Highlander Capital Management Has Decreased Its Holding in Fastenal Co (FAST) by $376,300; Clark Estates Increases Holding in Omnicom Group (OMC)

June 17, 2018 - By Marie Mckinney

Fastenal Company (NASDAQ:FAST) Logo

Clark Estates Inc increased its stake in Omnicom Group Inc (OMC) by 5.74% based on its latest 2018Q1 regulatory filing with the SEC. Clark Estates Inc bought 19,700 shares as the company’s stock declined 7.86% with the market. The institutional investor held 363,100 shares of the advertising company at the end of 2018Q1, valued at $26.39M, up from 343,400 at the end of the previous reported quarter. Clark Estates Inc who had been investing in Omnicom Group Inc for a number of months, seems to be bullish on the $17.14 billion market cap company. The stock increased 0.07% or $0.05 during the last trading session, reaching $75.42. About 3.19M shares traded or 73.41% up from the average. Omnicom Group Inc. (NYSE:OMC) has declined 13.92% since June 17, 2017 and is downtrending. It has underperformed by 26.49% the S&P500. Some Historical OMC News: 03/05/2018 – FleishmanHillard Appoints Janise Murphy Chief Practice Officer; 15/05/2018 – BBDO New York Named Agency Of The Year At Four Major Award Shows; 17/04/2018 – OMNICOM – ON JAN 1 ADOPTED FASB ACCOUNTING STANDARDS CODIFICATION TOPIC 606 “REVENUE FROM CONTRACTS WITH CUSTOMERS”; 17/04/2018 – Omnicom 1Q Income Tax Expense Reduced by $13M; 23/05/2018 – Omnicom Creates Global Experiential Practice Area; 06/03/2018 NAFE Names FleishmanHillard One of the 2018 “Top 10 Companies for Executive Women”; 18/04/2018 – Omnicom Names Chuck Brymer as Chairman of Brand Consulting Group; 27/03/2018 – OMNICOM HEALTH GROUP – ACQUIRED BUSINESS & EMPLOYEES WILL BECOME PART OF NEWLY-NAMED HEALTHCARE MARKETING COMMUNICATIONS AGENCY, EMC K.K; 16/04/2018 – IRI and Omnicom Media Group Announce Preferred Partnership for Omnicom Media Group’s Annalect Data and Analytics Division; 16/05/2018 – The lnteger Group Announces Partnership with Argentina’s AVC Marketing

Highlander Capital Management Llc decreased its stake in Fastenal Co (FAST) by 56.35% based on its latest 2018Q1 regulatory filing with the SEC. Highlander Capital Management Llc sold 7,100 shares as the company’s stock declined 6.35% with the market. The institutional investor held 5,500 shares of the building materials company at the end of 2018Q1, valued at $294,000, down from 12,600 at the end of the previous reported quarter. Highlander Capital Management Llc who had been investing in Fastenal Co for a number of months, seems to be less bullish one the $15.16 billion market cap company. The stock decreased 0.19% or $0.1 during the last trading session, reaching $52.69. About 2.20M shares traded. Fastenal Company (NASDAQ:FAST) has risen 21.28% since June 17, 2017 and is uptrending. It has outperformed by 8.71% the S&P500. Some Historical FAST News: 11/04/2018 – Fastenal Company to Host Investor Presentation; 11/04/2018 – Fastenal Didn’t Open Any Branches in 1Q, Closed 49 Branches; 11/04/2018 – Fastenal 1Q Gross Profit Fell 73 Basis Points; 09/05/2018 – Fastenal Presenting at Macquarie Group Conference Tomorrow; 23/03/2018 – Fastenal Closes Below 50-Day Moving Average: Technicals; 11/04/2018 – Fastenal Sees 2018 Net Capital Expenditures About $149M; 06/03/2018 – FASTENAL FEB. NET SALES UP 14.8%; 11/04/2018 – ADVISORY-Alert on Fastenal Co wrongly tagged to Namaste Technologies; 10/04/2018 – Fastenal Presenting at Macquarie Group Conference May 10; 21/04/2018 – DJ Fastenal Company, Inst Holders, 1Q 2018 (FAST)

Investors sentiment decreased to 0.85 in 2018 Q1. Its down 0.11, from 0.96 in 2017Q4. It is negative, as 60 investors sold OMC shares while 229 reduced holdings. 66 funds opened positions while 180 raised stakes. 228.18 million shares or 1.27% less from 231.12 million shares in 2017Q4 were reported. Arizona State Retirement owns 76,408 shares. Zeke Capital Limited Liability holds 6,230 shares or 0.04% of its portfolio. Brandes Ptnrs LP has invested 0.24% in Omnicom Group Inc. (NYSE:OMC). The California-based Hotchkis And Wiley Limited Liability has invested 0.16% in Omnicom Group Inc. (NYSE:OMC). American Beacon Advsr has invested 0.76% in Omnicom Group Inc. (NYSE:OMC). Boston Research And Management, Massachusetts-based fund reported 36,499 shares. New Jersey-based Highlander Capital Mgmt Limited Co has invested 0.04% in Omnicom Group Inc. (NYSE:OMC). Natixis Advsrs LP owns 0.08% invested in Omnicom Group Inc. (NYSE:OMC) for 106,937 shares. Blair William And Il invested in 0.14% or 268,745 shares. Moreover, Fuller Thaler Asset has 0% invested in Omnicom Group Inc. (NYSE:OMC) for 1,700 shares. Aperio Group Limited Liability reported 169,388 shares. Provise Mngmt Gru Ltd Co owns 3,784 shares or 0.04% of their US portfolio. Mckinley Carter Wealth Inc has 0% invested in Omnicom Group Inc. (NYSE:OMC). Pennsylvania Trust stated it has 0.21% in Omnicom Group Inc. (NYSE:OMC). Finemark Retail Bank holds 0.02% or 3,315 shares in its portfolio.

