Advisory Services Network LLC lowered its stake in shares of Fastenal (NASDAQ:FAST) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,402 shares of the company’s stock after selling 439 shares during the period. Advisory Services Network LLC’s holdings in Fastenal were worth $910,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. AdvisorNet Financial Inc grew its holdings in Fastenal by 46.9% during the 4th quarter. AdvisorNet Financial Inc now owns 564 shares of the company’s stock worth $29,000 after acquiring an additional 180 shares in the last quarter. Utah Retirement Systems grew its holdings in Fastenal by 0.4% during the 4th quarter. Utah Retirement Systems now owns 53,540 shares of the company’s stock worth $2,800,000 after acquiring an additional 200 shares in the last quarter. Telemus Capital LLC grew its holdings in Fastenal by 1.0% during the 4th quarter. Telemus Capital LLC now owns 20,641 shares of the company’s stock worth $1,079,000 after acquiring an additional 211 shares in the last quarter. Cetera Advisors LLC grew its holdings in Fastenal by 2.7% during the 4th quarter. Cetera Advisors LLC now owns 8,123 shares of the company’s stock worth $425,000 after acquiring an additional 213 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its holdings in Fastenal by 0.8% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 26,046 shares of the company’s stock worth $1,362,000 after acquiring an additional 216 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors.
In other news, EVP John Lewis Soderberg sold 7,500 shares of Fastenal stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $63.00, for a total value of $472,500.00. Following the transaction, the executive vice president now directly owns 7,500 shares of the company’s stock, valued at $472,500. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Leland J. Hein sold 22,500 shares of Fastenal stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $63.13, for a total transaction of $1,420,425.00. Following the completion of the transaction, the insider now directly owns 30,111 shares in the company, valued at $1,900,907.43. The disclosure for this sale can be found here. Insiders sold a total of 87,083 shares of company stock worth $5,458,662 over the last quarter. Insiders own 0.56% of the company’s stock.
Shares of FAST stock traded up $0.95 during midday trading on Friday, reaching $71.08. 2,467,472 shares of the company were exchanged, 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 market capitalization of $20.35 billion, a price-to-earnings ratio of 27.03, a price-to-earnings-growth ratio of 1.56 and a beta of 1.17. The company has a current ratio of 4.31, a quick ratio of 1.97 and a debt-to-equity ratio of 0.20.
Fastenal shares are set to split on the morning of Wednesday, May 22nd. The 2-1 split was announced on Thursday, April 18th. The newly issued shares will be payable to shareholders after the closing bell on Tuesday, May 21st.
Fastenal (NASDAQ:FAST) last released its earnings results on Thursday, April 11th. The company reported $0.68 EPS 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 business 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 earned $0.61 EPS. On average, equities research analysts predict that Fastenal will post 2.85 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, April 24th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.42%. Fastenal’s payout ratio is currently 65.40%.
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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