Boston Research & Management Has Increased Holding in Fastenal Co (FAST) by $334,080 as Stock Price Declined; Water Island Capital Holding In Aetna New (AET) Was Has Increased

February 21, 2018 - By Stephen Andrade

John Orrico increased its stake in Aetna Inc New (AET) by 19.87% based on its latest 2017Q3 regulatory filing with the SEC. Water Island Capital Llc bought 7,700 shares as the company’s stock rose 12.84% with the market. The hedge fund run by John Orrico held 46,450 shares of the medical specialities company at the end of 2017Q3, valued at $7.39 million, up from 38,750 at the end of the previous reported quarter. Water Island Capital Llc who had been investing in Aetna Inc New for a number of months, seems to be bullish on the $57.84B market cap company. The stock decreased 0.62% or $1.105 during the last trading session, reaching $176.925. About 972,450 shares traded. Aetna Inc. (NYSE:AET) has risen 28.84% since February 21, 2017 and is uptrending. It has outperformed by 12.14% the S&P500.

Boston Research & Management Inc increased its stake in Fastenal Co (FAST) by 10.6% based on its latest 2017Q3 regulatory filing with the SEC. Boston Research & Management Inc bought 7,424 shares as the company’s stock declined 14.06% while stock markets rallied. The institutional investor held 77,433 shares of the building materials company at the end of 2017Q3, valued at $3.53 million, up from 70,009 at the end of the previous reported quarter. Boston Research & Management Inc who had been investing in Fastenal Co for a number of months, seems to be bullish on the $15.74 billion market cap company. The stock increased 0.88% or $0.48 during the last trading session, reaching $54.72. About 1.03 million shares traded. Fastenal Company (NASDAQ:FAST) has declined 2.09% since February 21, 2017 and is downtrending. It has underperformed by 18.79% the S&P500.

Since October 16, 2017, it had 0 insider purchases, and 3 sales for $2.10 million activity. Another trade for 26,250 shares valued at $1.48 million was sold by Miller Charles S.. Shares for $140,793 were sold by Polipnick Gary A. on Friday, December 15.

Investors sentiment increased to 1.3 in Q3 2017. Its up 0.01, from 1.29 in 2017Q2. It increased, 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. Macquarie Grp reported 0% stake. Canada Pension Plan Invest Board holds 0.04% or 385,022 shares in its portfolio. Chilton Investment Co Ltd Co reported 0.05% stake. Ameritas Partners Incorporated accumulated 0.02% or 11,726 shares. Ironwood Invest Management Ltd reported 7,548 shares or 0.24% of all its holdings. First Allied Advisory Service owns 0.01% invested in Fastenal Company (NASDAQ:FAST) for 5,873 shares. Amg Funds Ltd Liability has invested 1.47% in Fastenal Company (NASDAQ:FAST). Cleararc Capital has invested 0.05% in Fastenal Company (NASDAQ:FAST). Cornerstone Advsrs Inc holds 711 shares or 0.02% of its portfolio. Sadoff Investment Management Ltd reported 0.04% stake. Us State Bank De reported 515,533 shares or 0.08% of all its holdings. Moreover, Mitsubishi Ufj Tru And Corporation has 0.09% invested in Fastenal Company (NASDAQ:FAST). Capital Mngmt Corp Va holds 183,087 shares. Douglass Winthrop Advsrs Limited Liability has 1.67% invested in Fastenal Company (NASDAQ:FAST). Dearborn Ptnrs Ltd Limited Liability Company holds 0.01% in Fastenal Company (NASDAQ:FAST) or 4,388 shares.

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 by Stifel Nicolaus given on Thursday, January 19. The rating was reinitiated by Credit Suisse with “Neutral” on Friday, June 17. The stock of Fastenal Company (NASDAQ:FAST) earned “Neutral” rating by Robert W. Baird on Monday, August 24. Stifel Nicolaus maintained the shares of FAST in report on Sunday, December 10 with “Hold” rating. Stephens maintained Fastenal Company (NASDAQ:FAST) on Wednesday, October 11 with “Buy” rating. William Blair maintained the stock with “Hold” rating in Tuesday, August 25 report. Credit Suisse initiated it with “Neutral” rating and $47 target in Tuesday, September 15 report. The stock has “Hold” rating by Susquehanna on Thursday, January 18. On Friday, January 12 the stock rating was maintained by Susquehanna with “Hold”. The stock of Fastenal Company (NASDAQ:FAST) earned “Hold” rating by Stifel Nicolaus on Monday, January 8.

Among 24 analysts covering Aetna (NYSE:AET), 11 have Buy rating, 0 Sell and 13 Hold. Therefore 46% are positive. Aetna had 72 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Aetna Inc. (NYSE:AET) earned “Hold” rating by Jefferies on Friday, January 8. The stock has “Hold” rating by Jefferies on Friday, October 13. Piper Jaffray maintained the stock with “Hold” rating in Monday, October 23 report. The stock of Aetna Inc. (NYSE:AET) has “Mkt Perform” rating given on Monday, November 14 by Bernstein. On Wednesday, August 5 the stock rating was maintained by Oppenheimer with “Hold”. Cantor Fitzgerald maintained it with “Buy” rating and $150 target in Monday, May 15 report. The rating was upgraded by Deutsche Bank to “Buy” on Monday, January 22. Wells Fargo maintained the stock with “Buy” rating in Monday, December 18 report. The stock has “Neutral” rating by Cantor Fitzgerald on Friday, October 27. Morgan Stanley maintained the shares of AET in report on Thursday, August 17 with “Overweight” rating.

Investors sentiment increased to 0.91 in Q3 2017. Its up 0.22, from 0.69 in 2017Q2. It improved, as 42 investors sold AET shares while 302 reduced holdings. 80 funds opened positions while 232 raised stakes. 281.08 million shares or 3.09% less from 290.06 million shares in 2017Q2 were reported. Blue Edge Cap Lc accumulated 0.72% or 9,923 shares. Stewart And Patten Com Llc stated it has 0.14% in Aetna Inc. (NYSE:AET). Axon Cap LP holds 17,500 shares. Lombard Odier Asset Mngmt (Switzerland) Sa holds 23,208 shares. Moreover, Meiji Yasuda Asset has 0.37% invested in Aetna Inc. (NYSE:AET). Moreover, Conning has 0.05% invested in Aetna Inc. (NYSE:AET) for 8,421 shares. Maverick Cap Ltd, Texas-based fund reported 14,020 shares. Louisiana State Employees Retirement has invested 0.15% of its portfolio in Aetna Inc. (NYSE:AET). Reilly Financial Advisors Ltd Liability Com holds 72,156 shares. The New York-based Stelliam Mgmt LP has invested 1.67% in Aetna Inc. (NYSE:AET). Millennium Management Limited owns 899,385 shares or 0.22% of their US portfolio. Employees Retirement Systems Of Texas invested 0.13% of its portfolio in Aetna Inc. (NYSE:AET). Cetera Lc, Colorado-based fund reported 8,436 shares. D E Shaw And Company owns 75,619 shares for 0.02% of their portfolio. Tudor Et Al has invested 0.06% of its portfolio in Aetna Inc. (NYSE:AET).

Water Island Capital Llc, which manages about $3.48 billion and $2.11 billion US Long portfolio, decreased its stake in Norfolk Southern Corp (NYSE:NSC) by 29,647 shares to 21,959 shares, valued at $2.90M in 2017Q3, according to the filing. It also reduced its holding in Ashland Global Hldgs Inc by 116,250 shares in the quarter, leaving it with 78,294 shares, and cut its stake in Ensco Plc (NYSE:ESV).

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