Fastenal Company $FAST Shares Purchased by Andra AP fonden

Andra AP fonden boosted its holdings in Fastenal Company (NASDAQ:FAST) by 4.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,028,100 shares of the company’s stock after buying an additional 43,200 shares during the quarter. Andra AP fonden’s holdings in Fastenal were worth $41,258,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Aviva PLC boosted its holdings in Fastenal by 5.6% in the fourth quarter. Aviva PLC now owns 973,891 shares of the company’s stock valued at $39,082,000 after purchasing an additional 52,011 shares in the last quarter. Logan Capital Management Inc. boosted its holdings in Fastenal by 4.4% in the fourth quarter. Logan Capital Management Inc. now owns 520,459 shares of the company’s stock valued at $20,886,000 after purchasing an additional 21,769 shares in the last quarter. Great Valley Advisor Group Inc. boosted its holdings in Fastenal by 0.4% in the fourth quarter. Great Valley Advisor Group Inc. now owns 76,253 shares of the company’s stock valued at $3,060,000 after purchasing an additional 266 shares in the last quarter. ICICI Prudential Asset Management Co Ltd boosted its holdings in Fastenal by 4.5% in the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 18,424 shares of the company’s stock valued at $739,000 after purchasing an additional 800 shares in the last quarter. Finally, Sepio Capital LP boosted its holdings in Fastenal by 2.0% in the fourth quarter. Sepio Capital LP now owns 64,638 shares of the company’s stock valued at $2,594,000 after purchasing an additional 1,295 shares in the last quarter. 81.38% of the stock is owned by institutional investors and hedge funds.

Fastenal Trading Up 0.8%

Shares of FAST stock opened at $46.39 on Friday. The business’s fifty day moving average price is $45.15 and its 200 day moving average price is $44.22. Fastenal Company has a 1-year low of $38.97 and a 1-year high of $50.63. The firm has a market capitalization of $53.26 billion, a PE ratio of 40.69, a P/E/G ratio of 2.92 and a beta of 0.73. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.39 and a quick ratio of 2.34.

Fastenal (NASDAQ:FAST) last announced its quarterly earnings data on Monday, April 13th. The company reported $0.30 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.30. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.19 billion. Fastenal had a return on equity of 33.25% and a net margin of 15.39%.Fastenal’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.52 earnings per share. As a group, sell-side analysts forecast that Fastenal Company will post 1.24 EPS for the current fiscal year.

Fastenal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, April 28th were issued a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, April 28th. This represents a $0.96 annualized dividend and a yield of 2.1%. Fastenal’s dividend payout ratio is 84.21%.

Analyst Upgrades and Downgrades

FAST has been the subject of a number of research reports. Benchmark reiterated a “buy” rating on shares of Fastenal in a research note on Thursday, March 5th. Barclays set a $46.00 price objective on Fastenal and gave the company an “equal weight” rating in a research note on Wednesday, June 3rd. Sanford C. Bernstein reiterated an “underperform” rating and issued a $42.00 price objective on shares of Fastenal in a research note on Tuesday, April 14th. Wolfe Research cut their price target on Fastenal from $46.00 to $45.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Fastenal in a research note on Friday, March 27th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $49.85.

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.