Bryn Mawr Capital Management LLC Sells 48,195 Shares of Fastenal (NASDAQ:FAST)

Bryn Mawr Capital Management LLC lowered its position in shares of Fastenal (NASDAQ:FAST) by 84.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,907 shares of the company’s stock after selling 48,195 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Fastenal were worth $641,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in shares of Fastenal during the 3rd quarter worth approximately $25,000. Knuff & Co LLC purchased a new stake in shares of Fastenal during the 3rd quarter worth approximately $27,000. First Personal Financial Services purchased a new stake in shares of Fastenal during the 3rd quarter worth approximately $36,000. MCF Advisors LLC increased its stake in shares of Fastenal by 54.1% during the 3rd quarter. MCF Advisors LLC now owns 635 shares of the company’s stock worth $45,000 after purchasing an additional 223 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Fastenal during the 4th quarter worth approximately $68,000. Institutional investors own 81.38% of the company’s stock.

Fastenal Stock Down 0.5 %

Shares of NASDAQ:FAST opened at $74.78 on Friday. The firm has a fifty day moving average price of $74.29 and a two-hundred day moving average price of $74.24. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.67 and a quick ratio of 2.28. Fastenal has a one year low of $61.36 and a one year high of $84.88. The company has a market cap of $42.88 billion, a price-to-earnings ratio of 37.20, a PEG ratio of 3.60 and a beta of 1.02.

Fastenal (NASDAQ:FAST) last announced its quarterly earnings results on Friday, January 17th. The company reported $0.46 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the business earned $0.46 earnings per share. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. Analysts anticipate that Fastenal will post 2.15 EPS for the current fiscal year.

Fastenal Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, January 31st will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 2.30%. This is an increase from Fastenal’s previous quarterly dividend of $0.39. The ex-dividend date is Friday, January 31st. Fastenal’s dividend payout ratio (DPR) is presently 85.57%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FAST. UBS Group began coverage on shares of Fastenal in a research note on Wednesday, November 13th. They set a “neutral” rating and a $88.00 price target for the company. HSBC lowered shares of Fastenal from a “hold” rating to a “reduce” rating and set a $70.00 price target for the company. in a research note on Wednesday, December 11th. Stifel Nicolaus reduced their price objective on shares of Fastenal from $86.00 to $82.00 and set a “hold” rating for the company in a research note on Tuesday, January 21st. Jefferies Financial Group lifted their price objective on shares of Fastenal from $74.00 to $85.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Finally, Hsbc Global Res lowered shares of Fastenal from a “hold” rating to a “moderate sell” rating in a research note on Wednesday, December 11th. Two equities research analysts have 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 data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $76.91.

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.