Boyd Watterson Asset Management Upped Its Holding in Fastenal Co (FAST) by $395,766; As Aci Worldwide (ACIW) Market Value Rose, P2 Capital Partners Increased by $7.36 Million Its Stake

April 22, 2018 - By Darrin Black

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Boyd Watterson Asset Management Llc increased its stake in Fastenal Co (FAST) by 58.32% based on its latest 2017Q4 regulatory filing with the SEC. Boyd Watterson Asset Management Llc bought 7,329 shares as the company’s stock declined 2.22% with the market. The institutional investor held 19,895 shares of the building materials company at the end of 2017Q4, valued at $1.09 million, up from 12,566 at the end of the previous reported quarter. Boyd Watterson Asset Management Llc who had been investing in Fastenal Co for a number of months, seems to be bullish on the $14.53 billion market cap company. The stock decreased 0.18% or $0.09 during the last trading session, reaching $50.49. About 2.49M shares traded. Fastenal Company (NASDAQ:FAST) has risen 5.62% since April 22, 2017 and is uptrending. It has underperformed by 5.93% the S&P500.

Claus Moller increased its stake in Aci Worldwide Inc (ACIW) by 12.57% based on its latest 2017Q4 regulatory filing with the SEC. P2 Capital Partners Llc bought 334,762 shares as the company’s stock rose 5.97% while stock markets declined. The hedge fund run by Claus Moller held 3.00M shares of the technology company at the end of 2017Q4, valued at $67.97M, up from 2.66M at the end of the previous reported quarter. P2 Capital Partners Llc who had been investing in Aci Worldwide Inc for a number of months, seems to be bullish on the $2.84B market cap company. The stock decreased 1.37% or $0.34 during the last trading session, reaching $24.49. About 243,842 shares traded. ACI Worldwide, Inc. (NASDAQ:ACIW) has risen 10.81% since April 22, 2017 and is uptrending. It has underperformed by 0.74% the S&P500.

Boyd Watterson Asset Management Llc, which manages about $4.87 billion and $207.21M US Long portfolio, decreased its stake in Ishares S&P Preferred Stk (PFF) by 10,976 shares to 221,370 shares, valued at $8.43M in 2017Q4, according to the filing. It also reduced its holding in Bank Of America Corp (NYSE:BAC) by 17,427 shares in the quarter, leaving it with 9,734 shares, and cut its stake in Class A.

Among 19 analysts covering Fastenal (NASDAQ:FAST), 10 have Buy rating, 1 Sell and 8 Hold. Therefore 53% are positive. Fastenal had 77 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Fastenal Company (NASDAQ:FAST) earned “Buy” rating by KeyBanc Capital Markets on Thursday, November 16. Stifel Nicolaus maintained the shares of FAST in report on Thursday, March 17 with “Buy” rating. Robert W. Baird maintained it with “Buy” rating and $56.0 target in Wednesday, January 17 report. The rating was maintained by BMO Capital Markets with “Hold” on Monday, January 8. Raymond James maintained Fastenal Company (NASDAQ:FAST) on Wednesday, December 6 with “Buy” rating. Robert W. Baird maintained Fastenal Company (NASDAQ:FAST) rating on Thursday, October 12. Robert W. Baird has “Buy” rating and $53.0 target. Stephens maintained it with “Buy” rating and $54.0 target in Wednesday, October 11 report. The firm has “Buy” rating by Robert W. Baird given on Wednesday, December 6. The firm has “Overweight” rating by KeyBanc Capital Markets given on Thursday, January 5. The firm earned “Hold” rating on Tuesday, July 11 by BMO Capital Markets.

Investors sentiment decreased to 1.05 in 2017 Q4. Its down 0.25, from 1.3 in 2017Q3. It fall, as 37 investors sold FAST shares while 215 reduced holdings. 91 funds opened positions while 174 raised stakes. 232.28 million shares or 0.94% less from 234.48 million shares in 2017Q3 were reported. Mason Street Advisors Ltd Liability has 0.05% invested in Fastenal Company (NASDAQ:FAST) for 40,031 shares. Gradient Limited Liability Company holds 5 shares or 0% of its portfolio. Amalgamated Bank accumulated 38,163 shares or 0.06% of the stock. Mutual Of America Management Ltd Liability Corporation has 37,899 shares. Andra Ap reported 39,100 shares. United Advisers Llc reported 5,956 shares. The Ohio-based Boyd Watterson Asset Management Llc Oh has invested 0.53% in Fastenal Company (NASDAQ:FAST). Atria Investments Ltd Liability Corp holds 0.01% or 4,230 shares. Trexquant LP owns 19,563 shares or 0.12% of their US portfolio. Stoneridge Invest Prns Ltd Liability Com holds 1.26% or 143,645 shares. Marshall Wace Limited Liability Partnership invested 0.07% of its portfolio in Fastenal Company (NASDAQ:FAST). Louisiana State Employees Retirement System invested 0.04% in Fastenal Company (NASDAQ:FAST). Cap City Company Fl holds 22,760 shares or 0.44% of its portfolio. Dnb Asset Management As reported 0.02% of its portfolio in Fastenal Company (NASDAQ:FAST). Chevy Chase Trust holds 254,733 shares or 0.06% of its portfolio.

Since December 15, 2017, it had 0 insider buys, and 4 sales for $2.06 million activity. 242 shares were sold by Jansen James C, worth $14,036 on Friday, March 9. 2,634 Fastenal Company (NASDAQ:FAST) shares with value of $140,793 were sold by Polipnick Gary A.. Drazkowski William Joseph also sold $424,808 worth of Fastenal Company (NASDAQ:FAST) on Tuesday, March 6.

Since December 11, 2017, it had 0 insider buys, and 5 selling transactions for $6.33 million activity. 90,000 shares valued at $2.02 million were sold by MCGRODDY JAMES on Monday, December 11. Shay John M Jr had sold 78,781 shares worth $1.95M. On Wednesday, February 28 SUWINSKI JAN sold $722,721 worth of ACI Worldwide, Inc. (NASDAQ:ACIW) or 30,000 shares.

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