WINTON GROUP Ltd trimmed its position in Fastenal (NASDAQ:FAST) by 20.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,566 shares of the company’s stock after selling 1,434 shares during the period. WINTON GROUP Ltd’s holdings in Fastenal were worth $304,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the business. Nationwide Fund Advisors raised its position in shares of Fastenal by 6.0% during the 3rd quarter. Nationwide Fund Advisors now owns 358,913 shares of the company’s stock valued at $16,359,000 after buying an additional 20,349 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Fastenal by 39.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 133,651 shares of the company’s stock valued at $6,092,000 after buying an additional 37,895 shares in the last quarter. State of Wisconsin Investment Board raised its position in shares of Fastenal by 121.7% during the 3rd quarter. State of Wisconsin Investment Board now owns 254,168 shares of the company’s stock valued at $11,585,000 after buying an additional 139,510 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Fastenal by 42.8% during the 3rd quarter. Prudential Financial Inc. now owns 573,130 shares of the company’s stock valued at $26,124,000 after purchasing an additional 171,638 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of Fastenal by 0.9% during the 3rd quarter. Swiss National Bank now owns 1,065,577 shares of the company’s stock valued at $48,569,000 after purchasing an additional 9,700 shares during the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently commented on FAST shares. Credit Suisse Group reaffirmed an “outperform” rating and set a $61.00 target price (up previously from $52.00) on shares of Fastenal in a report on Tuesday, January 9th. Zacks Investment Research lowered shares of Fastenal from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Robert W. Baird reaffirmed a “buy” rating and issued a $57.00 target price on shares of Fastenal in a research report on Tuesday, March 6th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $51.00 target price on shares of Fastenal in a research report on Monday, December 11th. Finally, Stephens lifted their price target on shares of Fastenal from $54.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $54.07.
In related news, insider Charles S. Miller sold 26,250 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 26,250 shares of the company’s stock, valued at approximately $1,483,125. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William Joseph Drazkowski sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $56.64, for a total transaction of $424,800.00. Following the transaction, the insider now directly owns 9,460 shares of the company’s stock, valued at $535,814.40. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.
FAST stock opened at $53.65 on Friday. The firm has a market capitalization of $15,786.10, a PE ratio of 27.80, a P/E/G ratio of 1.55 and a beta of 0.99. The company has a current ratio of 5.51, a quick ratio of 2.40 and a debt-to-equity ratio of 0.20. Fastenal has a one year low of $39.79 and a one year high of $58.74.
Fastenal (NASDAQ:FAST) last released its quarterly earnings results on Wednesday, January 17th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.45. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. Fastenal had a net margin of 13.18% and a return on equity of 27.39%. Fastenal’s revenue 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 research analysts predict that Fastenal will post 2.53 EPS 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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