Guerra Pan Advisors LLC Acquires Shares of 5,124 Fastenal Company $FAST

Guerra Pan Advisors LLC acquired a new position in Fastenal Company (NASDAQ:FAST) during the 2nd quarter, HoldingsChannel reports. The fund acquired 5,124 shares of the company’s stock, valued at approximately $215,000.

A number of other hedge funds have also modified their holdings of FAST. 1248 Management LLC acquired a new position in Fastenal during the first quarter worth $36,000. Riverview Trust Co increased its holdings in Fastenal by 100.0% in the 2nd quarter. Riverview Trust Co now owns 584 shares of the company’s stock valued at $25,000 after purchasing an additional 292 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in Fastenal during the 1st quarter worth about $49,000. Private Wealth Management Group LLC boosted its stake in shares of Fastenal by 111.9% in the second quarter. Private Wealth Management Group LLC now owns 642 shares of the company’s stock valued at $27,000 after purchasing an additional 339 shares during the period. Finally, Hilltop National Bank acquired a new position in shares of Fastenal in the second quarter worth $27,000. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FAST has been the topic of several recent analyst reports. Sanford C. Bernstein began coverage on Fastenal in a report on Tuesday, November 11th. They issued an “underperform” rating and a $38.00 target price on the stock. Barclays decreased their target price on shares of Fastenal from $45.00 to $44.00 and set an “equal weight” rating for the company in a research note on Thursday, November 13th. JPMorgan Chase & Co. upped their price objective on shares of Fastenal from $41.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, September 4th. Baird R W upgraded Fastenal from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 7th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Fastenal in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $46.32.

Insider Buying and Selling

In other Fastenal news, Director Sarah N. Nielsen bought 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was acquired at an average cost of $39.60 per share, with a total value of $39,600.00. Following the completion of the purchase, the director directly owned 5,000 shares in the company, valued at approximately $198,000. This trade represents a 25.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Hsenghung Sam Hsu purchased 1,000 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were purchased at an average price of $49.58 per share, for a total transaction of $49,580.00. Following the acquisition, the director directly owned 10,000 shares of the company’s stock, valued at $495,800. This trade represents a 11.11% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have bought 3,000 shares of company stock worth $131,630. Corporate insiders own 0.37% of the company’s stock.

Fastenal Stock Performance

Fastenal stock opened at $39.91 on Friday. Fastenal Company has a one year low of $35.31 and a one year high of $50.63. The firm has a market capitalization of $45.82 billion, a PE ratio of 37.30, a price-to-earnings-growth ratio of 3.75 and a beta of 0.92. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.19 and a current ratio of 4.26. The stock’s 50 day moving average price is $43.92 and its 200 day moving average price is $44.34.

Fastenal (NASDAQ:FAST) last announced its earnings results on Tuesday, October 14th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. Fastenal had a net margin of 15.34% and a return on equity of 32.69%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.26 earnings per share. As a group, sell-side analysts expect that Fastenal Company will post 2.15 EPS for the current fiscal year.

Fastenal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Tuesday, October 28th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, October 28th. Fastenal’s dividend payout ratio (DPR) is 82.24%.

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.