Wedgewood Partners INC Maintains Holding in Fastenal Co (FAST)

November 15, 2017 - By Dolores Ford

Investors sentiment increased to 1.29 in 2017 Q2. Its up 0.25, from 1.04 in 2017Q1. It is positive, as 56 investors sold FAST shares while 168 reduced holdings. 70 funds opened positions while 218 raised stakes. 231.14 million shares or 0.61% more from 229.74 million shares in 2017Q1 were reported. Cullinan Associate Incorporated owns 111,351 shares or 0.38% of their US portfolio. Palisade Asset Mgmt Ltd Liability Corp holds 0.22% or 25,797 shares. Ontario – Canada-based Cibc Mkts has invested 0.01% in Fastenal Company (NASDAQ:FAST). Carroll Fincl Assocs Inc holds 0.06% or 11,748 shares in its portfolio. Eads & Heald Invest Counsel reported 18,519 shares. Nomura has invested 0% of its portfolio in Fastenal Company (NASDAQ:FAST). 16,795 are owned by Segall Bryant Hamill Limited Liability. Penobscot Inv Inc has 4,820 shares. Armstrong Henry H Associate invested in 0.37% or 44,480 shares. M&T Bank holds 71,098 shares. Beck Mack & Oliver Limited Liability Com reported 7,000 shares. Nordea Investment Management Ab holds 0.01% in Fastenal Company (NASDAQ:FAST) or 58,419 shares. Comerica Secs has invested 0.08% in Fastenal Company (NASDAQ:FAST). Oakworth owns 450 shares. Virtus Invest Advisers owns 7,755 shares.

Since May 25, 2017, it had 1 buying transaction, and 0 selling transactions for $43,760 activity.

Wedgewood Partners Inc increased its stake in Fastenal Co (FAST) by 50.68% based on its latest 2017Q2 regulatory filing with the SEC. Wedgewood Partners Inc bought 1.17 million shares as the company’s stock declined 14.06% while stock markets rallied. The institutional investor held 3.47 million shares of the building materials company at the end of 2017Q2, valued at $151.22 million, up from 2.31 million at the end of the previous reported quarter. Wedgewood Partners Inc who had been investing in Fastenal Co for a number of months, seems to be bullish on the $13.70 billion market cap company. The stock rose 0.44% or $0.21 reaching $47.68 per share. About 7,213 shares traded. Fastenal Company (NASDAQ:FAST) has declined 2.09% since November 15, 2016 and is downtrending. It has underperformed by 18.79% the S&P500.

Wedgewood Partners Inc, which manages about $5.30 billion and $3.27 billion US Long portfolio, decreased its stake in Paypal Holdings by 1.40 million shares to 3.50M shares, valued at $187.87M in 2017Q2, according to the filing. It also reduced its holding in Qualcomm (NASDAQ:QCOM) by 808,739 shares in the quarter, leaving it with 3.27M shares, and cut its stake in Priceline (NASDAQ:PCLN).

More news for Fastenal Company (NASDAQ:FAST) were recently published by:, which released: “Why Is Fastenal (FAST) Up 6.9% Since the Last Earnings Report?” on November 13, 2017.‘s article titled: “Fastenal Company (Nasdaq: FAST) to Ring The Nasdaq Stock Market Opening Bell …” and published on November 03, 2017 is yet another important article.

Fastenal Company (NASDAQ:FAST) Ratings Coverage

Among 17 analysts covering Fastenal (NASDAQ:FAST), 9 have Buy rating, 0 Sell and 8 Hold. Therefore 53% are positive. Fastenal had 47 analyst reports since July 21, 2015 according to SRatingsIntel. BMO Capital Markets maintained Fastenal Company (NASDAQ:FAST) on Tuesday, July 11 with “Hold” rating. The rating was downgraded by Stifel Nicolaus to “Hold” on Friday, April 1. The firm earned “Buy” rating on Tuesday, March 8 by Argus Research. The stock of Fastenal Company (NASDAQ:FAST) earned “Buy” rating by Robert W. Baird on Thursday, October 12. Stifel Nicolaus maintained the shares of FAST in report on Thursday, October 12 with “Hold” rating. The stock of Fastenal Company (NASDAQ:FAST) has “Buy” rating given on Wednesday, October 14 by Stifel Nicolaus. The firm has “Market Perform” rating given on Thursday, April 7 by Avondale. The company was upgraded on Monday, December 5 by William Blair. As per Thursday, July 13, the company rating was maintained by Stifel Nicolaus. Stifel Nicolaus maintained the shares of FAST in report on Thursday, March 17 with “Buy” rating.

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