Fastenal (NASDAQ:FAST) is Caledonia Investments PLC’s 7th Largest Position

Caledonia Investments PLC lowered its holdings in shares of Fastenal (NASDAQ:FAST) by 17.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 718,056 shares of the company’s stock after selling 152,000 shares during the period. Fastenal comprises approximately 6.2% of Caledonia Investments PLC’s portfolio, making the stock its 7th biggest holding. Caledonia Investments PLC’s holdings in Fastenal were worth $51,643,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FAST. Acadian Asset Management LLC increased its position in shares of Fastenal by 477.6% during the 2nd quarter. Acadian Asset Management LLC now owns 15,796 shares of the company’s stock valued at $992,000 after purchasing an additional 13,061 shares during the last quarter. Quest Partners LLC boosted its position in Fastenal by 284.8% during the 2nd quarter. Quest Partners LLC now owns 6,619 shares of the company’s stock valued at $416,000 after acquiring an additional 4,899 shares in the last quarter. Choreo LLC raised its holdings in Fastenal by 106.9% in the second quarter. Choreo LLC now owns 22,865 shares of the company’s stock worth $1,421,000 after purchasing an additional 11,816 shares in the last quarter. Royal London Asset Management Ltd. lifted its position in Fastenal by 1.2% during the second quarter. Royal London Asset Management Ltd. now owns 328,717 shares of the company’s stock valued at $20,657,000 after acquiring an additional 3,866 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Fastenal by 13.7% during the 2nd quarter. American Century Companies Inc. now owns 630,377 shares of the company’s stock valued at $39,613,000 after purchasing an additional 75,957 shares during the last quarter. Institutional investors own 81.38% of the company’s stock.

Insider Transactions at Fastenal

In other Fastenal news, CFO Holden Lewis sold 30,000 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $76.52, for a total transaction of $2,295,600.00. Following the sale, the chief financial officer now directly owns 9,881 shares in the company, valued at $756,094.12. This represents a 75.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Sheryl Ann Lisowski sold 13,567 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $76.19, for a total transaction of $1,033,669.73. Following the completion of the transaction, the chief accounting officer now owns 5,096 shares of the company’s stock, valued at approximately $388,264.24. This trade represents a 72.69 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 158,289 shares of company stock worth $12,639,438. 0.41% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FAST. Jefferies Financial Group lifted their target price on shares of Fastenal from $74.00 to $85.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. UBS Group initiated coverage on Fastenal in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $88.00 price objective on the stock. Morgan Stanley raised their target price on Fastenal from $72.00 to $76.00 and gave the company an “equal weight” rating in a research report on Monday, October 14th. Stifel Nicolaus cut shares of Fastenal from a “buy” rating to a “hold” rating and set a $86.00 price objective for the company. in a research report on Wednesday, December 11th. Finally, Stephens raised their target price on Fastenal from $56.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Fastenal presently has a consensus rating of “Hold” and an average target price of $77.40.

Fastenal Stock Up 0.9 %

Shares of NASDAQ FAST opened at $72.94 on Friday. The company has a 50 day simple moving average of $78.73 and a 200-day simple moving average of $72.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.40 and a quick ratio of 2.29. The company has a market capitalization of $41.79 billion, a P/E ratio of 36.29, a P/E/G ratio of 4.64 and a beta of 1.02. Fastenal has a 1 year low of $61.33 and a 1 year high of $84.88.

Fastenal (NASDAQ:FAST) last announced its earnings results on Friday, October 11th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.01. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.90 billion. Fastenal had a net margin of 15.44% and a return on equity of 33.30%. Fastenal’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.52 earnings per share. On average, equities research analysts predict that Fastenal will post 2.03 earnings per share for the current year.

Fastenal 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.