Apollon Wealth Administration LLC lessened its place in shares of Fastenal (NASDAQ:FAST – Free Report) by 55.0% within the third quarter, HoldingsChannel experiences. The institutional investor owned 13,889 shares of the corporate’s inventory after promoting 16,993 shares in the course of the interval. Apollon Wealth Administration LLC’s holdings in Fastenal have been value $992,000 on the finish of the latest reporting interval.
Different hedge funds and different institutional traders have additionally made adjustments to their positions within the firm. Ashton Thomas Securities LLC acquired a brand new place in shares of Fastenal in the course of the third quarter value $25,000. Central Valley Advisors LLC bought a brand new stake in Fastenal in the course of the 2nd quarter value about $28,000. Triad Wealth Companions LLC bought a brand new stake in Fastenal in the course of the 2nd quarter value about $32,000. Crewe Advisors LLC elevated its place in Fastenal by 528.4% in the course of the 2nd quarter. Crewe Advisors LLC now owns 509 shares of the corporate’s inventory value $32,000 after buying an extra 428 shares within the final quarter. Lastly, Moisand Fitzgerald Tamayo LLC elevated its place in Fastenal by 1,019.0% in the course of the third quarter. Moisand Fitzgerald Tamayo LLC now owns 470 shares of the corporate’s inventory value $34,000 after buying an extra 428 shares within the final quarter. Institutional traders and hedge funds personal 81.38% of the corporate’s inventory.
Insider Exercise
In associated information, VP John Lewis Soderberg offered 488 shares of the enterprise’s inventory in a transaction that occurred on Monday, October 14th. The inventory was offered at a mean worth of $76.32, for a complete transaction of $37,244.16. The transaction was disclosed in a doc filed with the SEC, which may be accessed by the SEC web site. Additionally, EVP Anthony Paul Broersma offered 680 shares of the enterprise’s inventory in a transaction that occurred on Wednesday, October sixteenth. The inventory was offered at a mean worth of $77.86, for a complete worth of $52,944.80. The disclosure for this sale may be discovered right here. Insiders have offered 254,033 shares of firm inventory valued at $19,240,434 within the final three months. Company insiders personal 0.41% of the corporate’s inventory.
Analysts Set New Value Targets
FAST has been the topic of quite a lot of current analysis experiences. Robert W. Baird lifted their worth goal on Fastenal from $67.00 to $80.00 and gave the inventory a “impartial” ranking in a analysis report on Monday, October 14th. Stifel Nicolaus reiterated a “purchase” ranking and set a $86.00 worth goal (up beforehand from $80.00) on shares of Fastenal in a analysis report on Monday, October 14th. JPMorgan Chase & Co. lifted their worth goal on Fastenal from $57.00 to $63.00 and gave the inventory a “impartial” ranking in a analysis report on Thursday, October tenth. Morgan Stanley lifted their worth goal on Fastenal from $72.00 to $76.00 and gave the corporate an “equal weight” ranking in a report on Monday, October 14th. Lastly, UBS Group started protection on Fastenal in a report on Wednesday. They issued a “impartial” ranking and a $88.00 worth goal for the corporate. Eight funding analysts have rated the inventory with a maintain ranking and two have assigned a purchase ranking to the corporate’s inventory. In response to MarketBeat.com, Fastenal at present has a mean ranking of “Maintain” and a mean goal worth of $74.80.
Examine Out Our Newest Analysis Report on FAST
Fastenal Inventory Efficiency
NASDAQ FAST opened at $81.85 on Friday. The agency has a market capitalization of $46.89 billion, a P/E ratio of 40.86, a P/E/G ratio of 4.90 and a beta of 0.99. Fastenal has a 1-year low of $59.47 and a 1-year excessive of $84.88. The corporate has a debt-to-equity ratio of 0.03, a present ratio of 4.40 and a fast ratio of two.29. The enterprise’s 50-day easy transferring common is $74.64 and its 200-day easy transferring common is $69.13.
Fastenal (NASDAQ:FAST – Get Free Report) final launched its quarterly earnings knowledge on Friday, October eleventh. The corporate reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. The enterprise had income of $1.91 billion for the quarter, in comparison with analyst estimates of $1.90 billion. Fastenal had a return on fairness of 33.30% and a web margin of 15.44%. The corporate’s income was up 3.5% in comparison with the identical quarter final yr. Throughout the identical interval within the earlier yr, the corporate posted $0.52 EPS. Equities analysts predict that Fastenal will publish 2.03 EPS for the present yr.
Fastenal Dividend Announcement
The corporate additionally not too long ago disclosed a quarterly dividend, which might be paid on Friday, November twenty second. Stockholders of report on Friday, October twenty fifth might be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Friday, October twenty fifth. Fastenal’s dividend payout ratio is at present 77.61%.
Fastenal Firm Profile
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 provides fasteners, and associated industrial and development provides underneath the Fastenal title. The corporate’s fastener merchandise embrace threaded fasteners, bolts, nuts, screws, studs, and associated washers which can be utilized in manufactured merchandise and development initiatives, in addition to within the upkeep and restore of machines.
Additional Studying
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