Fastenal (NASDAQ:FAST) Shares Bought by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC raised its holdings in Fastenal (NASDAQ:FASTFree Report) by 6.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,431 shares of the company’s stock after acquiring an additional 1,000 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Fastenal were worth $999,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hartford Financial Management Inc. lifted its holdings in Fastenal by 46.9% in the fourth quarter. Hartford Financial Management Inc. now owns 479 shares of the company’s stock valued at $31,000 after acquiring an additional 153 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Fastenal in the fourth quarter valued at $35,000. Criterion Capital Advisors LLC purchased a new position in shares of Fastenal in the fourth quarter valued at $43,000. First Horizon Advisors Inc. increased its position in shares of Fastenal by 283.2% in the fourth quarter. First Horizon Advisors Inc. now owns 755 shares of the company’s stock valued at $49,000 after buying an additional 558 shares in the last quarter. Finally, Frazier Financial Advisors LLC purchased a new position in shares of Fastenal in the fourth quarter valued at $52,000. Institutional investors and hedge funds own 81.38% of the company’s stock.

Analysts Set New Price Targets

FAST has been the subject of a number of research analyst reports. Robert W. Baird dropped their price target on Fastenal from $71.00 to $69.00 and set a “neutral” rating for the company in a research report on Tuesday, May 7th. Stifel Nicolaus raised their price target on Fastenal from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, March 18th. HSBC lifted their price objective on Fastenal from $59.00 to $64.00 and gave the stock a “hold” rating in a research report on Monday, April 15th. Finally, Loop Capital dropped their price objective on Fastenal from $71.00 to $66.00 and set a “hold” rating for the company in a research report on Monday, April 15th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Fastenal currently has an average rating of “Hold” and a consensus target price of $67.33.

Read Our Latest Research Report on Fastenal

Insider Buying and Selling at Fastenal

In other Fastenal news, EVP James C. Jansen sold 11,428 shares of Fastenal stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $64.07, for a total value of $732,191.96. Following the completion of the sale, the executive vice president now owns 26,176 shares in the company, valued at approximately $1,677,096.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Daniel L. Johnson acquired 3,350 shares of Fastenal stock in a transaction dated Wednesday, April 17th. The shares were acquired at an average cost of $68.38 per share, with a total value of $229,073.00. Following the purchase, the director now directly owns 10,595 shares of the company’s stock, valued at approximately $724,486.10. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP James C. Jansen sold 11,428 shares of Fastenal stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $64.07, for a total value of $732,191.96. Following the completion of the transaction, the executive vice president now directly owns 26,176 shares in the company, valued at $1,677,096.32. The disclosure for this sale can be found here. 0.41% of the stock is owned by company insiders.

Fastenal Trading Down 2.5 %

Fastenal stock opened at $64.31 on Tuesday. The company has a current ratio of 4.83, a quick ratio of 2.49 and a debt-to-equity ratio of 0.06. The stock has a market cap of $36.82 billion, a PE ratio of 31.84, a P/E/G ratio of 3.47 and a beta of 1.02. The stock has a 50-day moving average price of $69.40 and a 200 day moving average price of $68.28. Fastenal has a 52 week low of $52.86 and a 52 week high of $79.04.

Fastenal (NASDAQ:FASTGet Free Report) last posted its quarterly earnings results on Thursday, April 11th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.01). The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Fastenal had a net margin of 15.68% and a return on equity of 33.98%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 EPS. Equities research analysts predict that Fastenal will post 2.11 earnings per share for the current fiscal year.

Fastenal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, April 25th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Wednesday, April 24th. Fastenal’s dividend payout ratio (DPR) is 77.23%.

Fastenal Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Fastenal (NASDAQ:FAST)

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