Private Advisor Group LLC lessened its holdings in Fastenal (NASDAQ:FAST) by 44.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,551 shares of the company’s stock after selling 9,354 shares during the period. Private Advisor Group LLC’s holdings in Fastenal were worth $640,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in FAST. Exane Derivatives purchased a new stake in shares of Fastenal during the 4th quarter worth $110,000. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Fastenal during the 3rd quarter worth $114,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Fastenal during the 4th quarter worth $115,000. Cable Hill Partners LLC purchased a new stake in shares of Fastenal during the 3rd quarter worth $126,000. Finally, Dearborn Partners LLC purchased a new stake in shares of Fastenal during the 3rd quarter worth $200,000. 85.08% of the stock is owned by institutional investors and hedge funds.
Fastenal (NASDAQ:FAST) opened at $54.19 on Friday. The company has a quick ratio of 2.40, a current ratio of 5.51 and a debt-to-equity ratio of 0.20. The company has a market cap of $15,639.90, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of 1.55 and a beta of 1.03. Fastenal has a one year low of $39.79 and a one year high of $57.81.
Fastenal (NASDAQ:FAST) last posted its quarterly earnings data on Wednesday, January 17th. The company reported $0.45 EPS for the quarter, meeting analysts’ consensus estimates of $0.45. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. Fastenal had a net margin of 13.18% and a return on equity of 27.39%. Fastenal’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.40 earnings per share. equities research analysts anticipate that Fastenal will post 2.5 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Wednesday, January 31st will be paid a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This is a positive change from Fastenal’s previous quarterly dividend of $0.32. This represents a $1.48 dividend on an annualized basis and a yield of 2.73%. Fastenal’s payout ratio is currently 73.63%.
Several equities research analysts recently commented on FAST shares. Stifel Nicolaus reiterated a “hold” rating and set a $51.00 price target on shares of Fastenal in a research note on Monday, December 11th. Zacks Investment Research upgraded shares of Fastenal from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research note on Tuesday, December 26th. Credit Suisse Group reiterated an “outperform” rating and set a $61.00 price target (up from $52.00) on shares of Fastenal in a research note on Tuesday, January 9th. BMO Capital Markets reiterated a “hold” rating and set a $57.00 price target on shares of Fastenal in a research note on Tuesday, January 9th. Finally, Robert W. Baird reiterated a “buy” rating on shares of Fastenal in a research note on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $53.29.
In other Fastenal news, insider Charles S. Miller sold 26,250 shares of Fastenal stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $56.50, for a total value of $1,483,125.00. Following the transaction, the insider now directly owns 26,250 shares in the company, valued at $1,483,125. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Gary A. Polipnick sold 2,634 shares of Fastenal stock in a transaction on Friday, December 15th. The shares were sold at an average price of $53.45, for a total transaction of $140,787.30. Following the completion of the transaction, the insider now owns 59,323 shares in the company, valued at $3,170,814.35. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,884 shares of company stock worth $2,133,912. 0.55% of the stock is currently owned by company insiders.
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Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. The Company is engaged in fastener distribution, and non-fastener maintenance and supply business. As of December 31, 2016, it distributed these supplies through a network of approximately 2,500 stores. Its customers are in the manufacturing and non-residential construction markets.
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