Investment Centers Of America Has Increased Fastenal Co (FAST) Stake; Summit Materials (SUM) Had 9 Bullish Analysts

November 14, 2017 - By Darrin Black

Investment Centers Of America Inc increased Fastenal Co (FAST) stake by 51.79% reported in 2017Q2 SEC filing. Investment Centers Of America Inc acquired 51,118 shares as Fastenal Co (FAST)’s stock declined 14.06%. The Investment Centers Of America Inc holds 149,817 shares with $6.52M value, up from 98,699 last quarter. Fastenal Co now has $13.62B valuation. The stock rose 0.32% or $0.15 reaching $47.38 per share. About 424,283 shares traded. Fastenal Company (NASDAQ:FAST) has declined 2.09% since November 14, 2016 and is downtrending. It has underperformed by 18.79% the S&P500.

Among 12 analysts covering Summit Materials (NYSE:SUM), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Summit Materials had 30 analyst reports since August 17, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, August 4 by Citigroup. The stock has “Buy” rating by RBC Capital Markets on Monday, July 24. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, September 6. The rating was initiated by Suntrust Robinson on Friday, January 20 with “Buy”. RBC Capital Markets maintained it with “Outperform” rating and $25 target in Wednesday, November 4 report. The company was upgraded on Thursday, October 8 by Bank of America. The stock of Summit Materials Inc (NYSE:SUM) has “Buy” rating given on Wednesday, September 6 by RBC Capital Markets. The firm earned “Buy” rating on Friday, October 2 by Goldman Sachs. The company was downgraded on Tuesday, October 11 by Goldman Sachs. Bank of America maintained it with “Neutral” rating and $34 target in Tuesday, October 31 report. See Summit Materials Inc (NYSE:SUM) latest ratings:

31/10/2017 Broker: Bank of America Rating: Neutral Old Target: $33 New Target: $34 Maintain
24/10/2017 Broker: SunTrust Rating: Buy New Target: $38.0
10/10/2017 Broker: RBC Capital Markets Rating: Buy New Target: $35.0 Maintain
06/10/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $35.0 Maintain
06/09/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $35.0 Maintain
06/09/2017 Broker: RBC Capital Markets Rating: Buy New Target: $35.0 Maintain
02/08/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $35.0000 Maintain
24/07/2017 Broker: RBC Capital Markets Rating: Buy New Target: $33.0000 Maintain
29/06/2017 Broker: Longbow Rating: Buy
19/06/2017 Broker: RBC Capital Markets Rating: Buy New Target: $33.0000 Maintain

Investors sentiment increased to 1.29 in 2017 Q2. Its up 0.25, from 1.04 in 2017Q1. It improved, as 56 investors sold FAST shares while 168 reduced holdings. 70 funds opened positions while 218 raised stakes. 231.14 million shares or 0.61% more from 229.74 million shares in 2017Q1 were reported. Hussman Strategic Advisors Inc holds 0.02% or 2,400 shares in its portfolio. Schwab Charles Management has 1.42 million shares for 0.06% of their portfolio. Long Road Inv Counsel Limited Com has invested 2.18% of its portfolio in Fastenal Company (NASDAQ:FAST). Gateway Advisers Limited Liability Com stated it has 0.01% in Fastenal Company (NASDAQ:FAST). Stratos Wealth has invested 0.11% of its portfolio in Fastenal Company (NASDAQ:FAST). Leavell Invest Mgmt holds 0.07% of its portfolio in Fastenal Company (NASDAQ:FAST) for 12,500 shares. The North Carolina-based Bb&T has invested 0.02% in Fastenal Company (NASDAQ:FAST). Quantbot Techs Limited Partnership accumulated 5,149 shares or 0.02% of the stock. California-based California State Teachers Retirement has invested 0.05% in Fastenal Company (NASDAQ:FAST). Advsr Asset Mngmt holds 325,092 shares. Fincl Bank Of Hawaii holds 22,745 shares or 0.09% of its portfolio. Riverbridge Prns Ltd Liability Corp reported 1.88 million shares. 25,737 were accumulated by Dean Investment Associate Ltd. Amp Investors Ltd stated it has 83,175 shares. Reilly Fincl Advsrs Ltd Liability stated it has 0% in Fastenal Company (NASDAQ:FAST).

Investment Centers Of America Inc decreased At&T Inc (NYSE:T) stake by 66,776 shares to 413,687 valued at $15.66M in 2017Q2. It also reduced Vanguard World Fds (VHT) stake by 2,772 shares and now owns 4,061 shares. Costco Whsl Corp New (NASDAQ:COST) was reduced too.

Since May 25, 2017, it had 1 insider purchase, and 0 selling transactions for $43,760 activity. Shares for $43,760 were bought by Lewis Holden.

Among 17 analysts covering Fastenal (NASDAQ:FAST), 9 have Buy rating, 0 Sell and 8 Hold. Therefore 53% are positive. Fastenal had 47 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, October 14 by Stifel Nicolaus. The stock of Fastenal Company (NASDAQ:FAST) earned “Overweight” rating by KeyBanc Capital Markets on Thursday, January 5. BMO Capital Markets maintained Fastenal Company (NASDAQ:FAST) rating on Monday, August 21. BMO Capital Markets has “Hold” rating and $46.0 target. William Blair upgraded the stock to “Outperform” rating in Monday, December 5 report. Stifel Nicolaus maintained Fastenal Company (NASDAQ:FAST) on Tuesday, January 19 with “Buy” rating. The firm has “Hold” rating by BMO Capital Markets given on Monday, October 9. BMO Capital Markets maintained it with “Hold” rating and $4900 target in Tuesday, July 11 report. Stephens initiated Fastenal Company (NASDAQ:FAST) rating on Friday, June 2. Stephens has “Buy” rating and $5400 target. The firm has “Neutral” rating by Macquarie Research given on Friday, August 26. Robert W. Baird downgraded Fastenal Company (NASDAQ:FAST) on Monday, August 24 to “Neutral” rating.

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