Actinver Wealth Management Inc. purchased a new position in shares of Fastenal (NASDAQ:FAST) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 11,969 shares of the company’s stock, valued at approximately $521,000.
Other institutional investors have also modified their holdings of the company. Palisade Asset Management LLC lifted its stake in shares of Fastenal by 1.0% during the 4th quarter. Palisade Asset Management LLC now owns 30,038 shares of the company’s stock valued at $1,571,000 after buying an additional 300 shares in the last quarter. DNB Asset Management AS lifted its stake in shares of Fastenal by 14.9% during the 4th quarter. DNB Asset Management AS now owns 53,980 shares of the company’s stock valued at $2,823,000 after buying an additional 7,012 shares in the last quarter. Trust Co. of Virginia VA lifted its stake in shares of Fastenal by 4.8% during the 4th quarter. Trust Co. of Virginia VA now owns 106,810 shares of the company’s stock valued at $5,585,000 after buying an additional 4,884 shares in the last quarter. Green Square Capital LLC lifted its stake in shares of Fastenal by 9.1% during the 4th quarter. Green Square Capital LLC now owns 131,767 shares of the company’s stock valued at $6,890,000 after buying an additional 10,940 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Fastenal by 7.9% during the 4th quarter. Northern Trust Corp now owns 3,660,888 shares of the company’s stock valued at $191,427,000 after buying an additional 267,997 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.
A number of research firms recently weighed in on FAST. BidaskClub cut shares of Fastenal from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Zacks Investment Research upgraded shares of Fastenal from a “sell” rating to a “hold” rating in a report on Wednesday, January 16th. ValuEngine upgraded shares of Fastenal from a “hold” rating to a “buy” rating in a report on Thursday, January 17th. Buckingham Research lifted their price target on shares of Fastenal from $57.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Finally, Morgan Stanley lifted their price target on shares of Fastenal from $55.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, April 16th. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $61.70.
NASDAQ FAST traded up $0.95 on Friday, reaching $71.08. The company had a trading volume of 2,467,472 shares, compared to its average volume of 2,040,628. Fastenal has a 12 month low of $47.37 and a 12 month high of $71.11. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.97 and a current ratio of 4.31. The company has a market cap of $20.35 billion, a P/E ratio of 27.03, a P/E/G ratio of 1.56 and a beta of 1.17.
Shares of Fastenal are going to split on the morning of Wednesday, May 22nd. The 2-1 split was announced on Thursday, April 18th. The newly created shares will be distributed to shareholders after the closing bell on Tuesday, May 21st.
Fastenal (NASDAQ:FAST) last posted its earnings results on Thursday, April 11th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. Fastenal had a net margin of 15.16% and a return on equity of 33.52%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the firm posted $0.61 EPS. As a group, analysts forecast that Fastenal will post 2.85 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, April 24th will be issued a $0.43 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.42%. Fastenal’s dividend payout ratio (DPR) is presently 65.40%.
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Fastenal Company Profile
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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