Choreo LLC Buys Shares of 10,686 Fastenal (NASDAQ:FAST)

Choreo LLC bought a new stake in shares of Fastenal (NASDAQ:FAST) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 10,686 shares of the company’s stock, valued at approximately $692,000.

A number of other large investors have also recently bought and sold shares of the stock. Raymond James & Associates boosted its holdings in shares of Fastenal by 3.7% during the fourth quarter. Raymond James & Associates now owns 900,171 shares of the company’s stock worth $58,304,000 after purchasing an additional 31,814 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Fastenal during the fourth quarter worth $13,204,000. Assenagon Asset Management S.A. boosted its holdings in shares of Fastenal by 178.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 78,030 shares of the company’s stock worth $5,054,000 after purchasing an additional 49,972 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Fastenal during the third quarter worth $1,293,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Fastenal by 77.7% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,084 shares of the company’s stock worth $70,000 after purchasing an additional 474 shares during the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FAST shares. Stifel Nicolaus raised their price objective on Fastenal from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Loop Capital decreased their price objective on Fastenal from $71.00 to $66.00 and set a “hold” rating on the stock in a report on Monday, April 15th. HSBC increased their target price on Fastenal from $59.00 to $64.00 and gave the stock a “hold” rating in a research report on Monday, April 15th. Finally, Robert W. Baird cut their target price on Fastenal from $77.00 to $71.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $67.67.

Insider Buying and Selling at Fastenal

In other news, VP Charles S. Miller sold 11,076 shares of Fastenal stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $75.16, for a total transaction of $832,472.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, VP Charles S. Miller sold 11,076 shares of Fastenal stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $75.16, for a total transaction of $832,472.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Daniel L. Johnson bought 3,350 shares of the company’s stock in a transaction dated Wednesday, April 17th. The shares were acquired at an average cost of $68.38 per share, for a total transaction of $229,073.00. Following the completion of the transaction, the director now owns 10,595 shares of the company’s stock, valued at approximately $724,486.10. The disclosure for this purchase can be found here. Insiders have sold 36,082 shares of company stock valued at $2,584,060 over the last three months. 0.41% of the stock is owned by company insiders.

Fastenal Trading Up 0.4 %

NASDAQ:FAST opened at $68.18 on Thursday. The business’s 50-day moving average is $73.29 and its two-hundred day moving average is $67.00. 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 12 month low of $52.85 and a 12 month high of $79.04. The firm has a market capitalization of $39.04 billion, a PE ratio of 33.75, a price-to-earnings-growth ratio of 3.58 and a beta of 1.05.

Fastenal (NASDAQ:FAST) last released its quarterly earnings data on Thursday, April 11th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.01). Fastenal had a net margin of 15.68% and a return on equity of 33.98%. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period last year, the business earned $0.52 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. Research analysts predict that Fastenal will post 2.12 earnings per share for the current fiscal year.

Fastenal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, April 25th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Wednesday, April 24th. Fastenal’s dividend payout ratio (DPR) is presently 77.23%.

Fastenal 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.