Roberts Glore & Co. Inc. IL cut its stake in Fastenal Co. (NASDAQ:FAST) by 2.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,436 shares of the company’s stock after selling 148 shares during the period. Roberts Glore & Co. Inc. IL’s holdings in Fastenal were worth $241,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital Fund Management S.A. purchased a new position in shares of Fastenal during the second quarter valued at about $17,477,000. Compass Capital Management Inc. boosted its position in shares of Fastenal by 4.4% in the second quarter. Compass Capital Management Inc. now owns 446,778 shares of the company’s stock valued at $19,832,000 after buying an additional 18,880 shares during the last quarter. Silvercrest Asset Management Group LLC purchased a new position in shares of Fastenal during the first quarter valued at about $249,000. HL Financial Services LLC boosted its position in shares of Fastenal by 3.2% in the second quarter. HL Financial Services LLC now owns 1,683,802 shares of the company’s stock valued at $74,744,000 after buying an additional 52,626 shares during the last quarter. Finally, Genesee Valley Trust Co. boosted its position in shares of Fastenal by 2.2% in the second quarter. Genesee Valley Trust Co. now owns 27,567 shares of the company’s stock valued at $1,224,000 after buying an additional 587 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.
Shares of Fastenal Co. (NASDAQ:FAST) traded down 0.18% during mid-day trading on Monday, hitting $38.27. The stock had a trading volume of 2,704,070 shares. The stock has a 50 day moving average price of $41.29 and a 200-day moving average price of $43.99. The company has a market cap of $11.06 billion, a PE ratio of 21.87 and a beta of 0.99. Fastenal Co. has a 52-week low of $35.10 and a 52-week high of $49.99.
Fastenal (NASDAQ:FAST) last issued its earnings results on Tuesday, October 11th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by $0.01. The business had revenue of $1.01 billion for the quarter. Fastenal had a return on equity of 26.84% and a net margin of 12.61%. The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the business posted $0.47 earnings per share. On average, equities analysts expect that Fastenal Co. will post $1.74 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 22nd. Stockholders of record on Tuesday, October 25th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date is Friday, October 21st. Fastenal’s dividend payout ratio (DPR) is 69.77%.
Several research analysts have recently issued reports on FAST shares. Zacks Investment Research upgraded Fastenal from a “sell” rating to a “hold” rating in a research note on Tuesday, September 13th. Morgan Stanley initiated coverage on Fastenal in a research report on Thursday, July 7th. They set an “equal weight” rating and a $46.00 price target for the company. Vetr cut Fastenal from a “strong-buy” rating to a “hold” rating and set a $42.46 price target for the company. in a research report on Tuesday, September 6th. Macquarie initiated coverage on Fastenal in a research report on Thursday, August 25th. They set a “neutral” rating and a $50.00 price target for the company. Finally, Argus cut Fastenal from a “buy” rating to a “hold” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $47.15.
In other Fastenal news, Director Michael J. Ancius bought 700 shares of the business’s stock in a transaction dated Thursday, October 13th. The stock was acquired at an average cost of $38.82 per share, with a total value of $27,174.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.78% of the company’s stock.
Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. The Company distributes these supplies through a network of approximately 2,600 Company-owned stores. The Company sells industrial and construction supplies to end users (business-to-business), and also has a walk-in retail business.
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