ST Germain D J Co. Inc. Buys Shares of 1,559 Fastenal (NASDAQ:FAST)

ST Germain D J Co. Inc. purchased a new position in shares of Fastenal (NASDAQ:FASTFree Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,559 shares of the company’s stock, valued at approximately $112,000.

Other large investors have also made changes to their positions in the company. King Luther Capital Management Corp lifted its stake in Fastenal by 1.6% during the third quarter. King Luther Capital Management Corp now owns 8,664 shares of the company’s stock worth $619,000 after purchasing an additional 136 shares during the last quarter. Verdence Capital Advisors LLC lifted its position in shares of Fastenal by 1.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 7,628 shares of the company’s stock worth $545,000 after buying an additional 142 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Fastenal by 5.8% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,607 shares of the company’s stock valued at $186,000 after buying an additional 143 shares in the last quarter. Compass Ion Advisors LLC boosted its stake in Fastenal by 1.5% in the third quarter. Compass Ion Advisors LLC now owns 9,927 shares of the company’s stock valued at $709,000 after buying an additional 146 shares in the last quarter. Finally, Catalina Capital Group LLC grew its position in Fastenal by 4.5% in the third quarter. Catalina Capital Group LLC now owns 3,359 shares of the company’s stock valued at $240,000 after acquiring an additional 146 shares during the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Bank of America initiated coverage on shares of Fastenal in a research note on Monday, October 7th. They issued a “buy” rating and a $85.00 price target on the stock. Hsbc Global Res lowered shares of Fastenal from a “hold” rating to a “moderate sell” rating in a research report on Wednesday, December 11th. Stephens upped their price target on shares of Fastenal from $56.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, October 14th. UBS Group initiated coverage on Fastenal in a report on Wednesday, November 13th. They set a “neutral” rating and a $88.00 price objective on the stock. Finally, HSBC cut Fastenal from a “hold” rating to a “reduce” rating and set a $70.00 target price for the company. in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $77.40.

View Our Latest Report on FAST

Fastenal Trading Down 1.8 %

Shares of FAST stock opened at $71.63 on Friday. Fastenal has a 1-year low of $61.36 and a 1-year high of $84.88. The company has a current ratio of 4.40, a quick ratio of 2.29 and a debt-to-equity ratio of 0.03. The stock has a market cap of $41.04 billion, a price-to-earnings ratio of 35.64, a PEG ratio of 4.64 and a beta of 1.02. The stock has a 50-day moving average of $78.60 and a 200-day moving average of $72.60.

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

Insider Transactions at Fastenal

In other Fastenal news, VP John Lewis Soderberg sold 488 shares of Fastenal stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $76.32, for a total value of $37,244.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Daniel L. Florness sold 31,818 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $84.50, for a total transaction of $2,688,621.00. Following the transaction, the chief executive officer now directly owns 286,018 shares in the company, valued at approximately $24,168,521. This represents a 10.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 158,289 shares of company stock worth $12,639,438 over the last three months. 0.41% of the stock is owned by company insiders.

About Fastenal

(Free Report)

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.

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Institutional Ownership by Quarter for Fastenal (NASDAQ:FAST)

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