Analysts See $0.67 EPS for Fastenal Company (FAST)

September 16, 2018 - By Andrea Bass

Fastenal Company (NASDAQ:FAST) LogoInvestors sentiment increased to 1.04 in 2018 Q2. Its up 0.21, from 0.83 in 2018Q1. It improved, as 47 investors sold Fastenal Company shares while 198 reduced holdings. 60 funds opened positions while 196 raised stakes. 237.15 million shares or 0.08% more from 236.95 million shares in 2018Q1 were reported.
Assetmark invested 0% of its portfolio in Fastenal Company (NASDAQ:FAST). Bankshares Of Mellon has 14.57 million shares for 0.19% of their portfolio. State Of Alaska Department Of Revenue holds 55,605 shares. Bnp Paribas Asset Holding Sa owns 259,722 shares for 0.1% of their portfolio. 32.15M were accumulated by Vanguard. State Of Wisconsin Invest Board reported 280,732 shares. Park Natl Corp Oh holds 0.01% or 4,453 shares. 20,673 were accumulated by Tower Research Cap Limited Company (Trc). The North Dakota-based Bell Financial Bank has invested 0.19% in Fastenal Company (NASDAQ:FAST). Connable Office holds 0.04% or 4,598 shares. Louisiana State Employees Retirement reported 16,900 shares. Bright Rock Mgmt Ltd Com holds 0.53% of its portfolio in Fastenal Company (NASDAQ:FAST) for 32,400 shares. 10,797 are held by Comerica Secs Incorporated. Aviva Public Limited Liability Corporation holds 0.04% or 145,680 shares in its portfolio. Gideon has invested 0.12% in Fastenal Company (NASDAQ:FAST).

Since April 25, 2018, it had 4 buys, and 1 sale for $1.35 million activity. On Wednesday, April 25 the insider Ancius Michael J bought $22,181. $1.56M worth of Fastenal Company (NASDAQ:FAST) was sold by Jansen James C. Owen Terry Modock had bought 2,000 shares worth $103,700. Another trade for 1,000 shares valued at $50,275 was bought by Lewis Holden.

Analysts expect Fastenal Company (NASDAQ:FAST) to report $0.67 EPS on October, 10.They anticipate $0.17 EPS change or 34.00 % from last quarter’s $0.5 EPS. FAST’s profit would be $192.25 million giving it 21.55 P/E if the $0.67 EPS is correct. After having $0.74 EPS previously, Fastenal Company’s analysts see -9.46 % EPS growth. The stock decreased 2.10% or $1.24 during the last trading session, reaching $57.76. About 3.32 million shares traded or 15.98% up from the average. Fastenal Company (NASDAQ:FAST) has risen 34.93% since September 16, 2017 and is uptrending. It has outperformed by 19.31% the S&P500.

Fastenal Company (NASDAQ:FAST) Ratings Coverage

Among 9 analysts covering Fastenal (NASDAQ:FAST), 3 have Buy rating, 1 Sell and 5 Hold. Therefore 33% are positive. Fastenal had 14 analyst reports since March 19, 2018 according to SRatingsIntel. The stock has “Hold” rating by Susquehanna on Thursday, April 12. The stock of Fastenal Company (NASDAQ:FAST) earned “Buy” rating by KeyBanc Capital Markets on Thursday, April 12. The stock has “Hold” rating by Stifel Nicolaus on Thursday, April 12. The stock of Fastenal Company (NASDAQ:FAST) earned “Neutral” rating by Robert W. Baird on Tuesday, July 3. As per Thursday, April 12, the company rating was maintained by Robert W. Baird. The firm earned “Hold” rating on Monday, March 19 by Susquehanna. The firm has “Hold” rating given on Monday, April 9 by BMO Capital Markets. The firm has “Market Perform” rating given on Thursday, July 12 by Wells Fargo. As per Wednesday, April 11, the company rating was maintained by Stephens. As per Thursday, April 12, the company rating was maintained by Wells Fargo.

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally. The company has market cap of $16.57 billion. It offers fasteners, and other industrial and construction supplies primarily under the Fastenal name. It has a 24.38 P/E ratio. The companyÂ’s fastener products include threaded fasteners, such as bolts, nuts, screws, studs, and related washers, which are used in manufactured products and building projects, as well as in the maintenance and repair of machines and structures.

More news for Fastenal Company (NASDAQ:FAST) were recently published by: Nasdaq.com, which released: “GMS or FAST: Which Is the Better Value Stock Right Now?” on August 27, 2018. Benzinga.com‘s article titled: “VantagePoint’s 5 Stocks To Watch: Uptrends In Discover And Progressive, Downtrends in Fastenal And Walmart” and published on August 27, 2018 is yet another important article.

Fastenal Company (NASDAQ:FAST) Institutional Positions Chart

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