Cwm LLC Acquires 852 Shares of Fastenal (NASDAQ:FAST)

Cwm LLC increased its holdings in shares of Fastenal (NASDAQ:FAST) by 4.5% in the fourth quarter, HoldingsChannel reports. The firm owned 19,642 shares of the company’s stock after buying an additional 852 shares during the period. Cwm LLC’s holdings in Fastenal were worth $1,272,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Exchange Traded Concepts LLC boosted its holdings in shares of Fastenal by 29.0% during the third quarter. Exchange Traded Concepts LLC now owns 13,092 shares of the company’s stock worth $715,000 after acquiring an additional 2,944 shares during the period. Czech National Bank boosted its holdings in shares of Fastenal by 47.7% during the third quarter. Czech National Bank now owns 99,857 shares of the company’s stock worth $5,456,000 after acquiring an additional 32,260 shares during the period. Handelsbanken Fonder AB boosted its holdings in shares of Fastenal by 2.6% during the third quarter. Handelsbanken Fonder AB now owns 273,477 shares of the company’s stock worth $14,943,000 after acquiring an additional 6,873 shares during the period. Valeo Financial Advisors LLC boosted its stake in shares of Fastenal by 49.9% in the third quarter. Valeo Financial Advisors LLC now owns 7,845 shares of the company’s stock valued at $429,000 after buying an additional 2,611 shares during the period. Finally, Bfsg LLC boosted its stake in shares of Fastenal by 4.5% in the third quarter. Bfsg LLC now owns 63,391 shares of the company’s stock valued at $3,464,000 after buying an additional 2,707 shares during the period. Institutional investors own 81.38% of the company’s stock.

Fastenal Stock Up 0.0 %

NASDAQ FAST opened at $68.17 on Friday. The business has a fifty day moving average price of $73.41 and a two-hundred day moving average price of $66.80. 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 has a fifty-two week low of $52.66 and a fifty-two week high of $79.04. The stock has a market capitalization of $39.03 billion, a PE ratio of 33.75, a PEG ratio of 3.57 and a beta of 1.05.

Fastenal (NASDAQ:FAST) last announced its quarterly earnings results on Thursday, April 11th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). Fastenal had a net margin of 15.68% and a return on equity of 33.98%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the previous year, the company posted $0.52 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. Equities analysts expect that Fastenal will post 2.12 earnings per share for the current fiscal year.

Fastenal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, April 25th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.29%. The ex-dividend date is Wednesday, April 24th. Fastenal’s dividend payout ratio is currently 77.23%.

Wall Street Analysts Forecast Growth

FAST has been the subject of several recent research reports. Robert W. Baird cut their price target on Fastenal from $77.00 to $71.00 and set a “neutral” rating for the company in a research note on Friday, April 12th. Stifel Nicolaus boosted their price target on Fastenal from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, March 18th. HSBC boosted their price target on Fastenal from $59.00 to $64.00 and gave the company a “hold” rating in a research note on Monday, April 15th. Finally, Loop Capital cut their target price on Fastenal from $71.00 to $66.00 and set a “hold” rating for the company in a research note on Monday, April 15th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $67.67.

Insider Buying and Selling

In other Fastenal news, Director Daniel L. Johnson purchased 3,350 shares of the firm’s stock in a transaction on Wednesday, April 17th. The stock was purchased at an average cost of $68.38 per share, for a total transaction of $229,073.00. Following the acquisition, the director now owns 10,595 shares in the company, valued at approximately $724,486.10. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In other Fastenal news, Director Daniel L. Johnson purchased 3,350 shares of the firm’s stock in a transaction on Wednesday, April 17th. The stock was purchased at an average cost of $68.38 per share, for a total transaction of $229,073.00. Following the acquisition, the director now owns 10,595 shares in the company, valued at approximately $724,486.10. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Anthony Paul Broersma sold 5,586 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $69.34, for a total value of $387,333.24. The disclosure for this sale can be found here. Insiders sold a total of 36,082 shares of company stock valued at $2,584,060 in the last three months. Insiders own 0.41% of the company’s stock.

Fastenal Company Profile

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.