Vulcan Value Partners Increases Position in Amerisourcebergen (ABC); As Fastenal Co (FAST) Share Value Declined, Compass Capital Management Has Increased Stake by $616,995

January 17, 2018 - By Linda Rogers

Vulcan Value Partners Llc increased its stake in Amerisourcebergen Corp (ABC) by 10.52% based on its latest 2017Q3 regulatory filing with the SEC. Vulcan Value Partners Llc bought 553,857 shares as the company’s stock declined 1.76% while stock markets rallied. The institutional investor held 5.82 million shares of the other pharmaceuticals company at the end of 2017Q3, valued at $481.58M, up from 5.27M at the end of the previous reported quarter. Vulcan Value Partners Llc who had been investing in Amerisourcebergen Corp for a number of months, seems to be bullish on the $21.91 billion market cap company. The stock increased 0.91% or $0.91 during the last trading session, reaching $100.46. About 306,311 shares traded. AmerisourceBergen Corporation (NYSE:ABC) has risen 18.80% since January 17, 2017 and is uptrending. It has outperformed by 2.10% the S&P500.

Compass Capital Management Inc increased its stake in Fastenal Co (FAST) by 2.66% based on its latest 2017Q3 regulatory filing with the SEC. Compass Capital Management Inc bought 13,711 shares as the company’s stock declined 14.06% while stock markets rallied. The institutional investor held 529,064 shares of the building materials company at the end of 2017Q3, valued at $24.12M, up from 515,353 at the end of the previous reported quarter. Compass Capital Management Inc who had been investing in Fastenal Co for a number of months, seems to be bullish on the $15.31 billion market cap company. The stock decreased 3.93% or $2.18 during the last trading session, reaching $53.26. About 2.14 million shares traded or 0.37% up from the average. Fastenal Company (NASDAQ:FAST) has declined 2.09% since January 17, 2017 and is downtrending. It has underperformed by 18.79% the S&P500.

Investors sentiment increased to 1.3 in 2017 Q3. 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. Guardian Life Insur Of America holds 662 shares or 0% of its portfolio. Rafferty Asset Mngmt Ltd Liability Com stated it has 0.05% of its portfolio in Fastenal Company (NASDAQ:FAST). Guggenheim Capital Lc owns 858,609 shares or 0.09% of their US portfolio. Sei reported 0.01% in Fastenal Company (NASDAQ:FAST). Whittier Trust Of Nevada Inc invested in 0.01% or 1,368 shares. Ing Groep Nv has 10,320 shares for 0.01% of their portfolio. United Kingdom-based Gulf Interest Bank & Trust (Uk) Limited has invested 0.06% in Fastenal Company (NASDAQ:FAST). 105,846 were reported by Aperio Group Incorporated. Brinker Inc holds 0.16% of its portfolio in Fastenal Company (NASDAQ:FAST) for 84,496 shares. Tiverton Asset Management Ltd Limited Liability Company reported 363,862 shares. Tompkins Fincl Corp accumulated 1,095 shares or 0.01% of the stock. Sumitomo Mitsui Tru Incorporated accumulated 794,464 shares. Trust Department Mb Fincl Bank N A, Illinois-based fund reported 2,855 shares. Serv Automobile Association has invested 0.02% in Fastenal Company (NASDAQ:FAST). Marshfield Associates owns 1.57M shares.

Among 17 analysts covering Fastenal (NASDAQ:FAST), 9 have Buy rating, 0 Sell and 8 Hold. Therefore 53% are positive. Fastenal had 57 analyst reports since July 21, 2015 according to SRatingsIntel. Sterne Agee CRT initiated the shares of FAST in report on Tuesday, March 22 with “Neutral” rating. Barclays Capital maintained Fastenal Company (NASDAQ:FAST) on Monday, October 5 with “Underweight” rating. The stock has “Neutral” rating by Robert W. Baird on Monday, August 24. The firm earned “Buy” rating on Thursday, March 17 by Stifel Nicolaus. On Wednesday, December 6 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. Stephens initiated it with “Buy” rating and $5400 target in Friday, June 2 report. The stock has “Outperform” rating by Credit Suisse on Wednesday, April 19. The rating was upgraded by Robert W. Baird to “Outperform” on Wednesday, July 12. Avondale upgraded Fastenal Company (NASDAQ:FAST) on Thursday, January 12 to “Mkt Outperform” rating. The firm has “Hold” rating given on Thursday, January 19 by Stifel Nicolaus.

Since August 15, 2017, it had 0 insider purchases, and 3 selling transactions for $956,223 activity. On Tuesday, August 15 the insider DOLAN MICHAEL JOHN sold $344,080. The insider Hein LeLand J sold $471,350.

Compass Capital Management Inc, which manages about $629.48M US Long portfolio, decreased its stake in Microsoft Corp (NASDAQ:MSFT) by 9,145 shares to 366,034 shares, valued at $27.27 million in 2017Q3, according to the filing. It also reduced its holding in Cognizant Technology Solutio (NASDAQ:CTSH) by 19,292 shares in the quarter, leaving it with 349,801 shares, and cut its stake in Accenture Plc Ireland (NYSE:ACN).

Vulcan Value Partners Llc, which manages about $6.07B and $11.68B US Long portfolio, decreased its stake in Credit Accep Corp Mich (NASDAQ:CACC) by 2,002 shares to 197,314 shares, valued at $55.28 million in 2017Q3, according to the filing. It also reduced its holding in Actuant Corp (NYSE:ATU) by 21,005 shares in the quarter, leaving it with 1.66 million shares, and cut its stake in Everest Re Group Ltd (NYSE:RE).

Among 20 analysts covering AmerisourceBergen (NYSE:ABC), 11 have Buy rating, 0 Sell and 9 Hold. Therefore 55% are positive. AmerisourceBergen had 61 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Tuesday, June 7 by Bank of America. The stock has “Hold” rating by Jefferies on Wednesday, June 21. As per Friday, October 2, the company rating was downgraded by Morgan Stanley. Needham maintained AmerisourceBergen Corporation (NYSE:ABC) rating on Wednesday, November 22. Needham has “Buy” rating and $88 target. Needham maintained the stock with “Buy” rating in Tuesday, October 24 report. The firm has “Buy” rating by Zacks given on Thursday, August 27. The firm has “Outperform” rating by Leerink Swann given on Tuesday, January 17. On Monday, November 6 the stock rating was maintained by Robert W. Baird with “Buy”. The stock has “Buy” rating by Zacks on Thursday, September 17. The firm has “Neutral” rating given on Tuesday, January 3 by Mizuho.

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