Cwm LLC Has $1.27 Million Stock Position in Fastenal (NASDAQ:FAST)

Cwm LLC raised its position in Fastenal (NASDAQ:FAST) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,642 shares of the company’s stock after purchasing an additional 852 shares during the quarter. Cwm LLC’s holdings in Fastenal were worth $1,272,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FAST. Envestnet Asset Management Inc. grew its stake in Fastenal by 47.3% in the third quarter. Envestnet Asset Management Inc. now owns 4,691,506 shares of the company’s stock valued at $256,344,000 after purchasing an additional 1,505,936 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Fastenal by 16.5% during the 3rd quarter. Invesco Ltd. now owns 6,745,302 shares of the company’s stock worth $368,563,000 after acquiring an additional 957,091 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Fastenal by 80.0% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,600,206 shares of the company’s stock worth $87,435,000 after acquiring an additional 711,265 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Fastenal by 9.3% during the 3rd quarter. Royal Bank of Canada now owns 6,651,629 shares of the company’s stock worth $363,445,000 after acquiring an additional 568,372 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Fastenal by 3.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,830,951 shares of the company’s stock worth $751,780,000 after acquiring an additional 423,112 shares in the last quarter. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Insider Transactions at Fastenal

In related news, Director Daniel L. Johnson bought 3,350 shares of the company’s stock in a transaction dated Wednesday, April 17th. The stock was acquired at an average cost of $68.38 per share, with a total value of $229,073.00. Following the acquisition, the director now owns 10,595 shares in the company, valued at approximately $724,486.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Jeffery Michael Watts sold 19,420 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $70.25, for a total transaction of $1,364,255.00. Following the completion of the sale, the insider now directly owns 5,940 shares of the company’s stock, valued at approximately $417,285. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel L. Johnson purchased 3,350 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The shares were acquired at an average cost of $68.38 per share, with a total value of $229,073.00. Following the completion of the acquisition, the director now directly owns 10,595 shares in the company, valued at $724,486.10. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 36,082 shares of company stock valued at $2,584,060. Corporate insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on FAST shares. Stifel Nicolaus upped their price target on Fastenal from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Robert W. Baird decreased their price target on Fastenal from $77.00 to $71.00 and set a “neutral” rating for the company in a research note on Friday, April 12th. HSBC upped their price target on Fastenal from $59.00 to $64.00 and gave the stock a “hold” rating in a research note on Monday, April 15th. Finally, Loop Capital decreased their target price on Fastenal from $71.00 to $66.00 and set a “hold” rating for the company in a research note on Monday, April 15th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Fastenal currently has an average rating of “Hold” and a consensus target price of $67.67.

Fastenal Trading Up 0.0 %

Fastenal stock opened at $68.17 on Friday. The business has a 50 day moving average price of $73.41 and a two-hundred day moving average price of $66.80. The company has a quick ratio of 2.49, a current ratio of 4.83 and a debt-to-equity ratio of 0.06. The stock has a market cap of $39.03 billion, a price-to-earnings ratio of 33.75, a price-to-earnings-growth ratio of 3.57 and a beta of 1.05. Fastenal has a 12 month low of $52.66 and a 12 month high of $79.04.

Fastenal (NASDAQ:FAST) last posted its quarterly earnings results on Thursday, April 11th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.01). The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.91 billion. Fastenal had a net margin of 15.68% and a return on equity of 33.98%. The company’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the company earned $0.52 EPS. As a group, equities analysts forecast that Fastenal will post 2.12 EPS for the current year.

Fastenal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, April 25th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, April 24th. This represents a $1.56 annualized dividend and a yield of 2.29%. Fastenal’s dividend payout ratio (DPR) is 77.23%.

Fastenal Profile

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, North America, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, bolts, nuts, screws, studs, and related washers that are used in manufactured products and construction projects, as well as in the maintenance and repair of machines.