14,105 Shares in Fastenal (NASDAQ:FAST) Purchased by SageView Advisory Group LLC

SageView Advisory Group LLC bought a new position in shares of Fastenal (NASDAQ:FAST) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 14,105 shares of the company’s stock, valued at approximately $975,000.

Several other institutional investors have also recently made changes to their positions in FAST. Hartford Financial Management Inc. grew its holdings in Fastenal by 46.9% during the 4th quarter. Hartford Financial Management Inc. now owns 479 shares of the company’s stock valued at $31,000 after buying an additional 153 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Fastenal during the 4th quarter valued at approximately $35,000. Criterion Capital Advisors LLC purchased a new position in Fastenal during the 4th quarter valued at approximately $43,000. First Horizon Advisors Inc. grew its holdings in Fastenal by 283.2% during the 4th quarter. First Horizon Advisors Inc. now owns 755 shares of the company’s stock valued at $49,000 after buying an additional 558 shares in the last quarter. Finally, Frazier Financial Advisors LLC purchased a new position in Fastenal during the 4th quarter valued at approximately $52,000. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Fastenal Trading Up 0.3 %

Shares of Fastenal stock traded up $0.22 on Friday, reaching $66.02. The company had a trading volume of 2,752,624 shares, compared to its average volume of 2,993,408. Fastenal has a 1 year low of $52.86 and a 1 year high of $79.04. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.83 and a quick ratio of 2.49. The firm has a market cap of $37.80 billion, a price-to-earnings ratio of 32.68, a P/E/G ratio of 3.48 and a beta of 1.07. The firm’s 50-day moving average price is $70.86 and its two-hundred day moving average price is $68.00.

Fastenal (NASDAQ:FAST) last issued its quarterly earnings results on Thursday, April 11th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). Fastenal had a return on equity of 33.98% and a net margin of 15.68%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the business posted $0.52 earnings per share. Fastenal’s revenue was up 1.9% on a year-over-year basis. As a group, research analysts predict that Fastenal will post 2.11 earnings per share for the current fiscal year.

Fastenal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, April 25th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend was Wednesday, April 24th. Fastenal’s dividend payout ratio is currently 77.23%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. HSBC raised their price target on Fastenal from $59.00 to $64.00 and gave the company a “hold” rating in a report on Monday, April 15th. Stifel Nicolaus lifted their target price on Fastenal from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Robert W. Baird dropped their target price on Fastenal from $71.00 to $69.00 and set a “neutral” rating for the company in a report on Tuesday, May 7th. Finally, Loop Capital dropped their target price on Fastenal from $71.00 to $66.00 and set a “hold” rating for the company in a report on Monday, April 15th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $67.33.

Insider Buying and Selling

In related news, VP Charles S. Miller sold 11,076 shares of the firm’s stock in a transaction that occurred on 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 Securities & Exchange Commission, which is available through this link. In other Fastenal news, VP Charles S. Miller sold 11,076 shares of Fastenal stock in a transaction on 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel L. Johnson bought 3,350 shares of the firm’s stock in a transaction on Wednesday, April 17th. The shares were purchased at an average cost of $68.38 per share, with a total value of $229,073.00. Following the completion of the transaction, the director now owns 10,595 shares in the company, valued at $724,486.10. The disclosure for this purchase can be found here. 0.41% of the stock is owned by corporate insiders.

Fastenal Company 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.