KBC Group NV boosted its stake in shares of Fastenal (NASDAQ:FAST) by 24.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,476 shares of the company’s stock after buying an additional 6,912 shares during the quarter. KBC Group NV’s holdings in Fastenal were worth $1,617,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Commonwealth Bank of Australia lifted its holdings in Fastenal by 44.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,429 shares of the company’s stock valued at $104,000 after buying an additional 753 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in Fastenal during the 3rd quarter valued at about $114,000. Cable Hill Partners LLC bought a new stake in Fastenal during the 3rd quarter valued at about $126,000. Krilogy Financial LLC lifted its holdings in Fastenal by 2.0% during the 2nd quarter. Krilogy Financial LLC now owns 3,530 shares of the company’s stock valued at $154,000 after buying an additional 70 shares in the last quarter. Finally, QS Investors LLC lifted its holdings in Fastenal by 1.6% during the 2nd quarter. QS Investors LLC now owns 4,051 shares of the company’s stock valued at $176,000 after buying an additional 63 shares in the last quarter. Institutional investors own 84.67% of the company’s stock.
Fastenal (NASDAQ FAST) opened at $53.82 on Tuesday. The company has a current ratio of 5.36, a quick ratio of 2.45 and a debt-to-equity ratio of 0.21. Fastenal has a 12-month low of $39.79 and a 12-month high of $55.35. The company has a market cap of $15,430.00, a PE ratio of 28.61, a price-to-earnings-growth ratio of 1.99 and a beta of 1.08.
Fastenal (NASDAQ:FAST) last issued its quarterly earnings data on Wednesday, October 11th. The company reported $0.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.50. Fastenal had a net margin of 12.73% and a return on equity of 27.28%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the firm earned $0.44 EPS. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. equities research analysts expect that Fastenal will post 1.93 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Wednesday, October 25th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date was Tuesday, October 24th. Fastenal’s payout ratio is currently 68.09%.
In other news, insider Leland J. Hein sold 10,000 shares of Fastenal stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $48.74, for a total value of $487,400.00. Following the transaction, the insider now owns 20,258 shares of the company’s stock, valued at approximately $987,374.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Terry Modock Owen sold 30,000 shares of Fastenal stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $48.02, for a total transaction of $1,440,600.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,112 shares of company stock worth $3,879,832. Insiders own 0.55% of the company’s stock.
FAST has been the topic of a number of research reports. KeyCorp reissued a “buy” rating and set a $52.00 target price on shares of Fastenal in a research report on Thursday, October 12th. BidaskClub downgraded shares of Fastenal from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. BMO Capital Markets reissued a “hold” rating and set a $46.00 target price on shares of Fastenal in a research report on Monday, August 21st. Morgan Stanley reissued an “equal weight” rating and set a $46.00 target price (up previously from $44.00) on shares of Fastenal in a research report on Monday, October 2nd. Finally, Stifel Nicolaus reissued a “hold” rating and set a $46.00 target price on shares of Fastenal in a research report on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $51.13.
Fastenal Company Profile
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.
Receive News & Ratings for Fastenal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fastenal and related companies with MarketBeat.com's FREE daily email newsletter.