Fastenal Company $FAST Holdings Raised by Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group grew its stake in shares of Fastenal Company (NASDAQ:FAST) by 41.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,626 shares of the company’s stock after purchasing an additional 6,044 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Fastenal were worth $866,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Ashton Thomas Private Wealth LLC lifted its holdings in shares of Fastenal by 126.1% during the second quarter. Ashton Thomas Private Wealth LLC now owns 60,562 shares of the company’s stock valued at $2,544,000 after purchasing an additional 33,772 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Fastenal by 103.5% during the second quarter. Envestnet Asset Management Inc. now owns 9,734,500 shares of the company’s stock valued at $408,849,000 after purchasing an additional 4,950,503 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Fastenal by 112.9% during the second quarter. Nisa Investment Advisors LLC now owns 395,720 shares of the company’s stock valued at $16,620,000 after purchasing an additional 209,852 shares during the last quarter. Resonant Capital Advisors LLC lifted its holdings in shares of Fastenal by 120.6% during the second quarter. Resonant Capital Advisors LLC now owns 32,513 shares of the company’s stock valued at $1,366,000 after purchasing an additional 17,776 shares during the last quarter. Finally, Wealthfront Advisers LLC lifted its holdings in shares of Fastenal by 105.5% during the second quarter. Wealthfront Advisers LLC now owns 192,192 shares of the company’s stock valued at $8,072,000 after purchasing an additional 98,656 shares during the last quarter. 81.38% of the stock is owned by hedge funds and other institutional investors.

Fastenal Stock Down 0.3%

FAST opened at $42.87 on Monday. Fastenal Company has a fifty-two week low of $35.31 and a fifty-two week high of $50.63. The business has a 50-day moving average of $47.27 and a 200-day moving average of $44.29. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.26 and a quick ratio of 2.19. The company has a market capitalization of $49.22 billion, a PE ratio of 40.07, a price-to-earnings-growth ratio of 3.91 and a beta of 0.94.

Fastenal (NASDAQ:FAST) last posted its quarterly earnings results on Monday, October 13th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Fastenal had a return on equity of 32.69% and a net margin of 15.34%.The firm had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same period last year, the business earned $0.26 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. Equities research analysts forecast that Fastenal Company will post 2.15 EPS for the current fiscal year.

Fastenal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Tuesday, October 28th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, October 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.1%. Fastenal’s dividend payout ratio (DPR) is 82.24%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on FAST shares. JPMorgan Chase & Co. upped their target price on Fastenal from $41.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, September 4th. Northcoast Research assumed coverage on Fastenal in a research note on Thursday, August 21st. They issued a “neutral” rating for the company. Stephens increased their price objective on Fastenal from $40.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 15th. Loop Capital reissued a “hold” rating on shares of Fastenal in a research note on Tuesday, July 15th. Finally, Stifel Nicolaus set a $82.00 price objective on Fastenal in a research note on Thursday, July 3rd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $46.50.

Insider Transactions at Fastenal

In other news, Director Hsenghung Sam Hsu purchased 1,000 shares of the business’s stock in a transaction dated Thursday, October 16th. The stock was bought at an average cost of $42.45 per share, with a total value of $42,450.00. Following the purchase, the director directly owned 9,000 shares of the company’s stock, valued at approximately $382,050. This trade represents a 12.50% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP John Lewis Soderberg sold 34,612 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $48.03, for a total value of $1,662,414.36. The disclosure for this sale can be found here. Insiders sold 90,178 shares of company stock valued at $4,336,603 over the last 90 days. Company insiders own 0.37% of the company’s stock.

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.