Sei Investments Co. Buys 164 Shares of Fastenal (NASDAQ:FAST)

Sei Investments Co. increased its stake in Fastenal (NASDAQ:FAST) by 0.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 501,668 shares of the company’s stock after purchasing an additional 164 shares during the period. Sei Investments Co. owned 0.09% of Fastenal worth $38,699,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Public Sector Pension Investment Board raised its position in shares of Fastenal by 12.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 61,310 shares of the company’s stock valued at $3,350,000 after acquiring an additional 6,666 shares during the last quarter. American Century Companies Inc. raised its position in shares of Fastenal by 24.0% during the 3rd quarter. American Century Companies Inc. now owns 382,378 shares of the company’s stock valued at $20,893,000 after acquiring an additional 74,072 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of Fastenal during the 3rd quarter valued at $1,293,000. Anchor Investment Management LLC bought a new stake in shares of Fastenal during the 4th quarter valued at $223,000. Finally, Massmutual Trust Co. FSB ADV raised its position in shares of Fastenal by 61.2% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,920 shares of the company’s stock valued at $124,000 after acquiring an additional 729 shares during the last quarter. Institutional investors own 81.38% of the company’s stock.

Insider Buying and Selling

In other Fastenal news, Director Hsenghung Sam Hsu acquired 500 shares of Fastenal stock in a transaction dated Monday, June 10th. The stock was bought at an average cost of $63.28 per share, for a total transaction of $31,640.00. Following the purchase, the director now directly owns 3,500 shares in the company, valued at approximately $221,480. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP James C. Jansen sold 11,428 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $64.07, for a total transaction of $732,191.96. Following the completion of the transaction, the executive vice president now directly owns 26,176 shares in the company, valued at approximately $1,677,096.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Hsenghung Sam Hsu acquired 500 shares of Fastenal stock in a transaction dated Monday, June 10th. The shares were acquired at an average price of $63.28 per share, with a total value of $31,640.00. Following the completion of the purchase, the director now owns 3,500 shares in the company, valued at $221,480. The disclosure for this purchase can be found here. Company insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on FAST shares. Robert W. Baird dropped their target price on shares of Fastenal from $71.00 to $69.00 and set a “neutral” rating for the company in a research report on Tuesday, May 7th. Jefferies Financial Group lowered their price objective on shares of Fastenal from $74.00 to $65.00 and set a “hold” rating for the company in a research report on Thursday. Stephens restated an “equal weight” rating and issued a $56.00 price objective on shares of Fastenal in a research report on Monday. HSBC upped their price objective on shares of Fastenal from $59.00 to $64.00 and gave the company a “hold” rating in a research report on Monday, April 15th. Finally, Loop Capital lowered their price objective on shares of Fastenal from $71.00 to $66.00 and set a “hold” rating for the company in a research report on Monday, April 15th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $66.67.

Fastenal Stock Up 3.7 %

NASDAQ FAST traded up $2.39 on Monday, reaching $67.83. The company had a trading volume of 5,192,738 shares, compared to its average volume of 3,747,631. The firm has a market capitalization of $38.84 billion, a price-to-earnings ratio of 33.10, a price-to-earnings-growth ratio of 3.53 and a beta of 1.01. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.49 and a current ratio of 4.83. Fastenal has a 1-year low of $53.83 and a 1-year high of $79.04. The company’s fifty day moving average is $64.87 and its 200-day moving average is $68.53.

Fastenal (NASDAQ:FAST) last announced its earnings results on Friday, July 12th. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.91 billion. Fastenal had a net margin of 15.54% and a return on equity of 33.74%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 EPS. On average, research analysts forecast that Fastenal will post 2.06 earnings per share for the current fiscal year.

Fastenal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, July 26th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Friday, July 26th. Fastenal’s payout ratio is presently 77.61%.

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.