Fastenal (NASDAQ:FAST) Shares Bought by Cwm LLC

Cwm LLC lifted its holdings in shares of Fastenal (NASDAQ:FAST) by 5.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,726 shares of the company’s stock after acquiring an additional 1,084 shares during the period. Cwm LLC’s holdings in Fastenal were worth $1,599,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hartford Financial Management Inc. grew its stake 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 purchasing an additional 153 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Fastenal in the 4th quarter valued at approximately $35,000. Criterion Capital Advisors LLC purchased a new position in shares of Fastenal in the 4th quarter valued at approximately $43,000. First Horizon Advisors Inc. grew its stake in shares of Fastenal by 283.2% in the 4th quarter. First Horizon Advisors Inc. now owns 755 shares of the company’s stock valued at $49,000 after purchasing an additional 558 shares during the last quarter. Finally, Frazier Financial Advisors LLC purchased a new position in shares of Fastenal in the 4th quarter valued at approximately $52,000. Institutional investors and hedge funds own 81.38% of the company’s stock.

Fastenal Stock Performance

Shares of FAST stock opened at $64.95 on Thursday. The stock has a fifty day moving average price of $66.49 and a 200 day moving average price of $68.53. The stock has a market cap of $37.19 billion, a PE ratio of 32.15, a P/E/G ratio of 3.47 and a beta of 1.02. Fastenal has a 1 year low of $53.83 and a 1 year high of $79.04. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.49 and a current ratio of 4.83.

Fastenal (NASDAQ:FAST) last released its quarterly earnings results on Thursday, April 11th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). Fastenal had a return on equity of 33.98% and a net margin of 15.68%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same period last year, the firm earned $0.52 earnings per share. The business’s revenue was up 1.9% compared to the same quarter last year. Sell-side analysts forecast that Fastenal will post 2.08 earnings per share for the current fiscal year.

Fastenal Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, April 25th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Wednesday, April 24th. Fastenal’s payout ratio is 77.23%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FAST shares. Robert W. Baird lowered their target price on Fastenal from $71.00 to $69.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 7th. Stifel Nicolaus lifted their price target on Fastenal from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Loop Capital decreased their price target on Fastenal from $71.00 to $66.00 and set a “hold” rating on the stock in a research note on Monday, April 15th. Finally, HSBC lifted their price target on Fastenal from $59.00 to $64.00 and gave the company a “hold” rating in a research note on Monday, April 15th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $68.80.

Insider Transactions at Fastenal

In other Fastenal news, Director Daniel L. Johnson purchased 3,350 shares of Fastenal stock in a transaction that occurred on Wednesday, April 17th. The stock was purchased at an average price of $68.38 per share, with a total value of $229,073.00. Following the completion of the acquisition, the director now owns 10,595 shares of the company’s stock, valued at approximately $724,486.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Hsenghung Sam Hsu acquired 500 shares of the business’s stock in a transaction on Monday, June 10th. The shares were purchased at an average price of $63.28 per share, for a total transaction of $31,640.00. Following the completion of the purchase, the director now directly owns 3,500 shares of the company’s stock, valued at approximately $221,480. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel L. Johnson acquired 3,350 shares of the business’s stock in a transaction on Wednesday, April 17th. The shares were purchased at an average price of $68.38 per share, for a total transaction of $229,073.00. Following the purchase, the director now directly owns 10,595 shares of the company’s stock, valued at $724,486.10. The disclosure for this purchase 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.