Farmers & Merchants Investments Trimmed Its Nelnet (NNI) Stake by $9.24 Million; Schwartz Investment Counsel Boosted Its Fastenal Co (FAST) Stake by $450,000 as Market Value Declined

February 15, 2018 - By Maria Brooks

Farmers & Merchants Investments Inc decreased its stake in Nelnet Inc. (NNI) by 10.1% based on its latest 2017Q3 regulatory filing with the SEC. Farmers & Merchants Investments Inc sold 184,720 shares as the company’s stock declined 21.49% while stock markets rallied. The institutional investor held 1.64 million shares of the finance company at the end of 2017Q3, valued at $83.06M, down from 1.83M at the end of the previous reported quarter. Farmers & Merchants Investments Inc who had been investing in Nelnet Inc. for a number of months, seems to be less bullish one the $2.09B market cap company. The stock increased 2.50% or $1.25 during the last trading session, reaching $51.22. About 70,770 shares traded. Nelnet, Inc. (NYSE:NNI) has risen 13.42% since February 15, 2017 and is uptrending. It has underperformed by 3.28% the S&P500.

Schwartz Investment Counsel Inc increased its stake in Fastenal Co (FAST) by 16.67% based on its latest 2017Q3 regulatory filing with the SEC. Schwartz Investment Counsel Inc bought 10,000 shares as the company’s stock declined 14.06% while stock markets rallied. The institutional investor held 70,000 shares of the building materials company at the end of 2017Q3, valued at $3.19M, up from 60,000 at the end of the previous reported quarter. Schwartz Investment Counsel Inc who had been investing in Fastenal Co for a number of months, seems to be bullish on the $15.72 billion market cap company. The stock increased 2.02% or $1.08 during the last trading session, reaching $54.65. About 2.55M shares traded. Fastenal Company (NASDAQ:FAST) has declined 2.09% since February 15, 2017 and is downtrending. It has underperformed by 18.79% the S&P500.

Since August 18, 2017, it had 0 insider purchases, and 5 sales for $421,960 activity. Munn William J sold $50,000 worth of stock.

Investors sentiment decreased to 0.86 in Q3 2017. Its down 0.01, from 0.87 in 2017Q2. It worsened, as 10 investors sold NNI shares while 41 reduced holdings. 11 funds opened positions while 33 raised stakes. 15.98 million shares or 5.39% less from 16.90 million shares in 2017Q2 were reported. James Inc owns 400,280 shares. Schwab Charles Invest Management reported 159,002 shares or 0.01% of all its holdings. 6,906 were accumulated by Bluecrest Ltd. Voya Inv Management Lc stated it has 9,534 shares. Royal Commercial Bank Of Canada holds 0% of its portfolio in Nelnet, Inc. (NYSE:NNI) for 3,639 shares. State Street stated it has 0% of its portfolio in Nelnet, Inc. (NYSE:NNI). Bridgeway Mngmt has invested 0.08% in Nelnet, Inc. (NYSE:NNI). Sg Americas Limited Liability Com reported 3,444 shares stake. Da Davidson & invested in 9,789 shares or 0.01% of the stock. First Trust Lp invested in 43,236 shares or 0.01% of the stock. Ny State Common Retirement Fund owns 21,900 shares for 0% of their portfolio. Invesco Ltd has 0% invested in Nelnet, Inc. (NYSE:NNI) for 138,737 shares. Envestnet Asset Mngmt reported 0% stake. Fmr Limited Liability Corp has invested 0% in Nelnet, Inc. (NYSE:NNI). Alliancebernstein Ltd Partnership has invested 0% in Nelnet, Inc. (NYSE:NNI).

Farmers & Merchants Investments Inc, which manages about $1.27 billion US Long portfolio, upped its stake in Ross Stores Inc (NASDAQ:ROST) by 9,048 shares to 84,767 shares, valued at $5.47 million in 2017Q3, according to the filing. It also increased its holding in Lowe’s Companies Inc (NYSE:LOW) by 19,481 shares in the quarter, for a total of 181,217 shares, and has risen its stake in Oracle Corp (NYSE:ORCL).

