Fastenal (FAST) (FRO) (GCAP) (GST) (GTE) (GWW) Downgraded

Fastenal (NASDAQ: FAST), Frontline Ltd. (NYSE: FRO), Gain Capital Holdings (NASDAQ: GCAP), Gastar Exploration (NYSE: GST), Gran Tierra Energy Inc. (NYSE: GTE) and W.W. Grainger, Inc. (NYSE: GWW) were downgraded by analysts.

Fastenal (FAST) was downgraded by Robert W. Baird from an “Outperform” rating to a “Neutral” rating. They have a price target of $36.00 on the company, down from $38.00.

Frontline Ltd. (FRO) was downgraded by Dahlman Rose from a “Hold” rating to a “Sell” rating. They have a price target of $20.00 on the company.

Gain Capital Holdings (GCAP) was downgraded by Raymond James (NYSE:RJF) from an “Outperform” rating to a “Market Perform” rating.

Gastar Exploration (GST) was downgraded by SunTrust (NYSE:STI) from a “Buy” rating to a “Neutral” rating.

Gran Tierra Energy Inc. (GTE) was downgraded by SunTrust from a “Buy” rating to a “Neutral” rating.

W.W. Grainger, Inc. (GWW) was downgraded by Robert W. Baird from an “Outperform” rating to a “Neutral” rating. They have a price target of $159.00 on the company, down from $175.00.

ReneSola (SOL) (SFY) (MRO) (FAST) (ERTS) Price Targets Changed by Analysts

ReneSola Ltd. (NYSE: SOL), Swift Energy (NYSE: SFY), Marathon Oil Co. (NYSE: MRO), Fastenal (NASDAQ: FAST), Electronic Arts Inc (NASDAQ: ERTS) had their price targets adjusted by analysts.

Pritchard cut its price target on Swift Energy (SFY) to $54.00.

Collins Stewart lowered its price target on ReneSola (SOL) from $6.50 to $3.60. They have a “Neutral” rating on the company.

JPMorgan Chase & Co. (NYSE:JPM) cut its price target on Marathon Oil Co. (MRO) to $35.00.

Credit Suisse (NYSE:CS) boosted its price target on Fastenal (FAST) to $39.00. They have a “Neutral” rating on the company.

UBS AG (NYSE:UBS) raised its price target on Electronic Arts to $27.00. They have a “Buy” rating on the company.

Electronic Arts closed Wednesday at $23.91, falling $0.26, or 1.08 percent. Fastenal closed at $34.50, up $0.02, or 0.06 percent. Marathon Oil ended the session at $31.71, rising $0.19, or 0.60 percent. ReneSola closed at $4.81, jumping $0.10, or 2.12 percent. Swift Energy closed at $38.41, gaining $1.17, or 3.14 percent.

Dividend Yields for (PCAR) (CMI) (FAST) (FLR) (JOYG)

Indicated dividend yields for Standard & Poor's 500 Index companies PACCAR Inc (PCAR), Cummins Inc (CMI), Fastenal Co (FAST), Fluor Corp (FLR) and Joy Global Inc (JOYG).

These dividend data indicate dividend yields of companies in the Standard & Poor's 500 Index as of Saturday, April 30. The yield is determined by taking the latest declared dividend, annualized and divided by the price of the stock. Payout ratios are calculated based on latest quarterly dividend paid divided by earnings.

PACCAR Inc (PCAR) has a dividend yield of 0.90 percent on a declared dividend of $0.12. The payout ratio is 22.7 percent.

Cummins Inc (CMI) has a dividend yield of 0.87 percent on a declared dividend of $0.26. The payout ratio is 14.9 percent.

Fastenal Co (FAST) has a dividend yield of 0.78 percent on a declared dividend of $0.26. The payout ratio is 92.7 percent.

Fluor Corp (FLR) has a dividend yield of 0.71 percent on a declared dividend of $0.12. The payout ratio is 19.0 percent.

Joy Global Inc (JOYG) has a dividend yield of 0.69 percent on a declared dividend of $0.17. The payout ratio is 17.8 percent.

Fastenal's (NASDAQ:FAST) Margins Improving at Smaller Stores

Margins at Fastenal's (NASDAQ:FAST) smaller stores have reached levels believed not attainable in the past, and are driving the earnings of the company going forward.

UBS says, "We are increasing our margin forecasts to reflect good operating performance, in particular at smaller stores. In recent periods stores with $60-$100K in monthly revenue have seen EBIT margins tracking near 23%, a level once considered out of reach for a store below $125K in monthly sales. We think strong cost execution and same store sales initiatives have, and will continue to drive margins up.

"Our revenue grew 18% in 2010 on what by historical standards was modest store growth (5% in 2010, 3% in 2009), evidencing robust same store sales initiatives. A concern is tougher comps, but sales investments and a better macro should help."

UBS reiterates a "Neutral" rating on Fastenal (FAST), which closed Wednesday at $59.76, losing $1.19, or 1.95 percent. UBS raised their price target on Fastenal from $60 to $63.