Quantum Capital Management LLC NJ Has $44.24 Million Stake in Fastenal Company $FAST

Quantum Capital Management LLC NJ trimmed its position in shares of Fastenal Company (NASDAQ:FAST) by 1.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 953,546 shares of the company’s stock after selling 13,203 shares during the period. Fastenal accounts for about 5.7% of Quantum Capital Management LLC NJ’s investment portfolio, making the stock its 8th biggest holding. Quantum Capital Management LLC NJ’s holdings in Fastenal were worth $44,245,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. State Street Corp grew its position in shares of Fastenal by 1.2% in the 4th quarter. State Street Corp now owns 54,734,674 shares of the company’s stock worth $2,196,502,000 after buying an additional 631,889 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Fastenal by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 47,297,047 shares of the company’s stock worth $1,898,031,000 after acquiring an additional 919,158 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Fastenal by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 37,699,836 shares of the company’s stock worth $1,508,216,000 after acquiring an additional 685,047 shares in the last quarter. Invesco Ltd. lifted its position in Fastenal by 14.0% during the third quarter. Invesco Ltd. now owns 18,215,875 shares of the company’s stock valued at $893,307,000 after acquiring an additional 2,242,116 shares during the last quarter. Finally, Norges Bank purchased a new stake in Fastenal during the fourth quarter valued at approximately $646,046,000. 81.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FAST has been the subject of several recent analyst reports. Jefferies Financial Group restated a “buy” rating on shares of Fastenal in a research note on Thursday, June 4th. Morgan Stanley upped their price target on Fastenal from $48.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 16th. Barclays decreased their price objective on Fastenal from $47.00 to $46.00 and set an “equal weight” rating for the company in a report on Thursday, July 16th. Wolfe Research reissued an “underperform” rating and issued a $47.00 price objective on shares of Fastenal in a research report on Thursday, July 9th. Finally, Rothschild & Co Redburn set a $55.00 target price on Fastenal and gave the stock a “buy” rating in a research note on Monday, July 13th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Fastenal has a consensus rating of “Hold” and a consensus price target of $48.83.

Fastenal Stock Performance

Shares of Fastenal stock opened at $45.33 on Thursday. The company has a 50 day moving average price of $45.81 and a 200 day moving average price of $45.30. The firm has a market capitalization of $52.02 billion, a P/E ratio of 38.42, a PEG ratio of 2.82 and a beta of 0.72. The company has a quick ratio of 2.21, a current ratio of 4.18 and a debt-to-equity ratio of 0.01. Fastenal Company has a 52 week low of $38.97 and a 52 week high of $50.63.

Fastenal (NASDAQ:FAST) last released its earnings results on Tuesday, July 14th. The company reported $0.33 earnings per share for the quarter, hitting the consensus estimate of $0.33. Fastenal had a net margin of 15.45% and a return on equity of 34.03%. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the previous year, the firm earned $0.29 EPS. Fastenal’s revenue was up 14.7% compared to the same quarter last year. Sell-side analysts expect that Fastenal Company will post 1.25 EPS for the current year.

Fastenal Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Tuesday, July 28th will be paid a dividend of $0.26 per share. The ex-dividend date is Tuesday, July 28th. This is an increase from Fastenal’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a dividend yield of 2.3%. Fastenal’s payout ratio is presently 81.36%.

Trending Headlines about Fastenal

Here are the key news stories impacting Fastenal this week:

• Positive Sentiment: Fastenal’s dividend profile is drawing interest as the company was highlighted among high-yield, stable cash flow names, reinforcing its appeal for income-focused investors. Article Title
• Positive Sentiment: Recent coverage says Fastenal is extending industrial sales growth through contract wins and digital tools, suggesting its business model is still gaining traction. Article Title
• Positive Sentiment: The company’s dividend increase and links to data-center-driven demand add to the bullish case, with investors viewing Fastenal as a beneficiary of long-term industrial infrastructure spending. Article Title
• Neutral Sentiment: Analysts are offering mixed views, with one note focusing on whether Fastenal’s premium valuation is justified by growth and execution. Article Title
• Neutral Sentiment: Investors are also watching the Q2 2026 earnings call transcript for guidance on margins, demand trends, and management’s outlook. Article Title
• Neutral Sentiment: Fastenal’s international revenue mix is being reviewed as a factor that could affect stability and future growth, but the impact is more analytical than immediately market-moving. Article Title
• Negative Sentiment: Several reports warn that margin pressure and rising costs remain a key risk, which could limit upside if growth slows. Article Title
• Negative Sentiment: Another note said Fastenal’s stock has been lagging some peers, indicating recent relative underperformance versus competitors. Article Title

Fastenal Profile

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.