Among 2 analysts covering Nelnet (NYSE:NNI), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Nelnet had 10 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, November 9 by Compass Point. The rating was maintained by Credit Suisse with “Neutral” on Friday, October 20. The stock of Nelnet, Inc. (NYSE:NNI) has “Buy” rating given on Thursday, October 19 by Compass Point. As per Monday, November 14, the company rating was downgraded by Credit Suisse. Compass Point maintained the stock with “Buy” rating in Friday, August 7 report. Compass Point maintained Nelnet, Inc. (NYSE:NNI) on Tuesday, February 6 with “Buy” rating. The rating was maintained by Credit Suisse with “Outperform” on Friday, August 7. On Wednesday, August 9 the stock rating was downgraded by Compass Point to “Neutral”.

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. The firm has “Hold” rating given on Wednesday, January 17 by BMO Capital Markets. The stock of Fastenal Company (NASDAQ:FAST) earned “Sector Weight” rating by KeyBanc Capital Markets on Tuesday, July 21. Argus Research initiated Fastenal Company (NASDAQ:FAST) on Tuesday, March 8 with “Buy” rating. BMO Capital Markets maintained it with “Hold” rating and $51.0 target in Monday, October 9 report. William Blair maintained the shares of FAST in report on Tuesday, August 25 with “Hold” rating. Stifel Nicolaus maintained it with “Buy” rating and $41.0 target in Tuesday, January 19 report. The firm has “Hold” rating given on Monday, November 13 by BMO Capital Markets. Avondale upgraded the shares of FAST in report on Thursday, January 12 to “Mkt Outperform” rating. As per Wednesday, October 14, the company rating was maintained by Stifel Nicolaus. The rating was maintained by Robert W. Baird with “Buy” on Thursday, October 12.

Since August 15, 2017, it had 0 insider buys, and 3 insider sales for $2.10 million activity. Shares for $140,793 were sold by Polipnick Gary A.. Miller Charles S. sold $1.48 million worth of stock. 10,000 shares were sold by Hein LeLand J, worth $471,350 on Monday, October 16.

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. Penobscot Mngmt reported 4,750 shares or 0.06% of all its holdings. Ashmore Wealth Mgmt Ltd reported 2.94% in Fastenal Company (NASDAQ:FAST). Ameriprise Finance Inc reported 223,734 shares. Thompson Davis And Communication Incorporated invested 0.05% in Fastenal Company (NASDAQ:FAST). Sandy Spring Bancorporation, a Maryland-based fund reported 380 shares. Tompkins Finance has 0.01% invested in Fastenal Company (NASDAQ:FAST). Shine Invest Advisory Services invested 0.02% in Fastenal Company (NASDAQ:FAST). New Hampshire-based Ledyard Financial Bank has invested 0.48% in Fastenal Company (NASDAQ:FAST). Commerzbank Aktiengesellschaft Fi invested 0.01% in Fastenal Company (NASDAQ:FAST). Northern reported 3.41M shares. Laffer owns 33,125 shares. Td Asset Mgmt has 416,039 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested 0.03% in Fastenal Company (NASDAQ:FAST). Atlantic Tru Group Limited Liability Corp accumulated 51,411 shares. Mitsubishi Ufj Tru Banking accumulated 1.07M shares.

Schwartz Investment Counsel Inc, which manages about $1.74B and $1.60 billion US Long portfolio, decreased its stake in Illinois Tool Wks Inc (NYSE:ITW) by 5,000 shares to 126,200 shares, valued at $18.67M in 2017Q3, according to the filing. It also reduced its holding in Copart Inc (NASDAQ:CPRT) by 25,000 shares in the quarter, leaving it with 425,000 shares, and cut its stake in Chubb Limited.

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