ST Germain D J Co. Inc. Takes $112,000 Position in Fastenal (NASDAQ:FAST)

ST Germain D J Co. Inc. bought a new position in shares of Fastenal (NASDAQ:FAST) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,559 shares of the company’s stock, valued at approximately $112,000.

A number of other large investors also recently modified their holdings of the company. State Street Corp raised its holdings in Fastenal by 5.1% during the third quarter. State Street Corp now owns 27,989,485 shares of the company’s stock worth $1,999,009,000 after buying an additional 1,346,863 shares during the last quarter. Geode Capital Management LLC raised 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 acquiring an additional 880,372 shares during the last quarter. Marshall Wace LLP lifted its position in Fastenal by 4,008.2% in the 2nd quarter. Marshall Wace LLP now owns 756,241 shares of the company’s stock valued at $47,522,000 after acquiring an additional 737,833 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Fastenal by 19.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,837,530 shares of the company’s stock valued at $241,161,000 after purchasing an additional 636,546 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Fastenal by 3.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 19,878,045 shares of the company’s stock worth $1,419,690,000 after purchasing an additional 608,596 shares in the last quarter. 81.38% of the stock is currently owned by institutional investors.

Fastenal Stock Down 1.8 %

FAST opened at $71.63 on Friday. The company’s 50-day moving average price is $78.60 and its two-hundred day moving average price is $72.60. The company has a quick ratio of 2.29, a current ratio of 4.40 and a debt-to-equity ratio of 0.03. Fastenal has a twelve month low of $61.36 and a twelve month high of $84.88. The stock has a market cap of $41.04 billion, a price-to-earnings ratio of 35.64, a PEG ratio of 4.64 and a beta of 1.02.

Fastenal (NASDAQ:FAST) last announced its quarterly earnings data on Friday, October 11th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.90 billion. Fastenal had a return on equity of 33.30% and a net margin of 15.44%. Fastenal’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.52 earnings per share. As a group, equities analysts expect that Fastenal will post 2.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FAST has been the topic of a number of recent research reports. Stifel Nicolaus lowered Fastenal from a “buy” rating to a “hold” rating and set a $86.00 target price on the stock. in a report on Wednesday, December 11th. Stephens lifted their price objective on shares of Fastenal from $56.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, October 14th. Robert W. Baird increased their target price on shares of Fastenal from $67.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Hsbc Global Res cut shares of Fastenal from a “hold” rating to a “moderate sell” rating in a report on Wednesday, December 11th. Finally, Morgan Stanley upped their price objective on shares of Fastenal from $72.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $77.40.

Insider Transactions at Fastenal

In other news, VP John Lewis Soderberg sold 488 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $76.32, for a total value of $37,244.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel L. Johnson sold 8,474 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $83.36, for a total value of $706,392.64. Following the sale, the director now owns 10,595 shares in the company, valued at approximately $883,199.20. The trade was a 44.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 158,289 shares of company stock worth $12,639,438. 0.41% of the stock is owned by company insiders.

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.