Select Equity Group LP Has Cut By $24.89 Billion Its Trimble (TRMB) Position; Provident Investment Management Has Upped Fastenal Co (FAST) Stake By $1.71 Million

February 21, 2018 - By Dolores Ford

Provident Investment Management Inc increased Fastenal Co (FAST) stake by 6.63% reported in 2017Q3 SEC filing. Provident Investment Management Inc acquired 38,056 shares as Fastenal Co (FAST)’s stock declined 14.06%. The Provident Investment Management Inc holds 611,783 shares with $27.89 million value, up from 573,727 last quarter. Fastenal Co now has $15.64B valuation. The stock increased 0.26% or $0.14 during the last trading session, reaching $54.38. About 1.88M shares traded. Fastenal Company (NASDAQ:FAST) has declined 2.09% since February 21, 2017 and is downtrending. It has underperformed by 18.79% the S&P500.




Select Equity Group Lp decreased Trimble Inc (TRMB) stake by 20.21% reported in 2017Q3 SEC filing. Select Equity Group Lp sold 634,071 shares as Trimble Inc (TRMB)’s stock rose 13.95%. The Select Equity Group Lp holds 2.50 million shares with $98.25B value, down from 3.14 million last quarter. Trimble Inc now has $9.53 billion valuation. The stock decreased 1.75% or $0.68 during the last trading session, reaching $38.28. About 2.69 million shares traded or 163.07% up from the average. Trimble Inc. (NASDAQ:TRMB) has risen 51.45% since February 21, 2017 and is uptrending. It has outperformed by 34.75% the S&P500.

Since August 28, 2017, it had 0 buys, and 7 insider sales for $15.15 million activity. MATTHEWS DARRYL R also sold $143,583 worth of Trimble Inc. (NASDAQ:TRMB) on Wednesday, September 6. BERGLUND STEVEN W sold 200,000 shares worth $7.93 million. The insider Kliem Jurgen sold $1.72M. Shares for $14,118 were sold by KIRKLAND JAMES A on Thursday, August 31. PEEK MARK S had sold 10,000 shares worth $397,985. Gibson Chris also sold $2.03M worth of Trimble Inc. (NASDAQ:TRMB) on Wednesday, August 30.

Analysts await Trimble Inc. (NASDAQ:TRMB) to report earnings on April, 26. They expect $0.34 EPS, up 17.24% or $0.05 from last year’s $0.29 per share. TRMB’s profit will be $84.63 million for 28.15 P/E if the $0.34 EPS becomes a reality. After $0.33 actual EPS reported by Trimble Inc. for the previous quarter, Wall Street now forecasts 3.03% EPS growth.

Select Equity Group Lp increased Fastenal Co (NASDAQ:FAST) stake by 66,962 shares to 379,785 valued at $17.31B in 2017Q3. It also upped Schein Henry Inc (NASDAQ:HSIC) stake by 435,764 shares and now owns 476,491 shares. Smith A O (NYSE:AOS) was raised too.

Among 17 analysts covering Trimble Navigation Limited (NASDAQ:TRMB), 8 have Buy rating, 0 Sell and 9 Hold. Therefore 47% are positive. Trimble Navigation Limited had 38 analyst reports since August 5, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, June 28 by JP Morgan. Piper Jaffray maintained it with “Buy” rating and $43.0 target in Friday, September 29 report. The rating was maintained by Oppenheimer with “Buy” on Tuesday, June 13. JP Morgan maintained Trimble Inc. (NASDAQ:TRMB) on Friday, September 25 with “Overweight” rating. The firm earned “Outperform” rating on Tuesday, June 14 by Raymond James. The firm has “Equal-Weight” rating given on Thursday, August 17 by Morgan Stanley. The rating was maintained by Robert W. Baird with “Neutral” on Monday, October 5. Dougherty & Company maintained the stock with “Buy” rating in Friday, November 4 report. The company was maintained on Friday, September 22 by Robert W. Baird. Wedbush maintained Trimble Inc. (NASDAQ:TRMB) on Friday, June 24 with “Outperform” rating.

