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Oregon Public Employees Retirement Fund now holds 49,219 shares of Fastenal valued at $3.8 million, while other institutional investors like Anchor Investment Management and Welch & Forbes have also increased their stakes. Fastenal's stock has faced a price target reduction from Morgan Stanley, now set at $38, indicating a potential downside of over 53%. Despite a hold rating from analysts, the company reported a quarterly revenue increase of 3.4% year-over-year, with earnings per share meeting expectations at $0.26.
Northern Trust Corp increased its stake in Goodyear Tire & Rubber by 17% in Q4, now holding 3.94 million shares valued at $35.47 million. Charles Schwab Investment Management also raised its position by 1.7% in Q1, owning 3.80 million shares worth $35.12 million. Institutional investors control 84.19% of the stock, which has a current "Moderate Buy" rating among analysts, with a consensus target price of $14.00.
Deutsche Bank has lowered its price target for RS Group Plc shares to GBP7.60 from GBP8.30 while maintaining a Hold rating. The revision follows RS Group's fiscal year 2025 update, which showed a 2% decline in like-for-like revenues, though there was a slight recovery in the second half and growth in the Asia Pacific and Americas regions. Challenges remain, particularly in the EMEA region, and ongoing tariff negotiations could impact the company's competitive position.
The Goodyear Tire & Rubber Company reported a 6.3% decline in revenue year-over-year, with earnings per share at ($0.04) for the latest quarter, surpassing estimates. Analysts forecast an average EPS of 1.5 for the current year, while the stock holds a "Moderate Buy" rating with a target price of $13.25. Institutional investors own 84.19% of the stock, reflecting strong interest despite recent performance challenges.
World Kinect reported a net margin of 0.16% and a return on equity of 6.43%, with quarterly revenue down 13.7% year-over-year. The company declared a quarterly dividend of $0.17 per share, yielding 2.50%, while analysts expect earnings per share of 2.56 for the current year. Despite a recent earnings beat, the stock has a "Reduce" rating from analysts, with Deutsche Bank increasing its holdings by 117.6%.
Cushman & Wakefield reported quarterly revenue of $2.28 billion, exceeding estimates of $2.26 billion, with a net margin of 1.39% and a return on equity of 12.62%. The company's stock has a consensus "Hold" rating, with a target price averaging $12.93, while institutional investors own 95.56% of shares. Recently, Deutsche Bank AG increased its holdings by 58%, reflecting growing interest despite a 7% decline in stock price.
Birkenstock Holding plc is projected to post earnings of $1.77 per share for the current fiscal year. The company, known for its footwear and accessories, has a Moderate Buy rating from analysts, with a consensus price target of $67.19. Recently, Deutsche Bank AG significantly increased its stake in the company, now valued at $2.85 million.
Lear Corporation will pay a quarterly dividend of $0.77 per share on June 25, with an ex-dividend date of June 5. The company reported earnings of $3.12 per share for the last quarter, exceeding estimates, despite a 7.2% revenue decline year-over-year. Analysts maintain a consensus "Hold" rating, with a target price averaging $112.09.
Constellation Brands, Inc. will present at the 2025 Deutsche Bank Global Consumer Conference on June 3, 2025, in Paris. CEO Bill Newlands and CFO Garth Hankinson will discuss the company's financial metrics, operating performance, and future outlook during a fireside chat at 2:00 p.m. CEST. A live webcast will be available on the company's investor relations website, with a replay accessible until June 2, 2026.
Deutsche Bank analyst Carlo Santarelli expressed optimism about Las Vegas casinos, particularly Station Casinos, citing strong local customer support and a promising project pipeline. However, he noted mixed prospects for the Strip, with concerns over declining tourism from Canada and Mexico, while group business outlook remains positive through 2028. Operators are managing costs effectively, but competition and promotional strategies vary significantly among them.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Fastenal Sees Institutional Investment Growth Amid Price Target Reductions
15:26 24.05.2025
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