Tokio Marine Asset Management Co. Ltd. Has $748,000 Stock Position in Fastenal (NASDAQ:FAST)

Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Fastenal (NASDAQ:FAST) by 14.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,556 shares of the company’s stock after purchasing an additional 1,493 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Fastenal were worth $748,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Hartford Financial Management Inc. raised its position in shares of Fastenal by 46.9% in the 4th quarter. Hartford Financial Management Inc. now owns 479 shares of the company’s stock valued at $31,000 after acquiring an additional 153 shares during the period. Empirical Asset Management LLC raised its position in shares of Fastenal by 2.4% in the 4th quarter. Empirical Asset Management LLC now owns 7,212 shares of the company’s stock valued at $467,000 after acquiring an additional 171 shares during the period. Berkshire Bank raised its position in shares of Fastenal by 3.1% in the 3rd quarter. Berkshire Bank now owns 5,777 shares of the company’s stock valued at $316,000 after acquiring an additional 174 shares during the period. OmniStar Financial Group Inc. increased its stake in Fastenal by 1.1% during the 3rd quarter. OmniStar Financial Group Inc. now owns 15,960 shares of the company’s stock worth $873,000 after purchasing an additional 174 shares in the last quarter. Finally, Koshinski Asset Management Inc. increased its stake in Fastenal by 3.8% during the 4th quarter. Koshinski Asset Management Inc. now owns 5,075 shares of the company’s stock worth $329,000 after purchasing an additional 186 shares in the last quarter. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fastenal

In other Fastenal news, EVP Anthony Paul Broersma sold 5,586 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $69.34, for a total transaction of $387,333.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Anthony Paul Broersma sold 5,586 shares of Fastenal stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $69.34, for a total transaction of $387,333.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffery Michael Watts sold 19,420 shares of Fastenal stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $70.25, for a total value of $1,364,255.00. Following the sale, the insider now directly owns 5,940 shares of the company’s stock, valued at approximately $417,285. The disclosure for this sale can be found here. Insiders sold 36,082 shares of company stock valued at $2,584,060 in the last quarter. 0.41% of the stock is currently owned by insiders.

Fastenal Price Performance

Shares of FAST opened at $68.17 on Friday. Fastenal has a twelve month low of $52.66 and a twelve month high of $79.04. The company has a quick ratio of 2.49, a current ratio of 4.83 and a debt-to-equity ratio of 0.06. The company has a 50 day moving average of $73.41 and a 200-day moving average of $66.73. The stock has a market capitalization of $39.03 billion, a P/E ratio of 33.75, a P/E/G ratio of 3.57 and a beta of 1.05.

Fastenal (NASDAQ:FAST) last released its earnings results on Thursday, April 11th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.01). Fastenal had a net margin of 15.68% and a return on equity of 33.98%. The firm had revenue of $1.90 billion during 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 quarterly revenue was up 1.9% compared to the same quarter last year. As a group, equities research analysts forecast that Fastenal will post 2.12 EPS for the current fiscal year.

Fastenal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, April 25th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Wednesday, April 24th. Fastenal’s dividend payout ratio is 77.23%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on FAST shares. Loop Capital lowered their target price on Fastenal from $71.00 to $66.00 and set a “hold” rating for the company in a research note on Monday, April 15th. Stifel Nicolaus increased their target price on Fastenal from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. HSBC increased their target price on Fastenal from $59.00 to $64.00 and gave the stock a “hold” rating in a research note on Monday, April 15th. Finally, Robert W. Baird lowered their target price on Fastenal from $77.00 to $71.00 and set a “neutral” rating for the company in a research note on Friday, April 12th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $67.67.

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.