Park National Corp OH Has $364,000 Stake in Fastenal (NASDAQ:FAST)

Park National Corp OH lowered its holdings in shares of Fastenal (NASDAQ:FAST) by 30.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,057 shares of the company’s stock after selling 2,166 shares during the period. Park National Corp OH’s holdings in Fastenal were worth $364,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Diversified Trust Co bought a new stake in Fastenal in the fourth quarter valued at about $233,000. Pensionfund Sabic boosted its holdings in Fastenal by 30.3% during the fourth quarter. Pensionfund Sabic now owns 21,500 shares of the company’s stock valued at $1,546,000 after purchasing an additional 5,000 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Fastenal by 30.4% in the 4th quarter. GAMMA Investing LLC now owns 19,607 shares of the company’s stock valued at $1,410,000 after purchasing an additional 4,566 shares during the period. Franklin Resources Inc. raised its holdings in shares of Fastenal by 3.8% in the 3rd quarter. Franklin Resources Inc. now owns 4,572,999 shares of the company’s stock worth $350,703,000 after buying an additional 165,423 shares in the last quarter. Finally, Peapack Gladstone Financial Corp lifted its position in shares of Fastenal by 1.4% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 60,874 shares of the company’s stock worth $4,347,000 after buying an additional 845 shares during the period. Institutional investors own 81.38% of the company’s stock.

Fastenal Trading Up 0.9 %

FAST stock opened at $72.94 on Thursday. The business has a fifty day moving average of $78.84 and a 200-day moving average of $72.49. The company has a market cap of $41.79 billion, a P/E ratio of 36.29, a PEG ratio of 4.64 and a beta of 1.02. Fastenal has a twelve month low of $61.33 and a twelve month high of $84.88. The company has a quick ratio of 2.29, a current ratio of 4.40 and a debt-to-equity ratio of 0.03.

Fastenal (NASDAQ:FAST) last released its earnings results on Friday, October 11th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Fastenal had a net margin of 15.44% and a return on equity of 33.30%. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same period in the prior year, the company posted $0.52 EPS. The company’s revenue was up 3.5% compared to the same quarter last year. As a group, equities research analysts expect that Fastenal will post 2.03 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on FAST shares. Robert W. Baird increased their price objective on Fastenal from $67.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Stephens lifted their price target on shares of Fastenal from $56.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, October 14th. HSBC cut shares of Fastenal from a “hold” rating to a “reduce” rating and set a $70.00 price objective on the stock. in a research note on Wednesday, December 11th. Jefferies Financial Group lifted their target price on shares of Fastenal from $74.00 to $85.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. increased their price target on Fastenal from $57.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Fastenal currently has a consensus rating of “Hold” and an average price target of $77.40.

Insider Buying and Selling at Fastenal

In other news, Director Daniel L. Johnson sold 8,474 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $83.36, for a total value of $706,392.64. Following the completion of the sale, the director now directly owns 10,595 shares of the company’s stock, valued at $883,199.20. This represents a 44.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Sheryl Ann Lisowski sold 13,567 shares of Fastenal stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $76.19, for a total transaction of $1,033,669.73. Following the transaction, the chief accounting officer now directly owns 5,096 shares in the company, valued at $388,264.24. The trade was a 72.69 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 158,289 shares of company stock valued at $12,639,438. 0.41% of the stock is currently owned by insiders.

Fastenal 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.