As Fastenal Company (FAST) Valuation Declined, Holder River Road Asset Management Has Lowered by $1.78 Million Its Position; Washington Capital Management Lowered F M C (FMC) Position by $1.43 Million; Stock Price Rose

February 18, 2018 - By Matt Maslow

Washington Capital Management Inc decreased its stake in F M C Corp (FMC) by 46.79% based on its latest 2017Q3 regulatory filing with the SEC. Washington Capital Management Inc sold 16,025 shares as the company’s stock rose 27.61% with the market. The institutional investor held 18,225 shares of the major chemicals company at the end of 2017Q3, valued at $1.63 million, down from 34,250 at the end of the previous reported quarter. Washington Capital Management Inc who had been investing in F M C Corp for a number of months, seems to be less bullish one the $11.19 billion market cap company. The stock decreased 2.22% or $1.89 during the last trading session, reaching $83.35. About 1.30M shares traded or 4.51% up from the average. FMC Corporation (NYSE:FMC) has risen 62.57% since February 18, 2017 and is uptrending. It has outperformed by 45.87% the S&P500.

River Road Asset Management Llc decreased its stake in Fastenal Company (FAST) by 2.18% based on its latest 2017Q3 regulatory filing with the SEC. River Road Asset Management Llc sold 39,543 shares as the company’s stock declined 14.06% while stock markets rallied. The institutional investor held 1.77M shares of the building materials company at the end of 2017Q3, valued at $80.69 million, down from 1.81 million at the end of the previous reported quarter. River Road Asset Management Llc who had been investing in Fastenal Company for a number of months, seems to be less bullish one the $15.75 billion market cap company. The stock decreased 1.65% or $0.92 during the last trading session, reaching $54.75. About 1.99 million shares traded. Fastenal Company (NASDAQ:FAST) has declined 2.09% since February 18, 2017 and is downtrending. It has underperformed by 18.79% the S&P500.




River Road Asset Management Llc, which manages about $10.26B and $5.10B US Long portfolio, upped its stake in General Motors Company (NYSE:GM) by 29,513 shares to 345,183 shares, valued at $13.94M in 2017Q3, according to the filing. It also increased its holding in Interpublic Group Of Companies (NYSE:IPG) by 1.24M shares in the quarter, for a total of 3.23 million shares, and has risen its stake in Nielsen Holdings Plc.

Investors sentiment increased to 1.3 in Q3 2017. Its up 0.01, from 1.29 in 2017Q2. It is positive, as 50 investors sold FAST shares while 161 reduced holdings. 62 funds opened positions while 213 raised stakes. 234.48 million shares or 1.45% more from 231.14 million shares in 2017Q2 were reported. Kentucky Retirement Insurance Trust Fund owns 7,649 shares. Moreover, Legal General Grp Public Ltd Liability Corporation has 0.05% invested in Fastenal Company (NASDAQ:FAST) for 1.50M shares. Assetmark Inc owns 0% invested in Fastenal Company (NASDAQ:FAST) for 2,029 shares. Parkside Commercial Bank And Trust reported 0.05% of its portfolio in Fastenal Company (NASDAQ:FAST). Caisse De Depot Et Placement Du Quebec invested 0% in Fastenal Company (NASDAQ:FAST). Sns Grp Inc Llc, a Minnesota-based fund reported 5,918 shares. Moreover, First Long Island Invsts Llc has 2.34% invested in Fastenal Company (NASDAQ:FAST). Comml Bank Of America De has 2.04 million shares. Moreover, Manning And Napier Advisors Lc has 0.03% invested in Fastenal Company (NASDAQ:FAST). Hutchin Hill Capital Lp holds 0.02% or 10,110 shares in its portfolio. Amg Funds Limited Liability accumulated 58,902 shares. Eads And Heald Counsel owns 18,584 shares or 0.53% of their US portfolio. Grandeur Peak Advsr Ltd Liability owns 232,600 shares. Inv Management Of Virginia Limited Company accumulated 157,840 shares or 1.69% of the stock. Jennison Assocs stated it has 0.07% of its portfolio in Fastenal Company (NASDAQ:FAST).

Among 17 analysts covering Fastenal (NASDAQ:FAST), 9 have Buy rating, 0 Sell and 8 Hold. Therefore 53% are positive. Fastenal had 63 analyst reports since July 21, 2015 according to SRatingsIntel. Susquehanna maintained Fastenal Company (NASDAQ:FAST) rating on Thursday, January 18. Susquehanna has “Hold” rating and $53.0 target. The stock of Fastenal Company (NASDAQ:FAST) has “Neutral” rating given on Wednesday, October 14 by Credit Suisse. The stock of Fastenal Company (NASDAQ:FAST) earned “Hold” rating by Susquehanna on Friday, January 12. The rating was maintained by Avondale with “Market Perform” on Monday, March 21. The rating was maintained by Stifel Nicolaus with “Hold” on Monday, January 8. Credit Suisse maintained it with “Buy” rating and $61.0 target in Tuesday, January 9 report. Stifel Nicolaus maintained the shares of FAST in report on Tuesday, January 19 with “Buy” rating. The rating was maintained by BMO Capital Markets on Monday, January 8 with “Hold”. The stock has “Hold” rating by Argus Research on Friday, October 14. As per Tuesday, March 22, the company rating was initiated by Sterne Agee CRT.

Since August 15, 2017, it had 0 buys, and 3 sales for $2.10 million activity. Another trade for 8,000 shares valued at $344,080 was made by DOLAN MICHAEL JOHN on Tuesday, August 15. $471,350 worth of stock was sold by Hein LeLand J on Monday, October 16. 26,250 Fastenal Company (NASDAQ:FAST) shares with value of $1.48M were sold by Miller Charles S..

Washington Capital Management Inc, which manages about $2.95 billion and $94.10M US Long portfolio, upped its stake in Vanguard Index Fds (VTI) by 4,000 shares to 33,703 shares, valued at $4.37 million in 2017Q3, according to the filing.

Investors sentiment increased to 1.09 in 2017 Q3. Its up 0.18, from 0.91 in 2017Q2. It improved, as 36 investors sold FMC shares while 164 reduced holdings. 77 funds opened positions while 141 raised stakes. 118.19 million shares or 0.61% less from 118.92 million shares in 2017Q2 were reported. California Pub Employees Retirement reported 307,340 shares stake. 210 were accumulated by Parkside Savings Bank Trust. Commonwealth Of Pennsylvania Pub School Empls Retrmt, Pennsylvania-based fund reported 12,815 shares. Caisse De Depot Et Placement Du Quebec has 23,717 shares for 0% of their portfolio. Fifth Third Bankshares holds 29 shares. E&G Ltd Partnership has invested 0.2% in FMC Corporation (NYSE:FMC). Td Asset Mngmt invested 0.01% in FMC Corporation (NYSE:FMC). Utd Svcs Automobile Association holds 0.01% or 42,553 shares in its portfolio. Signature Inv Advsrs Limited Liability holds 0.08% in FMC Corporation (NYSE:FMC) or 8,485 shares. Nomura Asset Ltd reported 0.02% of its portfolio in FMC Corporation (NYSE:FMC). Prudential, New Jersey-based fund reported 185,924 shares. Oz Mgmt LP invested 0.8% in FMC Corporation (NYSE:FMC). Art Advisors holds 18,700 shares. Veritable Lp reported 7,450 shares stake. Westpac Banking has 0.02% invested in FMC Corporation (NYSE:FMC).

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