Andra AP fonden Lowers Stock Holdings in Fastenal (NASDAQ:FAST)

Andra AP fonden trimmed its stake in Fastenal (NASDAQ:FAST) by 15.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 106,700 shares of the company’s stock after selling 20,200 shares during the period. Andra AP fonden’s holdings in Fastenal were worth $3,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. lifted its position in shares of Fastenal by 94.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 774 shares of the company’s stock worth $25,000 after purchasing an additional 375 shares during the period. Advisors Preferred LLC purchased a new stake in shares of Fastenal in the 2nd quarter worth approximately $26,000. Wealthcare Advisory Partners LLC lifted its position in shares of Fastenal by 101.2% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 843 shares of the company’s stock worth $27,000 after purchasing an additional 424 shares during the period. FTB Advisors Inc. purchased a new stake in shares of Fastenal in the 2nd quarter worth approximately $29,000. Finally, Bedel Financial Consulting Inc. lifted its position in shares of Fastenal by 100.0% in the 2nd quarter. Bedel Financial Consulting Inc. now owns 972 shares of the company’s stock worth $32,000 after purchasing an additional 486 shares during the period. 84.09% of the stock is owned by institutional investors.

NASDAQ FAST opened at $34.96 on Tuesday. The company has a quick ratio of 2.06, a current ratio of 4.51 and a debt-to-equity ratio of 0.23. The firm has a market cap of $20.37 billion, a PE ratio of 25.93, a price-to-earnings-growth ratio of 1.83 and a beta of 1.24. The company has a 50 day moving average price of $36.33 and a 200 day moving average price of $33.92. Fastenal has a 52 week low of $24.60 and a 52 week high of $37.91.

Fastenal (NASDAQ:FAST) last posted its quarterly earnings data on Friday, October 11th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.38 billion. Fastenal had a net margin of 14.77% and a return on equity of 32.03%. Fastenal’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.34 EPS. On average, equities research analysts anticipate that Fastenal will post 1.38 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 25th were paid a dividend of $0.22 per share. The ex-dividend date was Thursday, October 24th. This represents a $0.88 annualized dividend and a dividend yield of 2.52%. Fastenal’s dividend payout ratio (DPR) is presently 66.67%.

Several equities research analysts have recently weighed in on the stock. Robert W. Baird upped their price target on shares of Fastenal from $34.00 to $37.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Buckingham Research upped their price target on shares of Fastenal from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 15th. Morgan Stanley upped their price target on shares of Fastenal from $29.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Monday, October 14th. Stephens cut shares of Fastenal from an “overweight” rating to an “equal” rating and upped their price target for the stock from $36.00 to $37.00 in a research report on Monday, October 14th. Finally, Edward Jones cut shares of Fastenal from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $69.25.

In related news, insider William Joseph Drazkowski sold 16,666 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $36.77, for a total transaction of $612,808.82. Following the completion of the transaction, the insider now owns 19,456 shares in the company, valued at approximately $715,397.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Sheryl Ann Lisowski sold 5,615 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $33.50, for a total transaction of $188,102.50. Following the transaction, the chief accounting officer now owns 10,382 shares of the company’s stock, valued at approximately $347,797. The disclosure for this sale can be found here. In the last quarter, insiders have sold 195,985 shares of company stock valued at $7,167,824. 0.62% of the stock is currently owned by company 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, and internationally. It offers fasteners, and other industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, such as 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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