Fastenal (NASDAQ:FAST) Shares Bought by Roundview Capital LLC

Roundview Capital LLC grew its stake in Fastenal (NASDAQ:FAST) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 113,969 shares of the company’s stock after buying an additional 1,622 shares during the quarter. Roundview Capital LLC’s holdings in Fastenal were worth $8,196,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Sound Financial Strategies Group LLC acquired a new position in Fastenal in the fourth quarter valued at approximately $873,000. Matrix Trust Co purchased a new position in shares of Fastenal during the 4th quarter valued at approximately $1,756,000. Franklin Resources Inc. lifted its stake in shares of Fastenal by 3.8% in the 3rd quarter. Franklin Resources Inc. now owns 4,572,999 shares of the company’s stock valued at $350,703,000 after purchasing an additional 165,423 shares during the period. Czech National Bank boosted its holdings in Fastenal by 6.5% during the fourth quarter. Czech National Bank now owns 124,213 shares of the company’s stock worth $8,932,000 after buying an additional 7,559 shares in the last quarter. Finally, Armstrong Henry H Associates Inc. grew its position in Fastenal by 29.9% during the fourth quarter. Armstrong Henry H Associates Inc. now owns 36,367 shares of the company’s stock valued at $2,615,000 after buying an additional 8,380 shares during the period. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Wall Street Analyst Weigh In

FAST has been the subject of a number of analyst reports. Hsbc Global Res downgraded shares of Fastenal from a “hold” rating to a “moderate sell” rating in a research report on Wednesday, December 11th. Wolfe Research upped their price target on Fastenal from $74.00 to $76.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. William Blair upgraded Fastenal from a “market perform” rating to an “outperform” rating in a research report on Monday, March 10th. Stifel Nicolaus cut their price objective on Fastenal from $86.00 to $82.00 and set a “hold” rating for the company in a research report on Tuesday, January 21st. Finally, HSBC lowered Fastenal from a “hold” rating to a “reduce” rating and set a $70.00 target price on the stock. in a research report on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $76.91.

Fastenal Trading Up 1.8 %

Shares of FAST opened at $77.55 on Tuesday. The firm’s fifty day moving average is $75.38 and its two-hundred day moving average is $76.04. The stock has a market cap of $44.47 billion, a PE ratio of 38.58, a price-to-earnings-growth 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. Fastenal has a 52-week low of $61.36 and a 52-week high of $84.88.

Fastenal (NASDAQ:FAST) last posted its quarterly earnings results on Friday, January 17th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.84 billion. Fastenal had a return on equity of 32.55% and a net margin of 15.25%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.46 earnings per share. Research analysts forecast that Fastenal will post 2.15 earnings per share for the current fiscal year.

Fastenal Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, January 31st were given a $0.43 dividend. The ex-dividend date was Friday, January 31st. This is a positive change from Fastenal’s previous quarterly dividend of $0.39. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.22%. Fastenal’s dividend payout ratio is 85.57%.

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.