Mn Services Vermogensbeheer B.V. Has $14.11 Million Holdings in Fastenal (NASDAQ:FAST)

Mn Services Vermogensbeheer B.V. decreased its holdings in shares of Fastenal (NASDAQ:FAST) by 2.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 224,556 shares of the company’s stock after selling 6,500 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Fastenal were worth $14,111,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp increased its position in Fastenal by 5.7% during the 4th quarter. Van ECK Associates Corp now owns 101,713 shares of the company’s stock worth $6,588,000 after purchasing an additional 5,509 shares in the last quarter. Nomura Holdings Inc. acquired a new position in shares of Fastenal during the fourth quarter worth $747,000. Focus Financial Network Inc. ADV acquired a new position in shares of Fastenal during the fourth quarter worth $1,282,000. ICW Investment Advisors LLC lifted its stake in shares of Fastenal by 2.0% in the 4th quarter. ICW Investment Advisors LLC now owns 36,090 shares of the company’s stock valued at $2,338,000 after acquiring an additional 694 shares during the last quarter. Finally, Clear Rock Advisors LLC acquired a new stake in shares of Fastenal during the 4th quarter valued at $2,936,000. Institutional investors and hedge funds own 81.38% of the company’s stock.

Fastenal Trading Up 0.9 %

FAST stock traded up $0.59 during trading on Friday, hitting $68.10. The company had a trading volume of 1,436,259 shares, compared to its average volume of 3,555,734. The stock has a market cap of $38.99 billion, a PE ratio of 33.88, a PEG ratio of 3.65 and a beta of 1.01. The business has a 50-day moving average of $66.17 and a 200-day moving average of $68.86. The company has a current ratio of 4.39, a quick ratio of 2.29 and a debt-to-equity ratio of 0.04. Fastenal has a one year low of $53.83 and a one year high of $79.04.

Fastenal (NASDAQ:FAST) last posted its quarterly earnings data on Friday, July 12th. The company reported $0.51 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. Fastenal had a net margin of 15.54% and a return on equity of 33.54%. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period in the prior year, the firm posted $0.52 EPS. The company’s quarterly revenue was up 1.8% on a year-over-year basis. Research analysts predict that Fastenal will post 2.05 earnings per share for the current fiscal year.

Fastenal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, July 26th were issued a dividend of $0.39 per share. The ex-dividend date was Friday, July 26th. This represents a $1.56 dividend on an annualized basis and a yield of 2.29%. Fastenal’s payout ratio is currently 77.61%.

Analyst Ratings Changes

FAST has been the subject of a number of recent research reports. Jefferies Financial Group lowered their target price on Fastenal from $74.00 to $65.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Robert W. Baird dropped their price objective on shares of Fastenal from $71.00 to $69.00 and set a “neutral” rating for the company in a report on Tuesday, May 7th. Stifel Nicolaus reiterated a “buy” rating and set a $80.00 target price (down from $85.00) on shares of Fastenal in a research report on Monday, July 15th. Finally, Stephens restated an “equal weight” rating and issued a $56.00 price target on shares of Fastenal in a research report on Monday, July 15th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $66.67.

Insiders Place Their Bets

In other news, CEO Daniel L. Florness sold 45,744 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $68.14, for a total value of $3,116,996.16. Following the transaction, the chief executive officer now directly owns 286,018 shares of the company’s stock, valued at approximately $19,489,266.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Daniel L. Florness sold 45,744 shares of Fastenal stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $68.14, for a total value of $3,116,996.16. Following the completion of the sale, the chief executive officer now owns 286,018 shares in the company, valued at approximately $19,489,266.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James C. Jansen sold 11,428 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $64.07, for a total transaction of $732,191.96. Following the transaction, the executive vice president now owns 26,176 shares in the company, valued at approximately $1,677,096.32. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

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.