Signaturefd LLC Sells 309 Shares of Fastenal (NASDAQ:FAST)

Signaturefd LLC lessened its position in shares of Fastenal (NASDAQ:FAST) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,160 shares of the company’s stock after selling 309 shares during the period. Signaturefd LLC’s holdings in Fastenal were worth $515,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp increased its holdings in Fastenal by 5.1% during the 3rd quarter. State Street Corp now owns 27,989,485 shares of the company’s stock worth $1,999,009,000 after acquiring an additional 1,346,863 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Fastenal by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,765,044 shares of the company’s stock worth $1,493,214,000 after buying an additional 886,999 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Fastenal by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 16,683,751 shares of the company’s stock worth $1,188,251,000 after buying an additional 880,372 shares during the last quarter. Cantillon Capital Management LLC increased its holdings in shares of Fastenal by 0.5% in the 4th quarter. Cantillon Capital Management LLC now owns 4,931,928 shares of the company’s stock worth $354,655,000 after buying an additional 26,254 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Fastenal by 5.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,718,200 shares of the company’s stock worth $336,974,000 after buying an additional 226,126 shares during the last quarter. Institutional investors own 81.38% of the company’s stock.

Fastenal Trading Down 1.2 %

Shares of FAST opened at $75.51 on Friday. The stock has a market capitalization of $43.30 billion, a P/E ratio of 37.57, a PEG ratio of 3.58 and a beta of 1.05. The company has a quick ratio of 2.28, a current ratio of 4.67 and a debt-to-equity ratio of 0.03. The firm has a fifty day simple moving average of $75.02 and a two-hundred day simple moving average of $75.47. Fastenal has a twelve month low of $61.36 and a twelve month high of $84.88.

Fastenal (NASDAQ:FAST) last announced 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 for the quarter, compared to analysts’ expectations of $1.84 billion. Fastenal had a net margin of 15.25% and a return on equity of 32.55%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.46 EPS. On average, research analysts anticipate that Fastenal will post 2.15 EPS for the current year.

Fastenal Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, January 31st were given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.28%. This is a boost from Fastenal’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, January 31st. Fastenal’s dividend payout ratio (DPR) is currently 85.57%.

Analyst Ratings Changes

A number of brokerages have recently commented on FAST. Hsbc Global Res lowered shares of Fastenal from a “hold” rating to a “moderate sell” rating in a report on Wednesday, December 11th. William Blair raised shares of Fastenal from a “market perform” rating to an “outperform” rating in a report on Monday, March 10th. Stifel Nicolaus decreased their price target on shares of Fastenal from $86.00 to $82.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. HSBC lowered shares of Fastenal from a “hold” rating to a “reduce” rating and set a $70.00 target price on the stock. in a report on Wednesday, December 11th. Finally, Wolfe Research increased their target price on shares of Fastenal from $74.00 to $76.00 and gave the company an “underweight” rating in a report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $76.91.

About Fastenal

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.