Third View Private Wealth LLC Makes New $698,000 Investment in Fastenal Company $FAST

Third View Private Wealth LLC acquired a new position in shares of Fastenal Company (NASDAQ:FAST) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 17,393 shares of the company’s stock, valued at approximately $698,000.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Fastenal by 1.6% during the third quarter. Vanguard Group Inc. now owns 151,515,539 shares of the company’s stock worth $7,430,322,000 after purchasing an additional 2,346,045 shares during the last quarter. National Pension Service boosted its stake in shares of Fastenal by 3.6% during the third quarter. National Pension Service now owns 1,558,579 shares of the company’s stock worth $76,433,000 after buying an additional 53,888 shares during the period. Nordea Investment Management AB grew its holdings in shares of Fastenal by 6.3% during the third quarter. Nordea Investment Management AB now owns 3,713,469 shares of the company’s stock worth $181,626,000 after buying an additional 219,154 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Fastenal by 1.2% during the third quarter. Franklin Resources Inc. now owns 7,387,472 shares of the company’s stock worth $362,282,000 after buying an additional 90,095 shares during the last quarter. Finally, BlueStem Wealth Partners LLC purchased a new position in shares of Fastenal during the third quarter worth about $634,000. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Fastenal Price Performance

FAST stock opened at $44.62 on Wednesday. The firm has a 50 day moving average of $46.10 and a 200-day moving average of $43.73. Fastenal Company has a 12-month low of $38.97 and a 12-month high of $50.63. The company has a current ratio of 4.39, a quick ratio of 2.41 and a debt-to-equity ratio of 0.03. The company has a market cap of $51.24 billion, a price-to-earnings ratio of 39.14, a PEG ratio of 2.90 and a beta of 0.84.

Fastenal (NASDAQ:FAST) last posted its quarterly earnings results on Monday, April 13th. The company reported $0.30 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.30. Fastenal had a net margin of 15.39% and a return on equity of 33.25%. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period last year, the firm earned $0.52 EPS. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. As a group, equities analysts expect that Fastenal Company will post 2.15 EPS for the current fiscal year.

Fastenal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Tuesday, April 28th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Tuesday, April 28th. Fastenal’s dividend payout ratio (DPR) is presently 87.27%.

Insider Buying and Selling

In other news, Director Reyne K. Wisecup sold 36,920 shares of Fastenal stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $47.34, for a total transaction of $1,747,792.80. Following the completion of the sale, the director directly owned 40,000 shares in the company, valued at approximately $1,893,600. This trade represents a 48.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Scott Satterlee sold 15,964 shares of Fastenal stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $44.19, for a total transaction of $705,449.16. Following the sale, the director owned 50,000 shares of the company’s stock, valued at approximately $2,209,500. The trade was a 24.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.28% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

FAST has been the topic of a number of research reports. Morgan Stanley reissued a “positive” rating and set a $45.00 price target on shares of Fastenal in a report on Thursday, March 5th. UBS Group reissued a “neutral” rating and set a $46.00 price target on shares of Fastenal in a report on Wednesday, January 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Fastenal in a report on Friday, March 27th. Barclays raised their price target on Fastenal from $43.00 to $44.00 and gave the stock an “equal weight” rating in a report on Friday, March 6th. Finally, Sanford C. Bernstein reissued an “underperform” rating and set a $42.00 price target on shares of Fastenal in a report on Tuesday. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fastenal currently has a consensus rating of “Hold” and an average price target of $49.69.

Key Fastenal News

Here are the key news stories impacting Fastenal this week:

• Positive Sentiment: Sales growth and contract/pricing wins — Fastenal reported net sales of ~$2.20B, up ~12% YoY, driven by contract wins and pricing, which supports longer-term cash flow and capital returns. Fastenal 1Q Sales Jump on Pricing, Contract Wins
• Positive Sentiment: Bullish analyst actions — Bank of America raised its price target to $55 (largest upside among recent actions) and Robert W. Baird keeps an outperform stance with a $50 target, offering potential upside relative to current levels. BofA Raises PT to $55
• Positive Sentiment: Dividend maintained/increased cash returns — Fastenal announced the upcoming quarterly dividend, supporting income investors and signaling confidence in cash generation.
• Neutral Sentiment: Results essentially in-line — GAAP EPS of $0.30 met consensus and revenue slightly beat estimates; that removes a downside surprise but offers limited upside catalyst on its own. Zacks: Q1 Earnings Meet Estimates
• Neutral Sentiment: Earnings call transcript — Management acknowledged steady ramp in business since last summer but provided a cautious near-term tone; read the transcript for Q&A detail. Earnings Call Transcript
• Negative Sentiment: Margin squeeze from tariffs and energy — Management said tariff and energy-related supplier cost increases are outpacing the company’s ability to pass through prices, pressuring gross margins. Fastenal Sees Pricing Challenges
• Negative Sentiment: Higher capex and Q2 caution — Fastenal reiterated elevated 2026 capex (~$310–$330M or ~\$320M in some reports) and flagged Q2 as potentially challenging, which can limit near-term free cash flow and margin expansion. Seeking Alpha: CapEx and Q2 Outlook
• Negative Sentiment: Market reaction and downgrades — The stock sold off sharply after the print (near-term drop and elevated price surprise metrics), and Wolfe Research moved to an “underperform” with a lower $45 target, adding selling pressure. Barchart: Sold Off on Q1 Wolfe Lowers PT to $45

Fastenal Company Profile

Fastenal (NASDAQ: FAST) is a wholesale distributor of industrial and construction supplies, best known for its broad assortment of fasteners such as bolts, nuts, screws and anchors. Founded in Winona, Minnesota, Fastenal has grown from a regional supplier into a national and international distributor serving a wide range of end markets, including manufacturing, construction, maintenance, repair and operations (MRO), and government customers. The company is publicly traded and operates through a network of locally staffed branches combined with national distribution capabilities.

Product offerings extend beyond fasteners to include tools, safety and personal protective equipment, power transmission components, cutting and welding supplies, janitorial and material handling items, and other industrial consumables.