Fastenal Company $FAST Shares Purchased by Railway Pension Investments Ltd

Railway Pension Investments Ltd increased its position in shares of Fastenal Company (NASDAQ:FAST) by 1.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,884,710 shares of the company’s stock after buying an additional 24,600 shares during the period. Railway Pension Investments Ltd owned 0.16% of Fastenal worth $92,426,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FAST. Integrated Wealth Concepts LLC boosted its stake in shares of Fastenal by 2.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,276 shares of the company’s stock worth $487,000 after acquiring an additional 147 shares in the last quarter. Advisory Alpha LLC raised its holdings in Fastenal by 5.8% in the 1st quarter. Advisory Alpha LLC now owns 3,407 shares of the company’s stock worth $264,000 after purchasing an additional 187 shares during the period. Sowell Financial Services LLC boosted its position in Fastenal by 4.7% during the third quarter. Sowell Financial Services LLC now owns 5,308 shares of the company’s stock worth $260,000 after purchasing an additional 238 shares in the last quarter. Rowlandmiller & PARTNERS.ADV increased its position in shares of Fastenal by 1.7% in the third quarter. Rowlandmiller & PARTNERS.ADV now owns 14,704 shares of the company’s stock valued at $721,000 after buying an additional 250 shares in the last quarter. Finally, SOA Wealth Advisors LLC. raised its stake in shares of Fastenal by 71.6% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 611 shares of the company’s stock worth $30,000 after buying an additional 255 shares during the period. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Insider Buying and Selling at Fastenal

In other Fastenal news, Director Hsenghung Sam Hsu bought 1,000 shares of Fastenal stock in a transaction dated Thursday, November 13th. The stock was acquired at an average cost of $49.58 per share, with a total value of $49,580.00. Following the completion of the acquisition, the director owned 10,000 shares of the company’s stock, valued at approximately $495,800. This represents a 11.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sarah N. Nielsen bought 1,000 shares of the company’s stock in a transaction dated Wednesday, November 19th. The stock was bought at an average cost of $39.60 per share, for a total transaction of $39,600.00. Following the acquisition, the director owned 5,000 shares of the company’s stock, valued at approximately $198,000. This trade represents a 25.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders bought 3,000 shares of company stock valued at $131,630. Company insiders own 0.37% of the company’s stock.

Fastenal Trading Up 0.8%

NASDAQ:FAST opened at $40.44 on Monday. The stock has a fifty day moving average price of $41.03 and a 200 day moving average price of $44.40. The company has a current ratio of 4.26, a quick ratio of 2.19 and a debt-to-equity ratio of 0.03. Fastenal Company has a 12-month low of $35.31 and a 12-month high of $50.63. The firm has a market cap of $46.43 billion, a PE ratio of 37.79, a price-to-earnings-growth ratio of 2.90 and a beta of 0.90.

Fastenal (NASDAQ:FAST) last announced its quarterly earnings data on Tuesday, October 14th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). Fastenal had a net margin of 15.34% and a return on equity of 32.69%. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the previous year, the business posted $0.26 EPS. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. Sell-side analysts anticipate that Fastenal Company will post 2.15 earnings per share for the current fiscal year.

Fastenal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Tuesday, October 28th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Tuesday, October 28th. Fastenal’s payout ratio is currently 82.24%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Sanford C. Bernstein reissued an “underperform” rating on shares of Fastenal in a research note on Monday, December 29th. Jefferies Financial Group set a $52.00 target price on shares of Fastenal and gave the stock a “buy” rating in a research note on Monday, December 15th. Wolfe Research raised Fastenal from an “underperform” rating to a “peer perform” rating and set a $43.00 price target for the company in a report on Thursday, November 13th. Weiss Ratings reissued a “buy (b-)” rating on shares of Fastenal in a report on Monday, December 29th. Finally, UBS Group upgraded shares of Fastenal from a “hold” rating to a “buy” rating and boosted their target price for the company from $45.00 to $52.00 in a report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $48.73.

Fastenal Company Profile

Fastenal (NASDAQ: FAST) is a wholesale distributor of industrial and construction supplies, best known for its broad assortment of fasteners such as bolts, nuts, screws and anchors. Founded in Winona, Minnesota, Fastenal has grown from a regional supplier into a national and international distributor serving a wide range of end markets, including manufacturing, construction, maintenance, repair and operations (MRO), and government customers. The company is publicly traded and operates through a network of locally staffed branches combined with national distribution capabilities.

Product offerings extend beyond fasteners to include tools, safety and personal protective equipment, power transmission components, cutting and welding supplies, janitorial and material handling items, and other industrial consumables.