Livingston Group Asset Management CO operating as Southport Capital Management Raises Position in Fastenal (NASDAQ:FAST)

Livingston Group Asset Management CO operating as Southport Capital Management grew its position in Fastenal (NASDAQ:FAST) by 3.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 41,335 shares of the company’s stock after buying an additional 1,489 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Fastenal were worth $1,527,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Neo Ivy Capital Management bought a new stake in Fastenal during the 2nd quarter worth approximately $32,000. Executive Wealth Management LLC raised its stake in Fastenal by 120.7% during the 3rd quarter. Executive Wealth Management LLC now owns 1,249 shares of the company’s stock worth $40,000 after acquiring an additional 683 shares during the period. Massmutual Trust Co. FSB ADV raised its stake in Fastenal by 97.7% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,400 shares of the company’s stock worth $46,000 after acquiring an additional 692 shares during the period. Simon Quick Advisors LLC raised its stake in Fastenal by 133.4% during the 4th quarter. Simon Quick Advisors LLC now owns 1,620 shares of the company’s stock worth $60,000 after acquiring an additional 926 shares during the period. Finally, CSat Investment Advisory L.P. raised its stake in Fastenal by 504.9% during the 2nd quarter. CSat Investment Advisory L.P. now owns 1,621 shares of the company’s stock worth $53,000 after acquiring an additional 1,353 shares during the period. 84.45% of the stock is owned by institutional investors and hedge funds.

In other Fastenal news, CAO Sheryl Ann Lisowski sold 20,578 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $36.94, for a total transaction of $760,151.32. Following the completion of the sale, the chief accounting officer now directly owns 17,266 shares of the company’s stock, valued at approximately $637,806.04. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Charles S. Miller sold 4,376 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $35.98, for a total transaction of $157,448.48. Following the sale, the executive vice president now directly owns 11,876 shares of the company’s stock, valued at $427,298.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 141,620 shares of company stock valued at $5,230,409. Insiders own 0.56% of the company’s stock.

FAST traded up $0.11 during trading on Thursday, reaching $36.90. 116,096 shares of the company traded hands, compared to its average volume of 2,870,862. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.06 and a current ratio of 4.51. Fastenal has a 12-month low of $27.01 and a 12-month high of $37.94. The firm has a fifty day simple moving average of $36.45 and a 200 day simple moving average of $33.68. The company has a market cap of $21.12 billion, a P/E ratio of 27.94, a PEG ratio of 1.80 and a beta of 1.25.

FAST has been the topic of a number of recent analyst reports. Cleveland Research restated a “hold” rating on shares of Fastenal in a research note on Tuesday, September 24th. Stephens cut shares of Fastenal from an “overweight” rating to an “equal” rating and raised their target price for the stock from $36.00 to $37.00 in a research note on Monday, October 14th. Edward Jones cut shares of Fastenal from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. BidaskClub cut shares of Fastenal from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. Finally, Raymond James cut shares of Fastenal from a “strong-buy” rating to a “market perform” rating in a research note on Monday, October 14th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. Fastenal currently has a consensus rating of “Hold” and a consensus target price of $73.78.

Fastenal 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.

Recommended Story: P/E Growth (PEG)

Institutional Ownership by Quarter for Fastenal (NASDAQ:FAST)

Receive News & Ratings for Fastenal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fastenal and related companies with MarketBeat.com's FREE daily email newsletter.