91,698 Shares in Fastenal Company $FAST Bought by Fideuram Asset Management Ireland dac

Fideuram Asset Management Ireland dac purchased a new position in shares of Fastenal Company (NASDAQ:FAST) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 91,698 shares of the company’s stock, valued at approximately $4,041,000.

A number of other large investors have also recently bought and sold shares of FAST. Bank of America Corp DE boosted its stake in Fastenal by 106.1% during the 2nd quarter. Bank of America Corp DE now owns 15,431,393 shares of the company’s stock worth $648,118,000 after purchasing an additional 7,943,217 shares during the period. Vanguard Group Inc. boosted its stake in Fastenal by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 151,515,539 shares of the company’s stock worth $7,430,322,000 after purchasing an additional 2,346,045 shares during the period. Invesco Ltd. boosted its stake in Fastenal by 14.0% during the 3rd quarter. Invesco Ltd. now owns 18,215,875 shares of the company’s stock worth $893,307,000 after purchasing an additional 2,242,116 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its stake in Fastenal by 1,039.6% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,337,722 shares of the company’s stock worth $94,253,000 after purchasing an additional 2,132,593 shares during the period. Finally, American Century Companies Inc. boosted its stake in Fastenal by 90.7% during the 3rd quarter. American Century Companies Inc. now owns 3,590,292 shares of the company’s stock worth $176,068,000 after purchasing an additional 1,707,396 shares during the period. Institutional investors and hedge funds own 81.38% of the company’s stock.

Fastenal Stock Down 0.1%

FAST stock opened at $44.76 on Friday. Fastenal Company has a one year low of $38.97 and a one year high of $50.63. The stock has a market capitalization of $51.39 billion, a PE ratio of 39.26, a price-to-earnings-growth ratio of 2.86 and a beta of 0.75. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.34 and a current ratio of 4.39. The company has a fifty day moving average of $44.98 and a 200-day moving average of $43.83.

Fastenal (NASDAQ:FAST) last released its earnings results on Monday, April 13th. The company reported $0.30 EPS for the quarter, hitting the consensus estimate of $0.30. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Fastenal had a net margin of 15.39% and a return on equity of 33.25%. The business’s revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the business earned $0.52 EPS. As a group, analysts expect that Fastenal Company will post 1.23 EPS for the current year.

Fastenal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, April 28th were issued a $0.24 dividend. 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 (DPR) is currently 84.21%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on FAST shares. Sanford C. Bernstein reiterated an “underperform” rating and set a $42.00 price target on shares of Fastenal in a research note on Tuesday, April 14th. Wolfe Research reduced their target price on shares of Fastenal from $46.00 to $45.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. Benchmark restated a “buy” rating on shares of Fastenal in a research note on Thursday, March 5th. Barclays raised their target price on shares of Fastenal from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 16th. Finally, Morgan Stanley restated a “positive” rating and issued a $45.00 target price on shares of Fastenal in a research note on Thursday, March 5th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $49.77.

Insider Activity

In other news, Director Reyne K. Wisecup sold 36,920 shares of the stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $47.34, for a total value of $1,747,792.80. Following the completion of the transaction, the director owned 40,000 shares in the company, valued at $1,893,600. This trade represents a 48.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.28% of the stock is owned by corporate insiders.

Fastenal Company 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.