Fastenal Company (FAST) : Mcdonald Capital Investors Incca scooped up 35,336 additional shares in Fastenal Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 2,134,829 shares of Fastenal Company which is valued at $89,790,908.Fastenal Company makes up approximately 9.13% of Mcdonald Capital Investors Incca’s portfolio.
Other Hedge Funds, Including , Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in FAST in the latest quarter, The investment management firm added 2,778 additional shares and now holds a total of 45,305 shares of Fastenal Company which is valued at $1,905,528. Fastenal Company makes up approx 0.05% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.Strs Ohio boosted its stake in FAST in the latest quarter, The investment management firm added 11,197 additional shares and now holds a total of 23,561 shares of Fastenal Company which is valued at $987,206.Ls Investment Advisors boosted its stake in FAST in the latest quarter, The investment management firm added 1,845 additional shares and now holds a total of 13,119 shares of Fastenal Company which is valued at $552,572. Fastenal Company makes up approx 0.04% of Ls Investment Advisors’s portfolio.
Fastenal Company closed down -0.02 points or -0.05% at $42.85 with 16,72,776 shares getting traded on Monday. Post opening the session at $42.98, the shares hit an intraday low of $42.79 and an intraday high of $43.12 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Fastenal Company reported $0.46 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jul 12, 2016. Analyst had a consensus of $0.48. The company had revenue of $1014.30 million for the quarter, compared to analysts expectations of $1023.17 million. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS.
Many Wall Street Analysts have commented on Fastenal Company. Morgan Stanley Initiated Fastenal Company on Jul 7, 2016 to “Equal-Weight”, Price Target of the shares are set at $46.Fastenal Company was Resumed by Credit Suisse to “Neutral” on Jun 17, 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.