Fastenal Company $FAST Shares Purchased by DJE Kapital AG

DJE Kapital AG increased its holdings in shares of Fastenal Company (NASDAQ:FAST) by 3.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 355,299 shares of the company’s stock after buying an additional 13,499 shares during the period. DJE Kapital AG’s holdings in Fastenal were worth $16,191,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC increased its position in shares of Fastenal by 2.4% during the first quarter. Integrated Wealth Concepts LLC now owns 6,276 shares of the company’s stock worth $487,000 after acquiring an additional 147 shares during the period. Tandem Investment Advisors Inc. boosted its holdings in Fastenal by 1.8% in the first quarter. Tandem Investment Advisors Inc. now owns 12,356 shares of the company’s stock valued at $573,000 after purchasing an additional 224 shares during the period. Sittner & Nelson LLC boosted its holdings in Fastenal by 0.3% in the fourth quarter. Sittner & Nelson LLC now owns 68,495 shares of the company’s stock valued at $2,749,000 after purchasing an additional 226 shares during the period. Founders Capital Management LLC grew its stake in Fastenal by 2.2% during the 4th quarter. Founders Capital Management LLC now owns 10,428 shares of the company’s stock worth $418,000 after purchasing an additional 228 shares in the last quarter. Finally, Sound Income Strategies LLC grew its stake in Fastenal by 12.9% during the 1st quarter. Sound Income Strategies LLC now owns 2,025 shares of the company’s stock worth $94,000 after purchasing an additional 232 shares in the last quarter. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Fastenal Stock Down 1.6%

Fastenal stock opened at $44.76 on Tuesday. Fastenal Company has a 1-year low of $38.97 and a 1-year high of $50.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.18 and a quick ratio of 2.21. The stock has a market cap of $51.36 billion, a PE ratio of 37.93, a P/E/G ratio of 2.85 and a beta of 0.72. The stock’s fifty day moving average is $45.74 and its two-hundred day moving average is $45.23.

Fastenal (NASDAQ:FAST) last announced its quarterly earnings results on Tuesday, July 14th. The company reported $0.33 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.33. Fastenal had a return on equity of 34.03% and a net margin of 15.45%.The company had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the previous year, the business earned $0.29 EPS. Fastenal’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, sell-side analysts expect that Fastenal Company will post 1.25 EPS for the current fiscal year.

Fastenal Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Tuesday, July 28th will be paid a dividend of $0.26 per share. The ex-dividend date is Tuesday, July 28th. This is a positive change from Fastenal’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a yield of 2.3%. Fastenal’s dividend payout ratio (DPR) is presently 81.36%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FAST shares. Bank of America increased their price target on Fastenal from $48.00 to $55.00 in a research report on Monday, April 13th. JPMorgan Chase & Co. boosted their price objective on Fastenal from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, April 9th. Barclays cut their target price on shares of Fastenal from $47.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 16th. DA Davidson reaffirmed a “neutral” rating and issued a $46.00 target price on shares of Fastenal in a report on Wednesday, July 15th. Finally, Rothschild & Co Redburn set a $55.00 price target on shares of Fastenal and gave the stock a “buy” rating in a research note on Monday, July 13th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $48.83.

Fastenal 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.