TD Asset Administration Inc lessened its holdings in Fastenal (NASDAQ:FAST – Free Report) by 5.7% in the course of the second quarter, in line with its most up-to-date 13F submitting with the Securities & Trade Fee. The fund owned 3,062,064 shares of the corporate’s inventory after promoting 186,789 shares in the course of the interval. TD Asset Administration Inc owned roughly 0.53% of Fastenal price $192,420,000 on the finish of the newest reporting interval.
Quite a few different hedge funds and different institutional buyers have additionally lately modified their holdings of the enterprise. Baird Monetary Group Inc. lifted its stake in Fastenal by 15.2% within the fourth quarter. Baird Monetary Group Inc. now owns 7,928,209 shares of the corporate’s inventory valued at $513,510,000 after buying a further 1,043,529 shares over the past quarter. Norges Financial institution bought a brand new place in Fastenal within the fourth quarter valued at roughly $405,513,000. Envestnet Asset Administration Inc. lifted its stake in Fastenal by 2.3% within the fourth quarter. Envestnet Asset Administration Inc. now owns 4,800,534 shares of the corporate’s inventory valued at $310,931,000 after buying a further 109,028 shares over the past quarter. Los Angeles Capital Administration LLC lifted its stake in Fastenal by 46.2% within the first quarter. Los Angeles Capital Administration LLC now owns 3,185,855 shares of the corporate’s inventory valued at $245,757,000 after buying a further 1,006,402 shares over the past quarter. Lastly, ProShare Advisors LLC lifted its stake in Fastenal by 497.3% within the first quarter. ProShare Advisors LLC now owns 3,099,333 shares of the corporate’s inventory valued at $239,083,000 after buying a further 2,580,478 shares over the past quarter. Hedge funds and different institutional buyers personal 81.38% of the corporate’s inventory.
Analyst Rankings Modifications
FAST has been the subject of a number of analysis analyst reviews. Jefferies Monetary Group dropped their worth goal on Fastenal from $74.00 to $65.00 and set a “maintain” score on the inventory in a analysis notice on Thursday, July eleventh. Stephens reissued an “equal weight” score and set a $56.00 goal worth on shares of Fastenal in a report on Monday, July fifteenth. Lastly, Stifel Nicolaus reissued a “purchase” score and set a $80.00 goal worth (down beforehand from $85.00) on shares of Fastenal in a report on Monday, July fifteenth. Six analysts have rated the inventory with a maintain score and one has assigned a purchase score to the corporate’s inventory. Primarily based on knowledge from MarketBeat.com, the inventory has a mean score of “Maintain” and a consensus worth goal of $66.67.
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Fastenal Buying and selling Down 0.5 %
Shares of FAST inventory opened at $65.18 on Friday. The corporate’s fifty day easy transferring common is $66.65 and its two-hundred day easy transferring common is $68.70. The corporate has a debt-to-equity ratio of 0.04, a present ratio of 4.39 and a fast ratio of two.29. Fastenal has a 1 12 months low of $53.83 and a 1 12 months excessive of $79.04. The inventory has a market capitalization of $37.32 billion, a price-to-earnings ratio of 32.43, a PEG ratio of three.72 and a beta of 1.01.
Fastenal (NASDAQ:FAST – Get Free Report) final launched its quarterly earnings outcomes on Friday, July twelfth. The corporate reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. The agency had income of $1.92 billion for the quarter, in comparison with analysts’ expectations of $1.91 billion. Fastenal had a web margin of 15.54% and a return on fairness of 33.54%. The enterprise’s quarterly income was up 1.8% on a year-over-year foundation. Throughout the identical quarter within the prior 12 months, the agency posted $0.52 earnings per share. As a gaggle, analysts anticipate that Fastenal will submit 2.04 earnings per share for the present 12 months.
Fastenal Dividend Announcement
The corporate additionally lately declared a quarterly dividend, which was paid on Friday, August twenty third. Stockholders of file on Friday, July twenty sixth had been issued a $0.39 dividend. The ex-dividend date was Friday, July twenty sixth. This represents a $1.56 annualized dividend and a dividend yield of two.39%. Fastenal’s payout ratio is at present 77.61%.
Insider Transactions at Fastenal
In different information, CEO Daniel L. Florness bought 45,744 shares of the corporate’s inventory in a transaction on Wednesday, August twenty first. The shares had been bought at a mean worth of $68.14, for a complete worth of $3,116,996.16. Following the transaction, the chief govt officer now owns 286,018 shares of the corporate’s inventory, valued at $19,489,266.52. The transaction was disclosed in a authorized submitting with the SEC, which is out there at the SEC web site. In different information, Director Hsenghung Sam Hsu purchased 500 shares of Fastenal inventory in a transaction that occurred on Monday, June tenth. The shares had been acquired at a mean worth of $63.28 per share, with a complete worth of $31,640.00. Following the completion of the acquisition, the director now immediately owns 3,500 shares within the firm, valued at $221,480. The acquisition was disclosed in a authorized submitting with the Securities & Trade Fee, which is out there at this hyperlink. Additionally, CEO Daniel L. Florness bought 45,744 shares of the inventory in a transaction on Wednesday, August twenty first. The shares had been bought at a mean worth of $68.14, for a complete worth of $3,116,996.16. Following the completion of the transaction, the chief govt officer now immediately owns 286,018 shares within the firm, valued at roughly $19,489,266.52. The disclosure for this sale could be discovered right here. Insiders personal 0.41% of the corporate’s inventory.
About Fastenal
Fastenal Firm, along with its subsidiaries, engages within the wholesale distribution of commercial and development provides in america, Canada, Mexico, North America, and internationally. It affords fasteners, and associated industrial and development provides beneath the Fastenal identify. The corporate’s fastener merchandise embody threaded fasteners, bolts, nuts, screws, studs, and associated washers which are utilized in manufactured merchandise and development initiatives, in addition to within the upkeep and restore of machines.
Additional Studying
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