2 weeks Ago By Defense World Staff
Bokf Na grew its position in Fastenal ( NASDAQ:FAST – Free Report ) by 131.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,259 shares of the company’s stock after purchasing an additional 3,553 shares during the quarter.
Bokf Na’s holdings in Fastenal were worth $393,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds have also modified their holdings of the company. Central Valley Advisors LLC bought a new position in Fastenal in the 2nd quarter worth $28,000.
MCF Advisors LLC increased its stake in shares of Fastenal by 2,172.2% in the first quarter. MCF Advisors LLC now owns 409 shares of the company’s stock worth $32,000 after purchasing an additional 391 shares during the period.
Triad Wealth Partners LLC acquired a new position in shares of Fastenal during the 2nd quarter worth about $32,000. Crewe Advisors LLC lifted its position in shares of Fastenal by 528.4% during the 2nd quarter.
Crewe Advisors LLC now owns 509 shares of the company’s stock worth $32,000 after purchasing an additional 428 shares during the last quarter. Finally, OFI Invest Asset Management bought a new stake in Fastenal during the 2nd quarter valued at approximately $35,000. 81.
38% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth Several research analysts have commented on FAST shares. Morgan Stanley initiated coverage on Fastenal in a research report on Friday, September 6th.
They issued an “equal weight” rating and a $72.00 price target on the stock. Stifel Nicolaus restated a “buy” rating and issued a $80.
00 price target (down from $85.00) on shares of Fastenal in a research report on Monday, July 15th. Stephens reaffirmed an “equal weight” rating and set a $56.
00 price objective on shares of Fastenal in a research report on Monday, July 15th. Finally, Jefferies Financial Group cut their price target on Fastenal from $74.00 to $65.
00 and set a “hold” rating for the company in a report on Thursday, July 11th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Fastenal presently has a consensus rating of “Hold” and an average price target of $67.
43. Fastenal Price Performance Shares of NASDAQ FAST opened at $70.09 on Tuesday.
The company has a fifty day moving average price of $67.50 and a 200 day moving average price of $68.50.
The firm has a market cap of $40.14 billion, a PE ratio of 34.87, a PEG ratio of 3.
78 and a beta of 1.01. The company has a current ratio of 4.
39, a quick ratio of 2.29 and a debt-to-equity ratio of 0.04.
Fastenal has a 1-year low of $53.83 and a 1-year high of $79.04.
Fastenal ( NASDAQ:FAST – Get Free Report ) last posted its quarterly earnings data on Friday, July 12th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.
51. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.
91 billion. Fastenal had a return on equity of 33.54% and a net margin of 15.
54%. Fastenal’s quarterly revenue was up 1.8% on a year-over-year basis.
During the same period last year, the company earned $0.52 earnings per share. Research analysts predict that Fastenal will post 2.
04 earnings per share for the current fiscal year. Fastenal Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, July 26th were given a $0.
39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.
23%. The ex-dividend date was Friday, July 26th. Fastenal’s dividend payout ratio is presently 77.
61%. Insider Buying and Selling In other Fastenal news, CEO Daniel L. Florness sold 45,744 shares of Fastenal stock in a transaction on Wednesday, August 21st.
The shares were sold at an average price of $68.14, for a total value of $3,116,996.16.
Following the sale, the chief executive officer now directly owns 286,018 shares in the company, valued at approximately $19,489,266.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link .
In other news, CEO Daniel L. Florness sold 50,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $69.
68, for a total value of $3,484,000.00. Following the completion of the sale, the chief executive officer now owns 286,018 shares of the company’s stock, valued at approximately $19,929,734.
24. The transaction was disclosed in a legal filing with the SEC, which is available at this link . Also, CEO Daniel L.
Florness sold 45,744 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $68.14, for a total transaction of $3,116,996.
16. Following the completion of the transaction, the chief executive officer now directly owns 286,018 shares of the company’s stock, valued at $19,489,266.52.
The disclosure for this sale can be found here . 0.41% of the stock is currently owned by corporate insiders.
Fastenal Company Profile ( Free Report ) 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.
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