Integrated Investment Consultants LLC Increases Stock Holdings in Fastenal (NASDAQ:FAST)

Integrated Investment Consultants LLC increased its stake in shares of Fastenal (NASDAQ:FAST) by 13.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 5,476 shares of the company’s stock after acquiring an additional 631 shares during the period. Integrated Investment Consultants LLC’s holdings in Fastenal were worth $391,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in shares of Fastenal during the third quarter worth about $25,000. Knuff & Co LLC purchased a new stake in Fastenal during the 3rd quarter worth approximately $27,000. Central Valley Advisors LLC acquired a new position in shares of Fastenal in the 2nd quarter valued at approximately $28,000. Triad Wealth Partners LLC purchased a new position in shares of Fastenal during the 2nd quarter valued at approximately $32,000. Finally, Crewe Advisors LLC grew its position in shares of Fastenal by 528.4% during the second quarter. Crewe Advisors LLC now owns 509 shares of the company’s stock worth $32,000 after buying an additional 428 shares in the last quarter. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Fastenal Price Performance

Shares of FAST opened at $83.08 on Friday. Fastenal has a 12 month low of $59.47 and a 12 month high of $84.88. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.40 and a quick ratio of 2.29. The stock has a fifty day moving average price of $76.26 and a 200 day moving average price of $69.72. The company has a market cap of $47.60 billion, a P/E ratio of 41.33, a PEG ratio of 4.78 and a beta of 0.99.

Fastenal (NASDAQ:FAST) last released its quarterly 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. The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.90 billion. Fastenal had a net margin of 15.44% and a return on equity of 33.30%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 earnings per share. On average, research analysts forecast that Fastenal will post 2.03 earnings per share for the current year.

Fastenal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were issued a dividend of $0.39 per share. The ex-dividend date was Friday, October 25th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.88%. Fastenal’s dividend payout ratio (DPR) is presently 77.61%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Robert W. Baird upped their price target on shares of Fastenal from $67.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, October 14th. UBS Group initiated coverage on shares of Fastenal in a research report on Wednesday, November 13th. They set a “neutral” rating and a $88.00 price target on the stock. Bank of America started coverage on Fastenal in a research note on Monday, October 7th. They set a “buy” rating and a $85.00 price objective on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $86.00 target price (up previously from $80.00) on shares of Fastenal in a research report on Monday, October 14th. Finally, Stephens boosted their price target on Fastenal from $56.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, October 14th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $74.80.

Insider Transactions at Fastenal

In related news, CAO Sheryl Ann Lisowski sold 13,567 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $76.19, for a total value of $1,033,669.73. Following the completion of the sale, the chief accounting officer now owns 5,096 shares of the company’s stock, valued at $388,264.24. This represents a 72.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Anthony Paul Broersma sold 680 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $77.86, for a total transaction of $52,944.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 208,289 shares of company stock worth $16,123,438. Company insiders own 0.41% of the company’s stock.

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.