NEW YORK, November 11, 2016 /PRNewswire/ --
The U.S. Industrial Equipment Wholesale space is highly fragmented, with the 50 largest companies accounting for about 25% of industry revenue. Companies in this category distribute machinery and equipment used in manufacturing, oil and gas exploration, and production, and warehousing. This morning, Stock-Callers.com takes a moment to review the most recent performances of HD Supply Holdings Inc. (NASDAQ: HDS), Fastenal Co. (NASDAQ: FAST), WESCO International Inc. (NYSE: WCC), and W.W. Grainger Inc. (NYSE: GWW). Learn more about these stocks by downloading their free report at:
Georgia headquartered HD Supply Holdings Inc.'s stock finished Thursday's session 3.79% higher at $36.93. A total volume of 5.05 million shares was traded, which was above their three months average volume of 2.63 million shares. The Company's shares have advanced 16.90% in the past month, 2.44% over the previous three months, and 22.98% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 14.12% and 13.14%, respectively. Furthermore, shares of HD Supply Holdings, which operates as an industrial distributor in North America, have a Relative Strength Index (RSI) of 77.09.
On October 25th, 2016, research firm RBC Capital Markets reiterated its 'Sector Perform' rating on the Company's stock with an increase of the target price from $35 a share to $38 a share.
On November 09th, 2016, the company reported preliminary net sales of approximately $2.01 billion for Q3 2016, an expected increase of $66 million or 3.4%, compared to Q3 2015. The company's preliminary net income for Q3 2016 is expected to be in the range of $59 million - $60 million and preliminary net income per diluted share is expected to be in the range of $0.29 - $0.30. The free research report on HDS is available at:
On Thursday, shares in Minnesota headquartered Fastenal Co. ended the session at $44.92, up 3.05%. The stock recorded a trading volume of 5.58 million shares, which was above its three months average volume of 2.29 million shares. The Company's shares have gained 15.90% in the last one month, 4.21% over the previous three months, and 13.34% since the start of this year. The stock is trading 11.90% above its 50-day moving average and 3.99% above its 200-day moving average. Moreover, shares of Fastenal, which together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the US, Canada, and internationally, have an RSI of 77.44.
On October 14th, 2016, research firm Argus downgraded the Company's stock rating from 'Buy' to 'Hold'. The complimentary report on FAST can be downloaded at:
Pennsylvania headquartered WESCO International Inc.'s stock ended yesterday's session 6.49% higher at $61.55. A total volume of 1.00 million shares was traded, which was above their three months average volume of 657,460 shares. The Company's shares have advanced 1.58% in the past month, 7.87% in the previous three months, and 40.91% on an YTD basis. The stock is trading 4.82% above its 50-day moving average and 12.48% above its 200-day moving average. Additionally, shares of WESCO International, which distributes electrical, industrial, and communication maintenance, repair, and operating products; and original equipment manufacturers products and construction materials in North America and internationally, have an RSI of 64.22.
On October 27th, 2016, WESCO reported that net sales were $1.86 billion for Q3 2016, compared to $1.92 billion for Q3 2015; a decrease of 3.6%. Operating profit as a percentage of net sales was 5.0% for Q3 2016 compared to 5.5% for Q3 2015. Net loss attributable to WESCO was $31.6 million for Q3 2016 compared to net income of $63.5 million for Q3 2015.
On November 01st, 2016, research firm Buckingham Research upgraded the Company's stock rating from 'Neutral' to 'Buy'. Visit us today and download our complete research report on WCC for free at:
At the close on Thursday, shares in Lake Forest, Illinois-based W.W. Grainger Inc. recorded a trading volume of 1.27 million shares, which was above their three months average volume of 534,080 shares. The stock finished 3.17% higher at $227.25. The Company's shares have gained 4.82% in the last one month and 14.75% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 5.30% and 3.41%, respectively. Furthermore, shares of W.W. Grainger, which distributes maintenance, repair, and operating supplies; and other related products and services that are used by businesses and institutions, have an RSI of 69.12.
On October 19th, 2016, research firm Stifel reiterated its 'Hold' rating on the Company's stock with a decrease of the target price from $235 a share to $216 a share.
On November 07th, 2016, Grainger announced that it will host its Annual Analyst Meeting on November 11th, 2016, in Lake Forest, Illinois. Get free access to your technical report on GWW at:
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