 shares. Credit Suisse Group AG set a $52.00 target price on shares of Fastenal Company and gave the company a "buy" rating in a research report on Thursday, May 4th.

Among 19 analysts covering Xylem (NYSE:XYL), 12 have Buy rating, 0 Sell and 7 Hold. And then on the other side of the spectrum one analyst entrenched in the bullish camp has a target as high as $55. While the stock price moved along with the volume change, shares are touching $43.95 at the time of writing.