All Terrain Financial Advisors LLC acquired a new stake in Fastenal (NASDAQ:FAST) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 69,280 shares of the company’s stock, valued at approximately $3,789,000. Fastenal makes up approximately 1.7% of All Terrain Financial Advisors LLC’s portfolio, making the stock its 13th biggest position.
Several other hedge funds have also recently added to or reduced their stakes in FAST. Wolverine Asset Management LLC bought a new position in Fastenal in the fourth quarter worth about $104,000. Exane Derivatives bought a new position in Fastenal in the fourth quarter worth about $110,000. Fuller & Thaler Asset Management Inc. bought a new position in Fastenal in the third quarter worth about $114,000. SeaCrest Wealth Management LLC bought a new position in Fastenal in the fourth quarter worth about $115,000. Finally, Dearborn Partners LLC bought a new position in Fastenal in the third quarter worth about $200,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.
A number of equities analysts have commented on FAST shares. Credit Suisse Group reiterated an “outperform” rating and issued a $61.00 target price (up from $52.00) on shares of Fastenal in a report on Tuesday, January 9th. Zacks Investment Research downgraded shares of Fastenal from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Robert W. Baird reiterated a “buy” rating and issued a $57.00 target price on shares of Fastenal in a report on Tuesday, March 6th. Stifel Nicolaus reiterated a “hold” rating and issued a $51.00 target price on shares of Fastenal in a report on Monday, December 11th. Finally, Stephens boosted their target price on shares of Fastenal from $54.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. Fastenal has a consensus rating of “Buy” and a consensus price target of $54.07.
In related news, insider Charles S. Miller sold 26,250 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $56.50, for a total value of $1,483,125.00. Following the sale, the insider now owns 26,250 shares in the company, valued at $1,483,125. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider William Joseph Drazkowski sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $56.64, for a total value of $424,800.00. Following the completion of the sale, the insider now owns 9,460 shares in the company, valued at approximately $535,814.40. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.
Shares of FAST stock traded down $1.94 during trading hours on Friday, reaching $53.65. 2,816,423 shares of the company’s stock were exchanged, compared to its average volume of 2,428,126. Fastenal has a 1 year low of $39.79 and a 1 year high of $58.74. The firm has a market capitalization of $15,990.33, a price-to-earnings ratio of 27.80, a PEG ratio of 1.57 and a beta of 0.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.40 and a current ratio of 5.51.
Fastenal (NASDAQ:FAST) last issued its earnings results on Wednesday, January 17th. The company reported $0.45 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.45. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. Fastenal had a return on equity of 27.39% and a net margin of 13.18%. Fastenal’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.40 earnings per share. equities analysts forecast that Fastenal will post 2.53 earnings per share for the current year.
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Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally. It offers fasteners, and other industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, such as bolts, nuts, screws, studs, and related washers, which are used in manufactured products and construction projects, as well as in the maintenance and repair of machines.
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