Bedrijfstakpensioenfonds Voor DE Media PNO Sells 15,000 Shares of Fastenal (NASDAQ:FAST)

Bedrijfstakpensioenfonds Voor DE Media PNO cut its holdings in Fastenal (NASDAQ:FAST) by 11.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 115,000 shares of the company’s stock after selling 15,000 shares during the period. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in Fastenal were worth $7,986,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FAST. Ashton Thomas Securities LLC bought a new stake in Fastenal in the 3rd quarter valued at about $25,000. Knuff & Co LLC bought a new stake in Fastenal in the 3rd quarter valued at about $27,000. Moisand Fitzgerald Tamayo LLC increased its position in Fastenal by 1,019.0% in the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 470 shares of the company’s stock valued at $34,000 after buying an additional 428 shares in the last quarter. First Personal Financial Services bought a new stake in Fastenal in the 3rd quarter valued at about $36,000. Finally, CVA Family Office LLC increased its position in Fastenal by 51.0% in the 3rd quarter. CVA Family Office LLC now owns 533 shares of the company’s stock valued at $38,000 after buying an additional 180 shares in the last quarter. 81.38% of the stock is owned by institutional investors.

Fastenal Trading Up 0.0 %

NASDAQ:FAST opened at $76.09 on Wednesday. The company has a market cap of $43.59 billion, a P/E ratio of 37.86, a P/E/G ratio of 4.18 and a beta of 1.02. The stock’s fifty day moving average price is $77.75 and its two-hundred day moving average price is $73.17. Fastenal has a 1 year low of $61.36 and a 1 year high of $84.88. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.67 and a quick ratio of 2.28.

Fastenal (NASDAQ:FAST) last released its quarterly earnings results on Friday, January 17th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02). The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1,842,560.16 billion. Fastenal had a return on equity of 32.55% and a net margin of 15.25%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 EPS. As a group, analysts expect that Fastenal will post 2.19 EPS for the current year.

Fastenal Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, January 31st will be issued a $0.43 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.72 annualized dividend and a dividend yield of 2.26%. This is a boost from Fastenal’s previous quarterly dividend of $0.39. Fastenal’s dividend payout ratio is presently 77.61%.

Wall Street Analyst Weigh In

FAST has been the subject of a number of recent research reports. Hsbc Global Res lowered Fastenal from a “hold” rating to a “moderate sell” rating in a report on Wednesday, December 11th. Morgan Stanley boosted their price objective on Fastenal from $72.00 to $76.00 and gave the stock an “equal weight” rating in a report on Monday, October 14th. Wolfe Research boosted their price objective on Fastenal from $74.00 to $76.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. Stephens boosted their target price on Fastenal from $56.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, October 14th. Finally, UBS Group initiated coverage on Fastenal in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $88.00 target price on the stock. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $76.91.

Insider Transactions at Fastenal

In related news, Director Daniel L. Johnson sold 8,474 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $83.36, for a total value of $706,392.64. Following the transaction, the director now owns 10,595 shares of the company’s stock, valued at $883,199.20. This represents a 44.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rita J. Heise sold 10,888 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $77.67, for a total transaction of $845,670.96. Following the sale, the director now owns 20,000 shares of the company’s stock, valued at approximately $1,553,400. The trade was a 35.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 74,660 shares of company stock valued at $6,211,126. 0.41% of the stock is currently owned by company insiders.

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.