Fastenal (NASDAQ:FAST) Shares Sold by Perigon Wealth Management LLC

Perigon Wealth Management LLC decreased its holdings in shares of Fastenal (NASDAQ:FAST) by 42.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,248 shares of the company’s stock after selling 2,371 shares during the quarter. Perigon Wealth Management LLC’s holdings in Fastenal were worth $210,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. raised its position in shares of Fastenal by 131.7% during the 2nd quarter. Sunbelt Securities Inc. now owns 600 shares of the company’s stock worth $35,000 after purchasing an additional 341 shares during the period. Quarry LP increased its position in Fastenal by 184.9% in the first quarter. Quarry LP now owns 678 shares of the company’s stock worth $37,000 after buying an additional 440 shares during the period. Resurgent Financial Advisors LLC bought a new stake in Fastenal in the fourth quarter valued at $33,000. Cornerstone Planning Group LLC acquired a new position in shares of Fastenal during the second quarter valued at $49,000. Finally, FinTrust Capital Advisors LLC grew its position in shares of Fastenal by 158.8% during the fourth quarter. FinTrust Capital Advisors LLC now owns 1,100 shares of the company’s stock worth $52,000 after acquiring an additional 675 shares during the last quarter. Institutional investors own 81.38% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FAST. Robert W. Baird cut their price objective on shares of Fastenal from $77.00 to $71.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. HSBC boosted their price objective on Fastenal from $59.00 to $64.00 and gave the stock a “hold” rating in a research report on Monday. Stifel Nicolaus raised their target price on Fastenal from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Finally, Loop Capital reduced their price target on Fastenal from $71.00 to $66.00 and set a “hold” rating for the company in a research report on Monday. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $67.67.

Insider Buying and Selling at Fastenal

In related news, EVP Anthony Paul Broersma sold 5,586 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $69.34, for a total value of $387,333.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Anthony Paul Broersma sold 5,586 shares of Fastenal stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $69.34, for a total value of $387,333.24. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Charles S. Miller sold 23,590 shares of the stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $69.25, for a total value of $1,633,607.50. The disclosure for this sale can be found here. In the last three months, insiders sold 105,682 shares of company stock valued at $7,375,853. 0.41% of the stock is owned by insiders.

Fastenal Trading Down 0.5 %

Fastenal stock opened at $68.48 on Thursday. Fastenal has a 12-month low of $52.28 and a 12-month high of $79.04. The stock has a market capitalization of $39.19 billion, a PE ratio of 33.90, a price-to-earnings-growth ratio of 3.62 and a beta of 1.05. The firm has a 50 day simple moving average of $73.70 and a 200-day simple moving average of $66.20. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.83 and a quick ratio of 2.49.

Fastenal (NASDAQ:FAST) last issued its quarterly earnings results on Thursday, April 11th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.91 billion. Fastenal had a net margin of 15.68% and a return on equity of 33.98%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.52 earnings per share. As a group, equities research analysts expect that Fastenal will post 2.13 EPS for the current fiscal year.

Fastenal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, April 25th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Wednesday, April 24th. Fastenal’s dividend payout ratio (DPR) is presently 77.23%.

About Fastenal

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, North America, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, bolts, nuts, screws, studs, and related washers that are used in manufactured products and construction projects, as well as in the maintenance and repair of machines.