Toth Financial Advisory Corp Has $5.29 Million Stock Holdings in Fastenal (NASDAQ:FAST)

Toth Financial Advisory Corp boosted its position in shares of Fastenal (NASDAQ:FAST) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,593 shares of the company’s stock after purchasing an additional 1,337 shares during the period. Toth Financial Advisory Corp’s holdings in Fastenal were worth $5,292,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp raised its holdings in shares of Fastenal by 5.1% during the 3rd quarter. State Street Corp now owns 27,989,485 shares of the company’s stock valued at $1,999,009,000 after purchasing an additional 1,346,863 shares in the last quarter. Geode Capital Management LLC raised its holdings in Fastenal by 5.6% during the third quarter. Geode Capital Management LLC now owns 16,683,751 shares of the company’s stock valued at $1,188,251,000 after buying an additional 880,372 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Fastenal by 3.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 19,878,045 shares of the company’s stock worth $1,419,690,000 after buying an additional 608,596 shares during the last quarter. Benjamin Edwards Inc. lifted its position in shares of Fastenal by 1,789.1% in the third quarter. Benjamin Edwards Inc. now owns 535,723 shares of the company’s stock worth $38,262,000 after buying an additional 507,364 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Fastenal by 59.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 928,377 shares of the company’s stock worth $66,305,000 after acquiring an additional 345,537 shares in the last quarter. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Fastenal Stock Up 0.1 %

Shares of FAST opened at $75.53 on Friday. Fastenal has a 52 week low of $61.36 and a 52 week high of $84.88. The firm has a market capitalization of $43.27 billion, a P/E ratio of 37.58, a P/E/G ratio of 3.60 and a beta of 1.02. The company has a 50-day simple moving average of $77.18 and a 200-day simple moving average of $73.38. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.28 and a current ratio of 4.67.

Fastenal (NASDAQ:FAST) last announced its quarterly earnings data on Friday, January 17th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1,842,560.16 billion. Fastenal had a return on equity of 32.55% and a net margin of 15.25%. Fastenal’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 EPS. On average, equities research analysts expect that Fastenal will post 2.15 earnings per share for the current year.

Fastenal Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.43 per share. The ex-dividend date is Friday, January 31st. This represents a $1.72 dividend on an annualized basis and a yield of 2.28%. This is an increase from Fastenal’s previous quarterly dividend of $0.39. Fastenal’s payout ratio is currently 85.57%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on FAST shares. Robert W. Baird raised their price objective on Fastenal from $67.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Stifel Nicolaus dropped their price target on shares of Fastenal from $86.00 to $82.00 and set a “hold” rating on the stock in a research report on Tuesday. UBS Group initiated coverage on shares of Fastenal in a report on Wednesday, November 13th. They set a “neutral” rating and a $88.00 price objective for the company. Bank of America assumed coverage on shares of Fastenal in a report on Monday, October 7th. They issued a “buy” rating and a $85.00 target price on the stock. Finally, Wolfe Research upped their price target on shares of Fastenal from $74.00 to $76.00 and gave the company an “underweight” rating in a report on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $76.91.

Insider Buying and Selling at Fastenal

In other Fastenal news, Director Rita J. Heise sold 10,888 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $77.67, for a total value of $845,670.96. Following the sale, the director now directly owns 20,000 shares in the company, valued at $1,553,400. This represents a 35.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Charles S. Miller sold 23,480 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $83.92, for a total transaction of $1,970,441.60. The disclosure for this sale can be found here. Insiders have sold 74,660 shares of company stock valued at $6,211,126 in the last 90 days. 0.41% of the stock is currently owned by company insiders.

About Fastenal

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.