Trading Companies & Distributors

Perrigo Company (NASDAQ: PRGO) shares moved up 7.73% to $71.37 at 11:05 am. The volume of PRGO shares traded was 457% higher than normal. PRGO announced its plans to purchase Paddock Laboratories Inc for $540 million. Sears Holdings Corporation (NASDAQ: SHLD) shares rose 5.99% to $76.50. The volume...

GATX Corporation (NYSE: GMT) today reported 2010 fourth quarter net income of $19.5 million or $.42 per diluted share, compared to net income of $21.5 million or $.45 per diluted share in the fourth quarter of 2009. The 2010 fourth quarter results include a tax benefit of $5.8 million or $.12 per...

Piper Jaffray published its report today on Watsco, (NYSE: WSO) downgrading WSO from Neutral to Underweight. In a note to clients, Piper Jaffray writes, "We are downgrading shares of Watsco based on several limiting factors for CY11 earnings growth, and what we see as a high relative valuation...

Piper Jaffray has downgraded Watsco, Inc. (NYSE: WSO) from Neutral to Underweight and has lowered the price target from $57 to $55.

United Rentals, Inc. (NYSE: URI) today announced that it has been awarded a contract for Construction, Maintenance and Operational-Related Rental Equipment by the National Joint Powers Alliance® (NJPA) and is currently the sole source equipment rental vendor for NJPA. The NJPA is a municipal...

Fastenal (NASDAQ: FAST), a business that deals in industrial supplies, reported stats for the fourth quarter on Tuesday. According to TheFly, the management team did not impress Wall Street's analysts. They were looking for 45 cents per share. Alas, the company came in shy of that number by the...

Morgan Keegan has published a research report on Fastenal Corporation (NASDAQ: FAST) after the company reported EPS below consensus but was most likely affected by higher tax rates and undisclosed "charges". In the report, Morgan Keegan writes "After adjusting SG&A for this one-time item,...

We reiterate our 'Neutral' recommendation on The Home Depot Inc. (HD). The company has been able to optimize capital allocation and concentrate on core business activities by following the strategy of shutting down underperforming stores. However, relentless job losses and a consequent check on...

Sonic Solutions (NASDAQ: SNIC) was downgraded by BMO Capital from "outperform" to "market perform." SNIC's shares closed at $15.35 yesterday. Sonic Solutions' PEG ratio is -11.82. Savient Pharmaceuticals Inc (NASDAQ: SVNT) was downgraded by BofA/Merrill from "neutral" to "underperform." SVNT's...

We reiterate our 'Neutral' recommendation on The Home Depot Inc. (HD). The company has been able to optimize capital allocation and concentrate on core business activities by following the strategy of shutting down underperforming stores. However, relentless job losses and a consequent check on...

Piper Jaffray is downgrading shares of Fastenal Company (NASDAQ: FAST) to Neutral from Outperform and cut its price target to $62 from $64. In a note to clients, Piper Jaffray writes, "We are downgrading shares of Fastenal to Neutral from Overweight as we struggle to see what catalysts Fastenal...

Piper Jaffray has downgraded Fastenal Company (NASDAQ: FAST) from Overweight to neutral and has lowered the price target from $64 to $62.

Fastenal Co.(FAST) posted a 46.3% increase in profit to $65.1 million during the fourth quarter of 2010 from $44.5 million in the year-ago quarter. Earnings per share improved 46.7% to 44 cents from 30 cents a year ago, a penny behind the Zacks Consensus Estimate of 45 cents per share. Net...

Fastenal Co.(FAST) posted a 46.3% increase in profit to $65.1 million during the fourth quarter of 2010 from $44.5 million in the year-ago quarter. Earnings per share improved 46.7% to 44 cents from 30 cents a year ago, a penny behind the Zacks Consensus Estimate of 45 cents per share. Net...

Winona, Minnesota-based Fastenal Company (Nasdaq: FAST) on Tuesday morning released financial results that missed Wall Street earnings expectations, while beating revenue expectations. Fastenal Company reported that its 4th quarter net income climbed to $65.2 million, or 44 cents per share, up from...