Since February 21, 2018, it had 0 insider buys, and 3 selling transactions for $230,764 activity. Hewitt Dennis E. had sold 2,000 shares worth $154,758.

Another recent and important Omnicom Group Inc. (NYSE:OMC) news was published by Seekingalpha.com which published an article titled: “WSJ: Omnicom takes HSBC media account from struggling WPP” on May 22, 2018.

Clark Estates Inc, which manages about $634.97M US Long portfolio, decreased its stake in Best Buy Inc (NYSE:BBY) by 12,200 shares to 49,800 shares, valued at $3.49M in 2018Q1, according to the filing. It also reduced its holding in Etsy Inc by 18,000 shares in the quarter, leaving it with 82,000 shares, and cut its stake in L Brands Inc (LTD).

Among 16 analysts covering Omnicom (NYSE:OMC), 4 have Buy rating, 1 Sell and 11 Hold. Therefore 25% are positive. Omnicom had 50 analyst reports since July 23, 2015 according to SRatingsIntel. On Tuesday, August 22 the stock rating was maintained by RBC Capital Markets with “Buy”. Telsey Advisory Group maintained Omnicom Group Inc. (NYSE:OMC) on Wednesday, July 20 with “Market Perform” rating. As per Monday, September 18, the company rating was maintained by Jefferies. The stock has “Market Perform” rating by Wells Fargo on Thursday, April 14. The rating was initiated by Credit Suisse with “Neutral” on Thursday, September 15. On Monday, October 16 the stock rating was downgraded by Morgan Stanley to “Underweight”. The stock of Omnicom Group Inc. (NYSE:OMC) has “Buy” rating given on Tuesday, August 25 by Zacks. On Monday, September 11 the stock rating was maintained by BMO Capital Markets with “Hold”. On Friday, February 16 the stock rating was upgraded by BMO Capital Markets to “Buy”. As per Wednesday, March 8, the company rating was upgraded by RBC Capital Markets.

Since January 25, 2018, it had 4 insider buys, and 4 selling transactions for $3.27 million activity. $1.56M worth of Fastenal Company (NASDAQ:FAST) was sold by Jansen James C on Tuesday, May 15. Ancius Michael J bought 455 shares worth $22,181. $1.48M worth of stock was sold by Miller Charles S. on Thursday, January 25. $35,219 worth of stock was bought by Eastman Stephen L. on Friday, April 27. Owen Terry Modock bought $103,700 worth of stock or 2,000 shares. Another trade for 1,000 shares valued at $50,275 was bought by Lewis Holden.

Another recent and important Fastenal Company (NASDAQ:FAST) news was published by Seekingalpha.com which published an article titled: “Fastenal: Solid And Consistent Performer Trading At Attractive Valuations” on June 14, 2018.

Investors sentiment decreased to 0.83 in Q1 2018. Its down 0.22, from 1.05 in 2017Q4. It dropped, as 45 investors sold FAST shares while 231 reduced holdings. 56 funds opened positions while 174 raised stakes. 236.95 million shares or 2.01% more from 232.28 million shares in 2017Q4 were reported. Strs Ohio holds 33,864 shares. Allsquare Wealth Mgmt Ltd Liability Com reported 0.01% in Fastenal Company (NASDAQ:FAST). Mackay Shields Ltd Liability Company has invested 0.02% in Fastenal Company (NASDAQ:FAST). Moreover, Stonebridge Mngmt has 0.62% invested in Fastenal Company (NASDAQ:FAST) for 34,040 shares. Ironwood Invest Mngmt Limited Liability stated it has 0.31% in Fastenal Company (NASDAQ:FAST). Switzerland-based Bellecapital Interest Limited has invested 4.33% in Fastenal Company (NASDAQ:FAST). Services Automobile Association has 0.02% invested in Fastenal Company (NASDAQ:FAST). Girard Prns reported 0.25% of its portfolio in Fastenal Company (NASDAQ:FAST). Keybank Association Oh holds 14,106 shares. Advisors Asset Management, a Colorado-based fund reported 213,874 shares. Shelton Cap Mngmt invested in 21,866 shares or 0.08% of the stock. Macquarie Group Inc Limited has 0% invested in Fastenal Company (NASDAQ:FAST) for 14,200 shares. Texas-based Covenant Multifamily Offices Limited Liability Company has invested 1.04% in Fastenal Company (NASDAQ:FAST). Stearns Financial Gp accumulated 7,891 shares. State Of Wisconsin Invest Board holds 0.04% of its portfolio in Fastenal Company (NASDAQ:FAST) for 246,870 shares.

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 firm has “Hold” rating by Stifel Nicolaus given on Thursday, April 12. The stock of Fastenal Company (NASDAQ:FAST) earned “Outperform” rating by Credit Suisse on Wednesday, April 19. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, January 19 report. The rating was upgraded by Avondale to “Mkt Outperform” on Thursday, January 12. The company was upgraded on Wednesday, July 12 by Robert W. Baird. The firm earned “Buy” rating on Wednesday, October 14 by Stifel Nicolaus. Stephens maintained it with “Buy” rating and $6000 target in Wednesday, April 11 report. The firm has “Hold” rating by William Blair given on Tuesday, August 25. The firm has “Buy” rating by Stephens given on Friday, June 2. The company was maintained on Monday, January 8 by Stifel Nicolaus.

Fastenal Company (NASDAQ:FAST) Institutional Positions Chart

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