Investors sentiment decreased to 1.18 in Q3 2017. Its down 0.10, from 1.28 in 2017Q2. It turned negative, as 18 investors sold TRMB shares while 126 reduced holdings. 39 funds opened positions while 131 raised stakes. 221.33 million shares or 0.83% less from 223.17 million shares in 2017Q2 were reported. Utah Retirement invested in 0.04% or 45,922 shares. Oakbrook Invests Limited accumulated 0.05% or 20,020 shares. D E Shaw & Inc has 2.49 million shares. State Street has 0.03% invested in Trimble Inc. (NASDAQ:TRMB). Citadel Advisors Lc reported 10,636 shares. Central Bancorporation & Tru Com, Kentucky-based fund reported 200 shares. 825 were reported by Northwestern Mutual Wealth Mngmt. Pennsylvania-based Rodgers Brothers has invested 0.08% in Trimble Inc. (NASDAQ:TRMB). First Citizens Commercial Bank & invested in 28,468 shares. Schwab Charles Invest Mgmt owns 1.01M shares. Wilkins Counsel reported 178,475 shares or 2.13% of all its holdings. Korea Inv Corp holds 0% or 8,100 shares in its portfolio. Exane Derivatives owns 81 shares for 0% of their portfolio. Highbridge Limited Co accumulated 0.01% or 11,697 shares. Arcadia Invest Corp Mi reported 0.9% of its portfolio in Trimble Inc. (NASDAQ:TRMB).

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. On Friday, January 12 the stock rating was maintained by Susquehanna with “Hold”. The firm has “Market Perform” rating by Avondale given on Thursday, April 7. As per Tuesday, March 8, the company rating was initiated by Argus Research. On Monday, January 8 the stock rating was maintained by BMO Capital Markets with “Hold”. Susquehanna maintained the stock with “Neutral” rating in Thursday, August 27 report. The rating was maintained by Susquehanna with “Hold” on Thursday, January 18. Stifel Nicolaus downgraded Fastenal Company (NASDAQ:FAST) on Friday, April 1 to “Hold” rating. The company was maintained on Tuesday, January 19 by Stifel Nicolaus. The rating was reinitiated by Credit Suisse with “Neutral” on Friday, June 17. BMO Capital Markets maintained Fastenal Company (NASDAQ:FAST) rating on Tuesday, July 11. BMO Capital Markets has “Hold” rating and $4900 target.

Investors sentiment increased to 1.3 in Q3 2017. Its up 0.01, from 1.29 in 2017Q2. It improved, 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. Gyroscope Cap Mngmt Gp Ltd Llc holds 0.18% of its portfolio in Fastenal Company (NASDAQ:FAST) for 7,973 shares. Advantus Cap Mngmt Inc holds 0.03% in Fastenal Company (NASDAQ:FAST) or 28,995 shares. Aperio Grp Limited Liability Company holds 105,846 shares or 0.03% of its portfolio. Franklin Resource reported 0% of its portfolio in Fastenal Company (NASDAQ:FAST). Covington Cap Mgmt owns 46,250 shares. Castleark Ltd Liability Com reported 36,210 shares. Baystate Wealth Lc holds 973 shares or 0.01% of its portfolio. Millennium Mgmt Limited Company invested in 1.15 million shares or 0.08% of the stock. Ls Advsrs Limited Liability Com reported 16,478 shares. Motco has 0% invested in Fastenal Company (NASDAQ:FAST). Automobile Association owns 0.02% invested in Fastenal Company (NASDAQ:FAST) for 157,499 shares. Bb&T Securities Ltd Llc invested 0.02% of its portfolio in Fastenal Company (NASDAQ:FAST). Intersect Limited Liability Company owns 0.18% invested in Fastenal Company (NASDAQ:FAST) for 7,071 shares. Whalerock Point Prtn Ltd Llc owns 0.07% invested in Fastenal Company (NASDAQ:FAST) for 4,613 shares. Da Davidson & has 134,129 shares for 0.12% of their portfolio.

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