Trading Companies & Distributors

According to Piper Jaffray, Fastenal Company (NASDAQ: FAST) reported July average daily sales growth of 22.4%, impressive in the face of the 24.4% comp it was up against, and ahead of the 19% estimate. Piper Jaffray said that the third quarter represents the toughest comp period of CY11, and with...

J.P. Morgan is out with its report today on FLY Leasing (NYSE: FLY), raising its PT from $15 to $16.50. In its report, J.P. Morgan writes, "Last night FLY announced the purchase of 49 aircraft, effectively increasing its aircraft under management from 60 to 109. Having otherwise lacked a...

JP Morgan has raised the price target on FLY Leasing (NYSE: FLY) from $15 to $16.50 and maintains its Neutral rating.

American Steamship Company, a subsidiary of GATX Corporation (NYSE: GMT) announced its employees who are members of the American Maritime Officers union went on strike following the expiration of the AMO labor contract on August 1, 2011. The AMO agreement covered the licensed crew members employed...

Shares of United Rentals (NYSE: URI) are lower on the session by 3.39%, trading at $22.48. Overall put volume is now running at 2.14x the daily average, with 1% of all puts traded being purchases on the offer. 1,220 contracts have traded on the session so far. United Rentals, Inc. is a holding...

Bank of America has published a report on TAL International (NYSE: TAL) lowering the price target but also reporting an increase in other metrics, such as EPS. In the report, Bank of America wrote, "TAL International posted normalized EPS of $0.99, topping our $0.82 target and consensus' $0.83....

Bank of America has lowered the price objective on TAL International (NYSE: TAL) from $43 to $40 and maintains its Buy rating.

Shares of RSC Holdings (NYSE: RRR) are lower on the session by 3.69%, trading at $12.27. Overall call volume is now running at 75.37x the daily average, with 0% of all calls traded being purchases on the offer. 3,241 contracts have traded on the session so far. RSC Holdings Inc. is an equipment...

Piper Jaffray has lowered its price target on Watsco (NYSE: WSO) from $69 to $63 following less than stellar 2Q results from the company. Says Piper Jaffray, in the report, “Watsco's 2Q results fell well short of estimates as the HVAC market is clearly suffering from a demand hangover related to...

Piper Jaffray has lowered the price target on Watsco (NYSE: WSO) from $69 to $63 and maintains its Neutral rating.

Click here for a FREE Trading Course Each month I update a fundamental/technical screen at Scott's Investments and track the results real-time. June's list of 14 stocks is here and the top 10 rated stocks returned an average of  6.20% versus 5.08% for SPY. The entire list of 14 stocks last...

DXP Enterprises, Inc. (NASDAQ: DXPE) today announced the successful amendment of its credit facility. The amendment reduced the effective interest rates by approximately 75 basis points, extended the maturity date to July 26, 2016 and modified covenants to increase DXP's ability to complete future...

Willis Lease Finance Corporation (Nasdaq: WLFC), announced today it has promoted Donald A. Nunemaker to serve as its President. Charles F. Willis continues to serve as Chairman and Chief Executive Officer. "Don has made many significant contributions in a variety of capacities since joining...

Watsco, Inc. (NYSE: WSO) today announced that a definitive agreement has been executed to add Carrier Corporation's HVAC distribution operations in Mexico to their existing joint venture. The transaction is expected to close on July 29, 2011. Carrier's company-operated Mexico distribution network...

BlueLinx Holdings Inc. (NYSE: BXC) today announced the expiration of the subscription period for its previously announced $60 million rights offering. The subscription period for the rights offering expired at 5:00 p.m., New York City time, on July 22, 2011. The rights offering was fully subscribed...