Coldstream Capital Management Inc. Has $493,000 Stock Position in Fastenal (NASDAQ:FAST)

Coldstream Capital Management Inc. grew its holdings in Fastenal (NASDAQ:FAST) by 58.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,612 shares of the company’s stock after purchasing an additional 2,810 shares during the period. Coldstream Capital Management Inc.’s holdings in Fastenal were worth $493,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in FAST. MGO One Seven LLC grew its stake in Fastenal by 36.4% in the third quarter. MGO One Seven LLC now owns 6,548 shares of the company’s stock valued at $358,000 after purchasing an additional 1,747 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Fastenal by 5.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 224,267 shares of the company’s stock valued at $12,254,000 after buying an additional 11,876 shares in the last quarter. Signaturefd LLC increased its holdings in Fastenal by 10.5% during the third quarter. Signaturefd LLC now owns 6,448 shares of the company’s stock worth $352,000 after buying an additional 615 shares during the last quarter. NBC Securities Inc. bought a new stake in Fastenal during the third quarter worth $93,000. Finally, Ieq Capital LLC lifted its stake in Fastenal by 5.2% in the third quarter. Ieq Capital LLC now owns 18,847 shares of the company’s stock valued at $1,030,000 after acquiring an additional 932 shares during the last quarter. Institutional investors own 81.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. HSBC boosted their price objective on shares of Fastenal from $59.00 to $64.00 and gave the stock a “hold” rating in a research note on Monday, April 15th. Robert W. Baird dropped their price objective on Fastenal from $71.00 to $69.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 7th. Loop Capital cut their price objective on Fastenal from $71.00 to $66.00 and set a “hold” rating for the company in a research report on Monday, April 15th. Finally, Stifel Nicolaus lifted their target price on Fastenal from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $67.33.

Fastenal Stock Down 1.3 %

Fastenal stock opened at $65.80 on Friday. The company’s 50-day moving average price is $71.04 and its two-hundred day moving average price is $67.89. The company has a quick ratio of 2.49, a current ratio of 4.83 and a debt-to-equity ratio of 0.06. The stock has a market cap of $37.67 billion, a P/E ratio of 32.57, a P/E/G ratio of 3.51 and a beta of 1.07. Fastenal has a twelve month low of $52.86 and a twelve month high of $79.04.

Fastenal (NASDAQ:FAST) last announced its earnings results on Thursday, April 11th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.91 billion. Fastenal had a return on equity of 33.98% and a net margin of 15.68%. Fastenal’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the business posted $0.52 EPS. As a group, analysts expect that Fastenal will post 2.11 EPS for the current year.

Fastenal Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, April 25th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date was Wednesday, April 24th. Fastenal’s dividend payout ratio is currently 77.23%.

Insider Activity

In other Fastenal news, VP Charles S. Miller sold 11,076 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $75.16, for a total transaction of $832,472.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, VP Charles S. Miller sold 11,076 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $75.16, for a total transaction of $832,472.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel L. Johnson bought 3,350 shares of Fastenal stock in a transaction dated Wednesday, April 17th. The shares were bought at an average cost of $68.38 per share, for a total transaction of $229,073.00. Following the completion of the acquisition, the director now owns 10,595 shares in the company, valued at approximately $724,486.10. The disclosure for this purchase can be found here. 0.41% of the stock is currently owned by company insiders.

Fastenal Company Profile

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, North America, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, bolts, nuts, screws, studs, and related washers that are used in manufactured products and construction projects, as well as in the maintenance and repair of machines.