Trading Companies & Distributors

BlueLinx Holdings Inc. (NYSE: BXC), a leading distributor of building products in North America, today announced that it plans to commence a rights offering of common stock to its stockholders, which would produce gross proceeds to the Company of $60 million. The Company expects to utilize the...

BlueLinx Holdings Inc. (NYSE: BXC) today announced that it plans to commence a rights offering of common stock to its stockholders, which would produce gross proceeds to the Company of $60 million. The Company expects to utilize the proceeds of the transactions to repay indebtedness under its...

1) Ryder System Inc (NYSE:R) was trading $43 range (November) and currently trading in the $50.68 range. Ryder System, Inc. (Ryder) is a provider of transportation and supply chain management solutions. The Company operates in three segments: Fleet Management Solutions (FMS), which provides full-...

1) Accenture Plc (NYSE:ACN) It has risen 220% from its 52-week low. It is now trading at 100% of its 52-week high. Accenture plc (Accenture) is a management consulting, technology services and outsourcing company, which has offices and operations in more than 200 cities in 53 countries. Its...

Citi is out with its report today on WESCO International (NYSE: WCC), raising its PT from $69 to $70. In a note to clients, Citi writes, "We recognize that WESCO has ample capacity to do more highly accretive acquisitions of regional distributors. Acquisitions contributed 9c to the quarter, and at...

Morgan Keegan has published a research report on GATX Corporation (NYSE: GMT) after the company reported a 1Q earnings miss. In the report, Morgan Keegan writes, "GATX Corporation reported $0.28 per share in earnings in Q1:11 excluding $0.14 per share positive fair-value adjustments related to...

Piper Jaffray has raised the price target on Watsco, Inc. (NYSE: WSO) from $60 to $62 and maintains its Underweight rating.

Applied Industrial Technologies (NYSE: AIT) Chairman & Chief Executive Officer David L. Pugh today announced that the Company's Board of Directors raised the Company's quarterly cash dividend by $0.02 declaring a quarterly dividend of $0.19 per common share, payable on May 31, 2011, to...

Watsco, Inc. (NYSE: WSO) Reports Q1 EPS of $0.21 vs. $0.20; Revenues $534M vs. $547M

RSC Holdings (NYSE: RRR) Reports EPS $(0.49) vs. $(0.22) Estimate; Revenues $372M vs. $313.42M Estimate

Shares of United Rentals, Inc. (NYSE: URI) are lower on the session by 9.59%, trading at $28.48. Overall put volume is now running at 4.13x the daily average, with 24% of all puts traded being purchases on the offer. 1,940 contracts have traded on the session so far. United Rentals, Inc. is a...

United Rentals (NYSE: URI) today announced a management realignment that included the promotion of Matt Flannery to executive vice president, operations and sales. In his new role, Flannery will continue to have overall responsibility for leading our general rental and aerial operations. “I am...

United Rentals (NYSE: URI) Reports Q1 EPS of $(0.32) vs. $(0.12); Revenues $532M vs. $551M

The Fastenal Company of Winona, MN (Nasdaq: FAST) announced today that its board of directors approved a two-for-one stock split of the Company's outstanding common stock. Holders of the Company's common stock of record at the close of business on May 2, 2011, will receive one additional share of...

Shares of Fastenal Company (NASDAQ: FAST) are lower on the session by 0.24%, trading at $63.59. Overall call volume is now running at 3.11x the daily average, with 5% of all calls traded being purchases on the offer. 4,115 contracts have traded on the session so far. Fastenal Company sells...