According to Fastenal Company's latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 85.94%. Boston Financial Mangement LLC now owns 189,243 shares of the company's stock valued at $8,238,000 after purchasing an additional 4,201 shares during the last quarter. RiverPark Advisors LLC owned about 0.26% of Fastenal worth $34,481,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in FAST.
Fastenal Company most recently reported earnings per share (EPS) of $0.5 for the September 2017 versus $0.44 in the same quarter a year ago, representing 14% growth. Insiders have acquired 6,700 shares of company stock worth $299,343 over the last quarter. Seven Eight Capital LP raised its holdings in shares of Fastenal by 67.2% in the second quarter. Aperio Group LLC now owns 111,317 shares of the company's stock valued at $4,846,000 after purchasing an additional 9,203 shares during the period. Girard Partners LTD. raised its holdings in shares of Fastenal by 14.5% in the second quarter. FineMark National Bank & Trust now owns 12,145 shares of the company's stock worth $529,000 after buying an additional 3,477 shares in the last quarter. Finally, Boston Financial Mangement LLC increased its stake in Fastenal by 2.3% in the 2nd quarter. The Investment Centers Of America Inc holds 149,817 shares with $6.52M value, up from 98,699 last quarter.
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The other 9, though not evenly; between analysts who think you should buy Fastenal Company versus those who think you should sell it. The stock of Fastenal Company (NASDAQ:FAST) has "Buy" rating given on Thursday, March 17 by Stifel Nicolaus. The stock has "Buy" rating by Stephens on Wednesday, October 11. Morgan Stanley reaffirmed an "equal weight" rating and issued a $46.00 target price (up from $44.00) on shares of Fastenal in a research report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. The shares were sold at an average price of $48.02, for a total value of $1,440,600.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
In other news, insider Leland J. Hein sold 10,000 shares of the company's stock in a transaction on Wednesday, October 18th. Of those transactions, there were 18,284 shares of FAST bought and 203,032 shares sold. Following the completion of the sale, the insider now owns 20,258 shares in the company, valued at $987,374.92. The disclosure for this purchase can be found here. The company's quarterly EPS surprised Wall Street by as much as 0% to the downside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. The insider now holds 10,258 shares of Fastenal Company (FAST). During the last 52 weeks, the (NASDAQ:FAST) price has been as high as $55.35 and as low as $39.79. The company has a quick ratio of 2.45, a current ratio of 5.36 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $15,487.47, a P/E ratio of 28.67, a P/E/G ratio of 2.00 and a beta of 1.08.
Fastenal (NASDAQ:FAST) last posted its quarterly earnings results on Wednesday, October 11th. The company reported $0.50 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.50. Fastenal had a net margin of 12.73% and a return on equity of 27.28%. Revenue during the quarter was $1.13 billion, representing 12% growth from $1.01 billion in year-ago quarter. During the same period in the prior year, the company posted $0.44 EPS. analysts predict that Fastenal will post 1.93 earnings per share for the current fiscal year. The business's revenue was up 11.8% compared to the same quarter previous year. Shareholders of record on Wednesday, October 25th were given a $0.32 dividend. SLB comes in with a P/S ratio of 2.98 that's greater than 1, potentially implying that it could be expensive relative to the overall sector (15.42) and its peers (2.27). The ex-dividend date was Tuesday, October 24th. Fastenal's dividend payout ratio (DPR) is 68.09%. Community Fincl Bank Na reported 0.03% in Fastenal Company (NASDAQ:FAST). If you are reading this report on another publication, it was stolen and reposted in violation of United States and worldwide trademark and copyright law. The correct version of this piece can be viewed at https://weekherald.com/2017/12/07/fastenal-fast-shares-sold-by-trexquant-investment-lp.html. The companyÂ's fastener products include threaded fasteners, such as bolts, nuts, screws, studs, and related washers, which are used in manufactured products and building projects, as well as in the maintenance and fix of machines and structures.
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