Zeke Capital Advisors LLC Grows Position in Fastenal

Trexquant Investment LP cut its stake in shares of Fastenal (NASDAQ:FAST) by 35.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. RiverPark Advisors LLC owned about 0.26% of Fastenal worth $34,481,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. FineMark National Bank & Trust lifted its position in shares of Fastenal by 40.1% in the second quarter. Seven Eight Capital LP now owns 9,700 shares of the company's stock worth $422,000 after acquiring an additional 3,900 shares during the last quarter. Krilogy Financial LLC now owns 3,530 shares of the company's stock valued at $154,000 after purchasing an additional 70 shares during the period. Korea Investment CORP raised its holdings in shares of Fastenal by 62.5% in the third quarter. Finally, Boston Financial Mangement LLC increased its holdings in shares of Fastenal by 2.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 23,487 shares of the company's stock worth $1,022,000 after acquiring an additional 8,655 shares during the last quarter. The stock of Fastenal Company (NASDAQ:FAST) earned "Neutral" rating by Credit Suisse on Friday, June 17.

Media stories about Fastenal Company (NASDAQ:FAST) have been trending somewhat positive on Thursday, Alpha One Sentiment Analysis reports. Below is a list of Fastenal Company (NASDAQ:FAST) latest ratings and price target changes. Stephens set a $54.00 target price on shares of Fastenal and gave the company a "buy" rating in a report on Wednesday, October 11th. William Blair maintained the stock with "Hold" rating in Tuesday, August 25 report. Of those analysts, 9 rate stock as a Strong Buy, 3 rate it as Hold, and just no analyst rates it as a Moderate Sell.

The average 1-year price target for Fastenal Company (FAST) - averaging the work of different analysts - reveals a mean PT of $51/share.

In related news, insider Terry Modock Owen sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $48.02, for a total transaction of $1,440,600.00.

In other news, VP Leland J. Hein sold 10,000 shares of the firm's stock in a transaction dated Monday, November 6th. Following the completion of the sale, the insider now owns 20,258 shares in the company, valued at $987,374.92.

The stock increased 1.14% or $3.38 during the last trading session, reaching $301.13. The stock decreased 1.80% or $0.99 during the last trading session, reaching $53.89.

Fastenal (NASDAQ FAST) opened at $53.43 on Thursday. Fastenal has a one year low of $39.79 and a one year high of $55.35. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.45 and a current ratio of 5.36. The company has a market capitalization of $15,487.47, a P/E ratio of 28.67, a P/E/G ratio of 2.00 and a beta of 1.08. Barclays Capital maintained Fastenal Company (NASDAQ:FAST) rating on Monday, October 5. The company reported $0.50 earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of $0.50. Fastenal Company had a net margin of 12.61% and a return on equity of 26.52%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the company posted $0.44 earnings per share.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. They expect this year's earnings to rise 11.56% year-over-year to $1.93, followed by 10.36% growth in the next year to $2.13. The ex-dividend date of this dividend was Tuesday, October 24th. Fastenal's payout ratio is now 68.09%.

COPYRIGHT VIOLATION WARNING: "Nuance Investments LLC Increases Holdings in Fastenal (FAST)" was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and worldwide copyright & trademark law. The original version of this report can be viewed at https://www.thelincolnianonline.com/2017/12/07/fastenal-fast-shares-sold-by-riverpark-advisors-llc.html.

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally. 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 fix of machines and structures. Fastenal Company (NASDAQ:FAST) has declined 2.09% since December 6, 2016 and is downtrending.

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