42,110 Shares in Fastenal Company $FAST Bought by Allstate Corp

Allstate Corp purchased a new stake in shares of Fastenal Company (NASDAQ:FAST) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 42,110 shares of the company’s stock, valued at approximately $2,065,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Integrated Wealth Concepts LLC increased its stake in Fastenal by 2.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,276 shares of the company’s stock valued at $487,000 after purchasing an additional 147 shares in the last quarter. Sowell Financial Services LLC increased its stake in shares of Fastenal by 4.7% in 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 boosted its stake in shares of Fastenal by 1.7% in the third quarter. Rowlandmiller & PARTNERS.ADV now owns 14,704 shares of the company’s stock worth $721,000 after acquiring an additional 250 shares during the period. SOA Wealth Advisors LLC. raised its position in shares of Fastenal by 71.6% during the third quarter. SOA Wealth Advisors LLC. now owns 611 shares of the company’s stock valued at $30,000 after buying an additional 255 shares during the last quarter. Finally, Harfst & Associates Inc. grew its position in shares of Fastenal by 0.4% during the third quarter. Harfst & Associates Inc. now owns 63,720 shares of the company’s stock valued at $3,125,000 after purchasing an additional 256 shares in the last quarter. 81.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on FAST. Jefferies Financial Group set a $52.00 price objective on shares of Fastenal and gave the stock a “buy” rating in a research note on Monday, December 15th. Barclays dropped their price objective on Fastenal from $45.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 13th. UBS Group raised shares of Fastenal from a “hold” rating to a “buy” rating and upped their price target for the stock from $45.00 to $52.00 in a research report on Monday, December 15th. Weiss Ratings restated a “buy (b-)” rating on shares of Fastenal in a report on Monday, December 29th. Finally, Robert W. Baird lowered their price target on Fastenal from $53.00 to $49.00 and set an “outperform” rating for the company in a report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $48.73.

Key Stories Impacting Fastenal

Here are the key news stories impacting Fastenal this week:

• Positive Sentiment: Company raised the quarterly dividend (record/ex-dividend timing noted), supporting yield and capital return story—helps long-term investor appeal. Fastenal on MarketBeat
• Positive Sentiment: Management highlighted continued digital-led growth and operational improvements on the earnings call, which could drive higher sales efficiency and longer-term margin recovery. Earnings Call Highlights
• Neutral Sentiment: GAAP EPS of $0.26 matched consensus; revenue was $2.03B (about $10M below consensus) and rose ~11% year-over-year—so top-line growth exists but missed the mark. BusinessWire Press Release
• Neutral Sentiment: MarketBeat and other commentators note institutional buying at current levels and call the pullback a potential buying opportunity if macro/sector indicators improve. The Nuts and Bolts of Fastenal Earnings—And What Comes Next
• Negative Sentiment: Margins disappointed: management cited higher inventory costs and tariffs as contributors to gross-margin pressure; operating/margin trends are a key near-term risk for earnings. Benzinga: Tariffs and Inventory Costs
• Negative Sentiment: Analysts reiterated cautious stances (multiple Hold ratings, price targets ~ $45–$46), signaling limited near-term upside and reinforcing selling pressure after the print. TipRanks: Hold from Morgan Stanley
• Negative Sentiment: Shares dropped on the print (high volume), with outlets highlighting the revenue miss and margin headwinds as reasons for the decline—near-term sentiment turned negative. Investing.com: Shares Fall After Q4

Insider Activity at Fastenal

In other news, Director Hsenghung Sam Hsu acquired 1,000 shares of the business’s stock in a transaction on Thursday, November 13th. The stock was bought at an average price of $49.58 per share, for a total transaction of $49,580.00. Following the transaction, the director owned 10,000 shares in the company, valued at $495,800. This represents a 11.11% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Sarah N. Nielsen bought 1,000 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were acquired at an average cost of $39.60 per share, with a total value of $39,600.00. Following the completion of the purchase, the director owned 5,000 shares in the company, valued at approximately $198,000. This represents a 25.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.37% of the company’s stock.

Fastenal Trading Down 2.6%

Shares of FAST stock opened at $42.62 on Wednesday. The stock has a market cap of $48.93 billion, a price-to-earnings ratio of 39.83, a PEG ratio of 3.15 and a beta of 0.90. The company has a current ratio of 4.26, a quick ratio of 2.19 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average price is $41.25 and its 200-day moving average price is $44.43. Fastenal Company has a twelve month low of $35.31 and a twelve month high of $50.63.

Fastenal (NASDAQ:FAST) last posted its earnings results on Tuesday, January 20th. The company reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. The company had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Fastenal had a net margin of 15.34% and a return on equity of 32.69%. Fastenal’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.46 earnings per share. As a group, equities analysts predict that Fastenal Company will post 2.15 earnings per share for the current year.

Fastenal Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Thursday, January 29th will be paid a $0.24 dividend. This is a boost from Fastenal’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Thursday, January 29th. Fastenal’s payout ratio is 82.24%.

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.