Sienna Gestion Buys 33,700 Shares of Fastenal Company $FAST

Sienna Gestion increased its stake in Fastenal Company (NASDAQ:FAST) by 31.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,290 shares of the company’s stock after purchasing an additional 33,700 shares during the period. Sienna Gestion’s holdings in Fastenal were worth $5,664,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Palladiem LLC bought a new stake in shares of Fastenal during the 4th quarter valued at $25,000. Elyxium Wealth LLC bought a new stake in shares of Fastenal during the 4th quarter valued at $25,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Fastenal during the 3rd quarter valued at $36,000. Field & Main Bank bought a new stake in shares of Fastenal during the 4th quarter valued at $30,000. Finally, Tucker Asset Management LLC bought a new stake in shares of Fastenal during the 4th quarter valued at $33,000. Institutional investors own 81.38% of the company’s stock.

Fastenal Price Performance

Shares of NASDAQ FAST opened at $46.10 on Tuesday. The firm has a market cap of $52.92 billion, a PE ratio of 40.44, a PEG ratio of 2.96 and a beta of 0.73. The company has a current ratio of 4.39, a quick ratio of 2.34 and a debt-to-equity ratio of 0.03. Fastenal Company has a 1-year low of $38.97 and a 1-year high of $50.63. The company has a fifty day moving average price of $45.15 and a 200 day moving average price of $44.31.

Fastenal (NASDAQ:FAST) last posted its quarterly earnings data on Monday, April 13th. The company reported $0.30 EPS for the quarter, hitting analysts’ consensus estimates of $0.30. Fastenal had a net margin of 15.39% and a return on equity of 33.25%. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the prior year, the business posted $0.52 EPS. The company’s quarterly revenue was up 12.4% on a year-over-year basis. Research analysts predict that Fastenal Company will post 1.24 earnings per share for the current fiscal year.

Fastenal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, April 28th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Tuesday, April 28th. Fastenal’s dividend payout ratio is currently 84.21%.

Analysts Set New Price Targets

Several analysts have commented on FAST shares. DA Davidson set a $46.00 target price on shares of Fastenal in a research report on Monday. Robert W. Baird decreased their price target on shares of Fastenal from $52.00 to $50.00 and set an “outperform” rating for the company in a report on Tuesday, April 14th. Raymond James Financial set a $48.00 price target on shares of Fastenal in a report on Thursday, March 5th. Bank of America boosted their price target on shares of Fastenal from $48.00 to $55.00 in a report on Monday, April 13th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Fastenal from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Fastenal currently has a consensus rating of “Hold” and a consensus price target of $49.57.

About Fastenal

Fastenal (NASDAQ: FAST) is a wholesale distributor of industrial and construction supplies, best known for its broad assortment of fasteners such as bolts, nuts, screws and anchors. Founded in Winona, Minnesota, Fastenal has grown from a regional supplier into a national and international distributor serving a wide range of end markets, including manufacturing, construction, maintenance, repair and operations (MRO), and government customers. The company is publicly traded and operates through a network of locally staffed branches combined with national distribution capabilities.

Product offerings extend beyond fasteners to include tools, safety and personal protective equipment, power transmission components, cutting and welding supplies, janitorial and material handling items, and other industrial consumables.