Xponance Inc. Has $8.73 Million Stock Holdings in Fastenal (NASDAQ:FAST)

Xponance Inc. increased its holdings in Fastenal (NASDAQ:FAST) by 0.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 121,392 shares of the company’s stock after buying an additional 210 shares during the quarter. Xponance Inc.’s holdings in Fastenal were worth $8,729,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FAST. Raymond James Financial Inc. acquired a new position in Fastenal in the fourth quarter worth about $101,183,000. State Street Corp raised its position in Fastenal by 5.1% in the third quarter. State Street Corp now owns 27,989,485 shares of the company’s stock worth $1,999,009,000 after purchasing an additional 1,346,863 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Fastenal by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,765,044 shares of the company’s stock worth $1,493,214,000 after purchasing an additional 886,999 shares in the last quarter. Geode Capital Management LLC raised its position in Fastenal by 5.6% in the third quarter. Geode Capital Management LLC now owns 16,683,751 shares of the company’s stock worth $1,188,251,000 after purchasing an additional 880,372 shares in the last quarter. Finally, Donaldson Capital Management LLC acquired a new position in Fastenal in the fourth quarter worth about $44,836,000. Institutional investors and hedge funds own 81.38% of the company’s stock.

Fastenal Trading Up 0.0 %

FAST opened at $76.09 on Wednesday. The stock has a market capitalization of $43.63 billion, a P/E ratio of 37.86, a P/E/G ratio of 3.58 and a beta of 1.05. Fastenal has a 12 month low of $61.36 and a 12 month high of $84.88. The firm’s fifty day simple moving average is $74.90 and its 200 day simple moving average is $75.46. The company has a current ratio of 4.67, a quick ratio of 2.28 and a debt-to-equity ratio of 0.03.

Fastenal (NASDAQ:FAST) last posted its quarterly earnings data on Friday, January 17th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). Fastenal had a net margin of 15.25% and a return on equity of 32.55%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the firm posted $0.46 earnings per share. The company’s revenue was up 3.7% compared to the same quarter last year. As a group, research analysts anticipate that Fastenal will post 2.15 EPS for the current fiscal year.

Fastenal Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, January 31st were given a dividend of $0.43 per share. The ex-dividend date was Friday, January 31st. This is a boost from Fastenal’s previous quarterly dividend of $0.39. This represents a $1.72 annualized dividend and a yield of 2.26%. Fastenal’s payout ratio is 85.57%.

Analyst Ratings Changes

FAST has been the subject of several recent analyst reports. Stifel Nicolaus dropped their price objective on shares of Fastenal from $86.00 to $82.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. Jefferies Financial Group increased their price target on shares of Fastenal from $74.00 to $85.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Wolfe Research lifted their target price on shares of Fastenal from $74.00 to $76.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. Hsbc Global Res lowered shares of Fastenal from a “hold” rating to a “moderate sell” rating in a report on Wednesday, December 11th. Finally, HSBC lowered shares of Fastenal from a “hold” rating to a “reduce” rating and set a $70.00 target price for the company. in a report on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $76.91.

Fastenal Company 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.