Fastenal Company (NASDAQ:FAST) Buckles Under The Trend Lines

Fastenal Company also was the target of unusually large options trading on Monday. Are investors supposed to sell when the stock hits the target? LS Investment Advisors LLC increased its position in Fastenal Company by 5.4% in the first quarter. Welch Forbes Ltd Llc has 10,295 shares. The share price of FAST has decreased by over -11.98% in the last six months. The share price is now down -18.05% for the past three months.

The number of shares traded in the last trading session was 7.05 Million. The Echo Street Capital Management Llc holds 104,754 shares with $4.92M value, up from 46,877 last quarter. Fuller & Thaler Asset Management Inc. increased its stake in Fastenal Company by 26.1% in the third quarter.

The share price of the company (NASDAQ:FAST) was up +0.86%, with a high of 45.02 during the day and the volume of Fastenal Company shares traded was 3747379. The stock's market capitalization is 12.81B, it has a 52-week low of 37.70 and a 52-week high of 52.74. The stock closing price is now trading upward to its 50 day moving average with change of 11.23%, escalated to its 20 day moving average with figure of 8.21% and above its 200 day moving average with value 41.27%. Currently, The Chemours Company net profit margin for the 12 months is at 1.93%. Fastenal Company also saw some unusual options trading activity on Monday.

Other equities analysts also recently issued research reports about the company. This is an increase of approximately 1,934% compared to the typical daily volume of 236 call options. Fastenal Company (NASDAQ:FAST) has a market cap of $12.18 Billion and the number of outstanding shares have been calculated 289.24 Million.

Fastenal Company (NASDAQ:FAST) last announced its quarterly earnings results on Wednesday, April 12th. Fastenal has $57 highest and $27 lowest target. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. Next quarter's EPS is expected be $0.48 and the next full year EPS is projected to be $2.05. The firm's quarterly revenue was up 6.2% compared to the same quarter a year ago. During current year the company's forecasts over growth are 8.1% while for the next year analysts' growth estimation is 9.6%. During the same period in the prior year, the firm posted $0.44 earnings per share. The ex-dividend date was Monday the 24th of April 2017. This represents a $1.28 annualized dividend and a yield of 2.87%. Suntrust Banks Inc. increased its stake in Fastenal Company by 0.8% in the first quarter. The company has a market cap of $12.30 billion, a PE ratio of 24.294 and a beta of 1.02. If you are viewing this piece on another site, it was illegally stolen and reposted in violation of USA & global trademark & copyright laws.

COPYRIGHT VIOLATION NOTICE: "Fastenal Company (FAST) Receiving Somewhat Positive News Coverage, Analysis Shows" was first reported by Sports Perspectives and is the property of of Sports Perspectives. BMO Capital Markets reissued a "hold" rating and set a $50.00 target price on shares of Fastenal Company in a research note on Wednesday, April 12th. Zacks Investment Research cut Fastenal Company from a buy rating to a hold rating in a research note on Tuesday, April 18th. Stifel Nicolaus maintained Fastenal Company (NASDAQ:FAST) rating on Thursday, March 17. The stock of Fastenal Company (NASDAQ:FAST) has "Buy" rating given on Thursday, March 17 by Stifel Nicolaus.

Brokerage houses, on average, are recommending investors to hold The Chemours Company (CC)'s shares projecting a $47 target price. Meanwhile, due to an ongoing pressure which caused a decline of nearly -5.24% in the past five days, the stock price is now up 77.55% so far on the year - still in strong territory.

04/19/2017 - Fastenal Company was upgraded to "outperform" by analysts at Raymond James.

A look at some of the inputs to technical analysis model shows how Fastenal Company current price compares to its recent moving averages. Looking at this figure it suggests that the shares of Fastenal Company (FAST) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Fastenal Company (FAST) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The correct version of this news story can be viewed at The shares were acquired at an average price of $44.75 per share, for a total transaction of $223,750.00. Following the completion of the purchase, the chief financial officer now owns 1,000 shares of the company's stock, valued at $43,760. The disclosure for this purchase can be found here.

Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. The Firm is engaged in fastener distribution, and non-fastener maintenance and supply business.

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