B. Metzler seel. Sohn & Co. Holding AG Takes Position in Fastenal (NASDAQ:FAST)


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B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Fastenal (NASDAQ:FAST) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 37,686 shares of the company’s stock, valued at approximately $2,028,000.

A number of other large investors also recently made changes to their positions in the stock. Cypress Capital Group raised its position in Fastenal by 2.5% during the 4th quarter. Cypress Capital Group now owns 9,896 shares of the company’s stock worth $483,000 after purchasing an additional 245 shares during the last quarter. Advisor Partners LLC raised its position in Fastenal by 1.9% during the 4th quarter. Advisor Partners LLC now owns 13,335 shares of the company’s stock worth $651,000 after purchasing an additional 245 shares during the last quarter. Parkside Financial Bank & Trust raised its position in Fastenal by 5.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 5,361 shares of the company’s stock worth $262,000 after purchasing an additional 261 shares during the last quarter. Penserra Capital Management LLC raised its position in Fastenal by 27.9% during the 4th quarter. Penserra Capital Management LLC now owns 1,218 shares of the company’s stock worth $59,000 after purchasing an additional 266 shares during the last quarter. Finally, Resonant Capital Advisors LLC raised its position in Fastenal by 3.2% during the 4th quarter. Resonant Capital Advisors LLC now owns 8,985 shares of the company’s stock worth $439,000 after purchasing an additional 275 shares during the last quarter. 77.13% of the stock is owned by institutional investors and hedge funds.

In related news, Director Michael J. Ancius purchased 600 shares of the business’s stock in a transaction on Thursday, January 21st. The stock was acquired at an average price of $48.42 per share, for a total transaction of $29,052.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen L. Eastman bought 1,000 shares of the business’s stock in a transaction dated Thursday, January 28th. The stock was acquired at an average price of $48.29 per share, for a total transaction of $48,290.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 6,950 shares of company stock valued at $327,042. 0.57% of the stock is currently owned by company insiders.

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered Fastenal from a “buy” rating to a “hold” rating and set a $51.00 price objective for the company. in a research report on Wednesday, December 16th. Morgan Stanley lifted their price objective on Fastenal from $47.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 21st. Finally, Zacks Investment Research lowered Fastenal from a “hold” rating to a “sell” rating and set a $54.00 price objective for the company. in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Fastenal presently has an average rating of “Hold” and an average price target of $45.70.

Shares of FAST opened at $49.93 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.39 and a quick ratio of 2.16. The stock has a 50-day moving average of $47.85 and a 200-day moving average of $47.46. The company has a market cap of $28.68 billion, a PE ratio of 34.20, a P/E/G ratio of 3.69 and a beta of 1.21. Fastenal has a one year low of $31.64 and a one year high of $51.89.

Fastenal (NASDAQ:FAST) last issued its earnings results on Tuesday, January 19th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.33 billion. Fastenal had a return on equity of 30.63% and a net margin of 15.12%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the business posted $0.31 EPS. Analysts expect that Fastenal will post 1.47 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 3rd. Stockholders of record on Wednesday, February 3rd were paid a $0.28 dividend. The ex-dividend date was Tuesday, February 2nd. This is an increase from Fastenal’s previous quarterly dividend of $0.25. This represents a $1.12 annualized dividend and a dividend yield of 2.24%. Fastenal’s dividend payout ratio (DPR) is currently 81.16%.

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, which 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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