Capital Management Corp VA Sells 2,190 Shares of Fastenal (NASDAQ:FAST)

Capital Management Corp VA lessened its holdings in Fastenal (NASDAQ:FAST) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,374 shares of the company’s stock after selling 2,190 shares during the period. Capital Management Corp VA’s holdings in Fastenal were worth $6,067,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in shares of Fastenal during the 3rd quarter valued at approximately $25,000. Knuff & Co LLC acquired a new stake in Fastenal in the third quarter valued at approximately $27,000. First Personal Financial Services acquired a new stake in Fastenal in the third quarter valued at approximately $36,000. Whipplewood Advisors LLC bought a new stake in shares of Fastenal during the fourth quarter worth $49,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Fastenal during the fourth quarter worth $49,000. Institutional investors and hedge funds own 81.38% of the company’s stock.

Fastenal Trading Up 2.7 %

NASDAQ:FAST opened at $79.98 on Friday. Fastenal has a 52 week low of $61.36 and a 52 week high of $84.88. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.28 and a current ratio of 4.67. The firm’s fifty day moving average is $74.27 and its 200-day moving average is $74.94. The firm has a market cap of $45.86 billion, a P/E ratio of 39.79, a P/E/G ratio of 3.58 and a beta of 1.02.

Fastenal (NASDAQ:FAST) last issued its quarterly earnings results on Friday, January 17th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). Fastenal had a net margin of 15.25% and a return on equity of 32.55%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the company posted $0.46 EPS. The business’s revenue was up 3.7% compared to the same quarter last year. Equities analysts expect that Fastenal will post 2.15 earnings per share for the current year.

Fastenal Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, January 31st were paid a dividend of $0.43 per share. The ex-dividend date was Friday, January 31st. This represents a $1.72 annualized dividend and a yield of 2.15%. This is a boost from Fastenal’s previous quarterly dividend of $0.39. Fastenal’s dividend payout ratio (DPR) is currently 85.57%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wolfe Research raised their price objective on Fastenal from $74.00 to $76.00 and gave the company an “underweight” rating in a report on Thursday, January 16th. HSBC lowered Fastenal from a “hold” rating to a “reduce” rating and set a $70.00 price target on the stock. in a research note on Wednesday, December 11th. Hsbc Global Res downgraded Fastenal from a “hold” rating to a “moderate sell” rating in a research note on Wednesday, December 11th. Stifel Nicolaus cut their target price on shares of Fastenal from $86.00 to $82.00 and set a “hold” rating on the stock in a research report on Tuesday, January 21st. Finally, Jefferies Financial Group upped their price target on shares of Fastenal from $74.00 to $85.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $76.91.

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.