American Century Companies Inc. Has $33.93 Million Stock Holdings in Fastenal (NASDAQ:FAST)

American Century Companies Inc. trimmed its position in Fastenal (NASDAQ:FAST) by 30.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 471,896 shares of the company’s stock after selling 206,441 shares during the quarter. American Century Companies Inc. owned approximately 0.08% of Fastenal worth $33,934,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Mizuho Securities USA LLC lifted its position in shares of Fastenal by 46.2% in the fourth quarter. Mizuho Securities USA LLC now owns 54,297 shares of the company’s stock valued at $3,904,000 after buying an additional 17,164 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in Fastenal by 31.1% during the 4th quarter. TD Private Client Wealth LLC now owns 1,381 shares of the company’s stock valued at $99,000 after purchasing an additional 328 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in Fastenal by 6.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 4,653 shares of the company’s stock valued at $335,000 after purchasing an additional 263 shares during the last quarter. Blueshift Asset Management LLC bought a new position in Fastenal during the fourth quarter worth $246,000. Finally, Royal London Asset Management Ltd. increased its holdings in shares of Fastenal by 4.8% in the fourth quarter. Royal London Asset Management Ltd. now owns 384,029 shares of the company’s stock valued at $27,616,000 after purchasing an additional 17,672 shares during the last quarter. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Fastenal Stock Down 2.0 %

Shares of NASDAQ FAST opened at $76.17 on Friday. The stock has a market capitalization of $43.68 billion, a P/E ratio of 37.90, a PEG ratio of 3.58 and a beta of 1.05. The stock’s fifty day moving average is $75.35 and its 200 day moving average is $75.89. 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.

Fastenal (NASDAQ:FAST) last announced its quarterly earnings data on Friday, January 17th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). Fastenal had a return on equity of 32.55% and a net margin of 15.25%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the company earned $0.46 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. Sell-side analysts forecast that Fastenal will post 2.15 earnings per share for the current fiscal year.

Fastenal Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, January 31st were given a dividend of $0.43 per share. This is an increase from Fastenal’s previous quarterly dividend of $0.39. This represents a $1.72 annualized dividend and a yield of 2.26%. The ex-dividend date was Friday, January 31st. Fastenal’s payout ratio is currently 85.57%.

Analysts Set New Price Targets

FAST has been the subject of a number of research reports. Hsbc Global Res cut shares of Fastenal from a “hold” rating to a “moderate sell” rating in a research note on Wednesday, December 11th. HSBC downgraded shares of Fastenal from a “hold” rating to a “reduce” rating and set a $70.00 price objective for the company. in a research report on Wednesday, December 11th. Stifel Nicolaus decreased their target price on Fastenal from $86.00 to $82.00 and set a “hold” rating on the stock in a research report on Tuesday, January 21st. William Blair raised Fastenal from a “market perform” rating to an “outperform” rating in a report on Monday, March 10th. Finally, Jefferies Financial Group upped their price objective on Fastenal from $74.00 to $85.00 and gave the company a “hold” rating in a report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $76.91.

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.