Fastenal Company (FAST) : Mcdonald Capital Investors Incca scooped up 3,215 additional shares in Fastenal Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 2,099,493 shares of Fastenal Company which is valued at $97,605,430.Fastenal Company makes up approximately 10.28% of Mcdonald Capital Investors Incca’s portfolio.
Fastenal Company closed down -0.06 points or -0.13% at $46.49 with 20,92,548 shares getting traded on Friday. Post opening the session at $46.41, the shares hit an intraday low of $46.3222 and an intraday high of $46.83 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Moody Lynn Lieberson added FAST to its portfolio by purchasing 8,240 company shares during the most recent quarter which is valued at $383,078. Fastenal Company makes up approx 0.06% of Moody Lynn Lieberson’s portfolio. Winfield Associates added FAST to its portfolio by purchasing 1,100 company shares during the most recent quarter which is valued at $51,469. Fastenal Company makes up approx 0.03% of Winfield Associates’s portfolio.Duncker Streett Co Inc reduced its stake in FAST by selling 1,228 shares or 8.42% in the most recent quarter. The Hedge Fund company now holds 13,355 shares of FAST which is valued at $624,880. Fastenal Company makes up approx 0.23% of Duncker Streett Co Inc’s portfolio.Next Financial Group Inc boosted its stake in FAST in the latest quarter, The investment management firm added 420 additional shares and now holds a total of 2,560 shares of Fastenal Company which is valued at $116,813. Fastenal Company makes up approx 0.04% of Next Financial Group Inc’s portfolio.
On the company’s financial health, Fastenal Company reported $0.44 EPS for the quarter, based on the information available during the earnings call on Apr 12, 2016. Analyst had a consensus estimate of $0.44. The company had revenue of $986.70 million for the quarter, compared to analysts expectations of $988.57 million. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.
Many Wall Street Analysts have commented on Fastenal Company. Company shares were Reiterated by Barclays on Apr 8, 2016 to “Underweight”, Firm has raised the Price Target to $ 38 from a previous price target of $29 .Fastenal Company was Downgraded by Stifel to ” Hold” on Apr 1, 2016. Fastenal Company was Initiated by Sterne Agee CRT to “Neutral” on Mar 22, 2016.
Fastenal Company sells industrial and construction supplies to end-users (business-to-business) and also has some walk-in retail business. The Company’s product offerings include fasteners and other industrial and construction supplies many of which are sold under the Fastenal product name. The Company’s product line which it refers to as the fastener product line consists of two categories: threaded fasteners such as bolts nuts screws studs and related washers and miscellaneous supplies and hardware such as various pins and machinery keys concrete anchors metal framing systems wire rope strut rivets and related accessories. The Company’s product line includes fasteners cutting tools tools hydraulics and pneumatics material handling janitorial supplies electrical supplies welding supplies safety supplies metals direct ship and office supplies. It operates approximately 14 distribution centers in North America.