Fastenal Company $FAST Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund reduced its holdings in shares of Fastenal Company (NASDAQ:FAST) by 60.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 663,958 shares of the company’s stock after selling 1,015,353 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Fastenal were worth $26,645,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new position in Fastenal during the 4th quarter valued at about $25,000. Palladiem LLC acquired a new position in Fastenal during the 4th quarter valued at about $25,000. Field & Main Bank acquired a new position in Fastenal during the 4th quarter valued at about $30,000. Tucker Asset Management LLC acquired a new position in Fastenal during the 4th quarter valued at about $33,000. Finally, Tradewinds Capital Management LLC acquired a new position in Fastenal during the 4th quarter valued at about $35,000. 81.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on FAST shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Fastenal in a research report on Friday, March 27th. Benchmark reissued a “buy” rating on shares of Fastenal in a report on Thursday, March 5th. Raymond James Financial set a $48.00 price objective on Fastenal in a report on Thursday, March 5th. DA Davidson set a $46.00 price objective on Fastenal in a report on Monday. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Fastenal in a report on Thursday, June 4th. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $49.57.

Fastenal Stock Down 1.0%

Shares of FAST stock opened at $46.10 on Tuesday. The stock’s 50-day simple moving average is $45.15 and its 200-day simple moving average is $44.31. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.34 and a current ratio of 4.39. The firm has a market capitalization of $52.92 billion, a PE ratio of 40.44, a P/E/G ratio of 2.96 and a beta of 0.73. Fastenal Company has a fifty-two week low of $38.97 and a fifty-two week high of $50.63.

Fastenal (NASDAQ:FAST) last announced its quarterly earnings data on Monday, April 13th. The company reported $0.30 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.30. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.19 billion. Fastenal had a return on equity of 33.25% and a net margin of 15.39%.The company’s revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 earnings per share. Equities analysts expect that Fastenal Company will post 1.24 earnings per share for the current year.

Fastenal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, April 28th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, April 28th. Fastenal’s dividend payout ratio (DPR) is 84.21%.

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.