Economy

Analyst Commentary On Fastenal Company (FAST), Emergent BioSolutions Inc. (EBS)

COPYRIGHT VIOLATION WARNING: "Analysts Offer Predictions for Fastenal Company's Q3 2017 Earnings (FAST)" was published by TrueBlueTribune and is the sole property of of TrueBlueTribune. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.11 billion.

Fastenal Co (NASDAQ:FAST) institutional sentiment increased to 1.29 in 2017 Q2. QS Investors LLC lifted its position in shares of Fastenal by 1.6% in the second quarter. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. The hedge funds in our partner's database now own: 231.14 million shares, up from 229.74 million shares in 2017Q1.

Fastenal Company (NASDAQ:FAST) is struggling to gain traction with investors, as evidenced by its 4.24 million shares volume. Curbstone Financial Management Corp now owns 5,653 shares of the company's stock valued at $246,000 after acquiring an additional 60 shares in the last quarter. Fastenal Company accounts for about 3.0% of Neuburgh Advisers LLC's investment portfolio, making the stock its 3rd largest position. The share price has moved backward from its 20 days moving average, trading at a distance of -0.07% and stays 3.58% away from its 50 days moving average. Yhb Invest has invested 0.31% in Fastenal Company (NASDAQ:FAST). The company has a market capitalization of $13.19 billion, a P/E ratio of 25.20 and a beta of 1.00.

Fastenal Company (NASDAQ:FAST) last released its earnings results on Wednesday, April 12th. The company reported $0.46 EPS for the quarter, hitting analysts' consensus estimates of $0.46. Return on assets is 19.00% and Return on equity (ROE) is 26.90% while it's Return on Investment (ROI) of 21.80%. During the same quarter a year ago, the business posted $0.44 EPS. For the quarter ending Mar-18, 5 analysts have a mean sales target of 1,145.79 million whilst for the year ending Dec-17, 17 analysts have a mean target of 4,354.83 million. Northcoast Research also issued estimates for Fastenal's FY2017 earnings at $1.94 EPS. In the most recent quarter, institutional ownership increased by a net of 649475 shares, or 0.27%.This is a bullish sign and indicates that institutions are feeling more optimistic about the outlook for FAST overall.329 holders increased their positions, 282 decreased their positions, and 95 holders held their positions. This represents a $1.28 dividend on an annualized basis and a yield of 2.94%. Fastenal Company's dividend payout ratio is presently 73.99%.

Among 4 analysts covering Adaptimmune Therapeutics PLC (NASDAQ:ADAP), 2 have Buy rating, 1 Sell and 1 Hold. BidaskClub raised Fastenal from a "sell" rating to a "hold" rating in a research note on Tuesday, June 13th.

While considering EPS estimates of the company, it has next quarter growth estimates of 0.45 whereas during current year it has 1.92 estimations over growth, comparing to the estimations of 2.11 during next year.

A number of other equities analysts have also recently commented on FAST. Morgan Stanley reissued an "equal weight" rating and set a $43.00 target price (down previously from $46.00) on shares of Fastenal in a research report on Monday, June 26th. Stifel Nicolaus reissued a "hold" rating and set a $46.00 price target (up from $45.00) on shares of Fastenal in a research note on Friday, July 14th. The brokerage presently has a "buy" rating on the stock. The stock has a consensus rating of "Buy" and a consensus price target of $50.53.

Fastenal announced that its board has approved a share buyback program on Tuesday, July 11th that permits the company to buyback 5,000,000 outstanding shares. The shares were bought at an average cost of $42.71 per share, with a total value of $25,626.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stephen L. Eastman bought 800 shares of the stock in a transaction on Tuesday, August 22nd. The insider now holds 2,098 shares of Fastenal Company (FAST). The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 3,400 shares of company stock worth $142,960.

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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