Fastenal (NASDAQ:FAST) Shares Sold by Toth Financial Advisory Corp

Toth Financial Advisory Corp lowered its stake in shares of Fastenal (NASDAQ:FAST) by 1.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 73,347 shares of the company’s stock after selling 894 shares during the period. Toth Financial Advisory Corp’s holdings in Fastenal were worth $5,658,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its stake in Fastenal by 5.7% during the fourth quarter. Van ECK Associates Corp now owns 101,713 shares of the company’s stock worth $6,588,000 after buying an additional 5,509 shares during the last quarter. Nomura Holdings Inc. acquired a new position in shares of Fastenal in the 4th quarter valued at $747,000. Raymond James & Associates lifted its stake in shares of Fastenal by 3.7% in the 4th quarter. Raymond James & Associates now owns 900,171 shares of the company’s stock valued at $58,304,000 after purchasing an additional 31,814 shares during the last quarter. Focus Financial Network Inc. ADV acquired a new position in shares of Fastenal in the 4th quarter valued at $1,282,000. Finally, ICW Investment Advisors LLC lifted its stake in shares of Fastenal by 2.0% in the 4th quarter. ICW Investment Advisors LLC now owns 36,090 shares of the company’s stock valued at $2,338,000 after purchasing an additional 694 shares during the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Insiders Place Their Bets

In related news, Director Daniel L. Johnson purchased 3,350 shares of the business’s stock in a transaction on Wednesday, April 17th. The shares were bought at an average price of $68.38 per share, for a total transaction of $229,073.00. Following the acquisition, the director now directly owns 10,595 shares in the company, valued at $724,486.10. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Fastenal news, Director Hsenghung Sam Hsu acquired 500 shares of the stock in a transaction dated Monday, June 10th. The stock was acquired at an average cost of $63.28 per share, with a total value of $31,640.00. Following the transaction, the director now owns 3,500 shares in the company, valued at approximately $221,480. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Daniel L. Johnson acquired 3,350 shares of the stock in a transaction dated Wednesday, April 17th. The shares were acquired at an average cost of $68.38 per share, with a total value of $229,073.00. Following the completion of the transaction, 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 owned by company insiders.

Fastenal Trading Down 0.8 %

Shares of FAST stock traded down $0.49 on Friday, hitting $62.84. The stock had a trading volume of 5,921,891 shares, compared to its average volume of 3,313,607. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.83 and a quick ratio of 2.49. The firm has a market capitalization of $35.98 billion, a P/E ratio of 31.11, a P/E/G ratio of 3.38 and a beta of 1.02. Fastenal has a 1 year low of $53.83 and a 1 year high of $79.04. The company’s 50 day moving average price is $65.84 and its 200-day moving average price is $68.59.

Fastenal (NASDAQ:FAST) last posted its quarterly earnings data on Thursday, April 11th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.01). Fastenal had a net margin of 15.68% and a return on equity of 33.98%. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the prior year, the firm posted $0.52 EPS. Fastenal’s quarterly revenue was up 1.9% compared to the same quarter last year. Analysts anticipate that Fastenal will post 2.08 earnings per share for the current year.

Fastenal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, April 25th were issued a dividend of $0.39 per share. The ex-dividend date was Wednesday, April 24th. This represents a $1.56 annualized dividend and a yield of 2.48%. Fastenal’s dividend payout ratio (DPR) is 77.23%.

Wall Street Analysts Forecast Growth

FAST has been the topic of several recent analyst reports. HSBC upped their price target on Fastenal from $59.00 to $64.00 and gave the company a “hold” rating in a research note on Monday, April 15th. Loop Capital decreased their price target on Fastenal from $71.00 to $66.00 and set a “hold” rating on the stock in a research note on Monday, April 15th. Stifel Nicolaus upped their price target on Fastenal from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Finally, Robert W. Baird cut their price objective on Fastenal from $71.00 to $69.00 and set a “neutral” rating on the stock in a report on Tuesday, May 7th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Fastenal currently has an average rating of “Hold” and a consensus target price of $68.80.

About Fastenal

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.