Park National Corp OH Has $364,000 Stake in Fastenal (NASDAQ:FAST)

Park National Corp OH lowered its holdings in shares of Fastenal (NASDAQ:FAST) by 30.0% during the fourth quarter, HoldingsChannel reports. The firm owned 5,057 shares of the company’s stock after selling 2,166 shares during the quarter. Park National Corp OH’s holdings in Fastenal were worth $364,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. State Street Corp lifted its stake in Fastenal by 5.1% in the third quarter. State Street Corp now owns 27,989,485 shares of the company’s stock valued at $1,999,009,000 after buying an additional 1,346,863 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Fastenal by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 19,878,045 shares of the company’s stock worth $1,419,690,000 after acquiring an additional 608,596 shares during the period. Geode Capital Management LLC lifted its position in Fastenal by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 16,683,751 shares of the company’s stock valued at $1,188,251,000 after acquiring an additional 880,372 shares in the last quarter. Legal & General Group Plc boosted its stake in Fastenal by 3.4% in the 2nd quarter. Legal & General Group Plc now owns 5,909,206 shares of the company’s stock worth $371,334,000 after purchasing an additional 193,734 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Fastenal by 5.0% during 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 purchasing an additional 226,126 shares in the last quarter. Institutional investors own 81.38% of the company’s stock.

Insider Activity

In other news, CEO Daniel L. Florness sold 31,818 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $84.50, for a total value of $2,688,621.00. Following the completion of the sale, the chief executive officer now owns 286,018 shares of the company’s stock, valued at approximately $24,168,521. The trade was a 10.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Sheryl Ann Lisowski sold 13,567 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $76.19, for a total transaction of $1,033,669.73. Following the transaction, the chief accounting officer now directly owns 5,096 shares in the company, valued at approximately $388,264.24. This represents a 72.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 158,289 shares of company stock valued at $12,639,438. 0.41% of the stock is owned by insiders.

Fastenal Trading Up 0.9 %

FAST stock opened at $72.94 on Thursday. Fastenal has a one year low of $61.33 and a one year high of $84.88. The stock has a market cap of $41.79 billion, a price-to-earnings ratio of 36.29, a price-to-earnings-growth ratio of 4.64 and a beta of 1.02. The company has a fifty day moving average price of $78.84 and a two-hundred day moving average price of $72.49. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.40 and a quick ratio of 2.29.

Fastenal (NASDAQ:FAST) last announced its earnings results on Friday, October 11th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. Fastenal had a net margin of 15.44% and a return on equity of 33.30%. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the previous year, the firm posted $0.52 EPS. Fastenal’s revenue was up 3.5% compared to the same quarter last year. Equities analysts anticipate that Fastenal will post 2.03 EPS for the current year.

Analyst Ratings Changes

FAST has been the topic of several research reports. Jefferies Financial Group boosted their target price on Fastenal from $74.00 to $85.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Robert W. Baird increased their target price on shares of Fastenal from $67.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Stifel Nicolaus lowered shares of Fastenal from a “buy” rating to a “hold” rating and set a $86.00 price target on the stock. in a research note on Wednesday, December 11th. Stephens increased their price objective on shares of Fastenal from $56.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, October 14th. Finally, Morgan Stanley upped their target price on Fastenal from $72.00 to $76.00 and gave the stock an “equal weight” rating in a report on Monday, October 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Fastenal presently has an average rating of “Hold” and an average target price of $77.40.

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.