Fastenal (NASDAQ:FAST) Shares Purchased by J. W. Coons Advisors LLC

J. W. Coons Advisors LLC raised its position in Fastenal (NASDAQ:FASTFree Report) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,197 shares of the company’s stock after purchasing an additional 582 shares during the quarter. Fastenal comprises 1.1% of J. W. Coons Advisors LLC’s investment portfolio, making the stock its 16th biggest position. J. W. Coons Advisors LLC’s holdings in Fastenal were worth $4,158,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp raised its holdings in shares of Fastenal by 5.7% in the 4th quarter. Van ECK Associates Corp now owns 101,713 shares of the company’s stock valued at $6,588,000 after buying an additional 5,509 shares during the period. Raymond James & Associates grew its stake in shares of Fastenal by 3.7% in the fourth quarter. Raymond James & Associates now owns 900,171 shares of the company’s stock worth $58,304,000 after acquiring an additional 31,814 shares in the last quarter. Focus Financial Network Inc. ADV purchased a new stake in shares of Fastenal during the fourth quarter worth $1,282,000. ICW Investment Advisors LLC boosted its holdings in Fastenal by 2.0% in the fourth quarter. ICW Investment Advisors LLC now owns 36,090 shares of the company’s stock valued at $2,338,000 after purchasing an additional 694 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in Fastenal during the 4th quarter worth $13,204,000. Institutional investors and hedge funds own 81.38% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FAST. Robert W. Baird decreased their price objective on Fastenal from $71.00 to $69.00 and set a “neutral” rating for the company in a research note on Tuesday, May 7th. Stifel Nicolaus boosted their target price on shares of Fastenal from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Loop Capital cut their price target on Fastenal from $71.00 to $66.00 and set a “hold” rating on the stock in a research note on Monday, April 15th. Finally, HSBC upped 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. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $67.33.

Check Out Our Latest Analysis on Fastenal

Insider Buying and Selling

In other Fastenal news, VP Charles S. Miller sold 11,076 shares of Fastenal stock in a transaction on Friday, March 15th. The shares were sold at an average price of $75.16, for a total value of $832,472.16. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Fastenal news, VP Charles S. Miller sold 11,076 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $75.16, for a total value of $832,472.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP James C. Jansen sold 11,428 shares of the firm’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $64.07, for a total transaction of $732,191.96. Following the completion of the sale, the executive vice president now owns 26,176 shares of the company’s stock, valued at approximately $1,677,096.32. The disclosure for this sale can be found here. 0.41% of the stock is owned by company insiders.

Fastenal Stock Performance

NASDAQ FAST opened at $63.89 on Friday. The company has a fifty day moving average of $68.38 and a two-hundred day moving average of $68.27. The company has a market capitalization of $36.58 billion, a PE ratio of 31.63, a P/E/G ratio of 3.43 and a beta of 1.02. Fastenal has a 1 year low of $53.65 and a 1 year high of $79.04. 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:FASTGet Free Report) last announced its 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). 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 analyst estimates of $1.91 billion. During the same period last year, the company earned $0.52 earnings per share. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, analysts expect that Fastenal will post 2.11 earnings per share for the current year.

Fastenal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, April 25th were given a $0.39 dividend. The ex-dividend date was Wednesday, April 24th. This represents a $1.56 annualized dividend and a yield of 2.44%. Fastenal’s dividend payout ratio (DPR) is 77.23%.

Fastenal Company 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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