Fastenal (NASDAQ:FAST) Shares Purchased by General Partner Inc.

General Partner Inc. raised its stake in shares of Fastenal (NASDAQ:FASTFree Report) by 4.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,085 shares of the company’s stock after buying an additional 490 shares during the quarter. General Partner Inc.’s holdings in Fastenal were worth $855,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Hartford Financial Management Inc. boosted its holdings in shares of Fastenal by 46.9% during the fourth quarter. Hartford Financial Management Inc. now owns 479 shares of the company’s stock worth $31,000 after purchasing an additional 153 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Fastenal during the fourth quarter worth $35,000. Criterion Capital Advisors LLC purchased a new position in shares of Fastenal in the 4th quarter worth $43,000. First Horizon Advisors Inc. raised its position in shares of Fastenal by 283.2% in the 4th quarter. First Horizon Advisors Inc. now owns 755 shares of the company’s stock worth $49,000 after buying an additional 558 shares during the period. Finally, Frazier Financial Advisors LLC purchased a new position in shares of Fastenal in the 4th quarter worth $52,000. Institutional investors and hedge funds own 81.38% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Robert W. Baird cut their target price on Fastenal from $71.00 to $69.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 7th. Loop Capital cut their target price on Fastenal from $71.00 to $66.00 and set a “hold” rating on the stock in a research 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, Stifel Nicolaus increased their target price on Fastenal from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Fastenal presently has an average rating of “Hold” and a consensus target price of $68.80.

Get Our Latest Stock Analysis on Fastenal

Fastenal Stock Down 0.1 %

NASDAQ:FAST traded down $0.09 during mid-day trading on Tuesday, hitting $64.32. The company had a trading volume of 563,624 shares, compared to its average volume of 3,759,792. The business has a fifty day simple moving average of $66.90 and a 200-day simple moving average of $68.52. The company has a current ratio of 4.83, a quick ratio of 2.49 and a debt-to-equity ratio of 0.06. Fastenal has a 1 year low of $53.83 and a 1 year high of $79.04. The firm has a market capitalization of $36.83 billion, a price-to-earnings ratio of 31.89, a PEG ratio of 3.35 and a beta of 1.02.

Fastenal (NASDAQ:FASTGet Free Report) 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). The company 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 company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the business earned $0.52 earnings per share. Equities analysts forecast that Fastenal will post 2.09 earnings per share for the current fiscal year.

Fastenal Announces Dividend

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

Insider Activity

In other Fastenal news, Director Daniel L. Johnson bought 3,350 shares of the stock in a transaction dated Wednesday, April 17th. The stock was bought at an average cost of $68.38 per share, for a total transaction of $229,073.00. Following the completion of the purchase, the director now directly owns 10,595 shares of the company’s stock, valued at $724,486.10. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Daniel L. Johnson purchased 3,350 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The stock was acquired at an average cost of $68.38 per share, for a total transaction of $229,073.00. Following the completion of the purchase, the director now owns 10,595 shares of the company’s stock, valued at $724,486.10. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Hsenghung Sam Hsu purchased 500 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average price of $63.28 per share, with a total value of $31,640.00. Following the completion of the purchase, the director now directly owns 3,500 shares of the company’s stock, valued at approximately $221,480. The disclosure for this purchase can be found here. Insiders own 0.41% of the company’s stock.

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.

See Also

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Institutional Ownership by Quarter for Fastenal (NASDAQ:FAST)

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