Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in Fastenal Company (NASDAQ:FAST) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 223,954 shares of the company’s stock, valued at approximately $10,273,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH owned approximately 0.08% of Fastenal as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Commonwealth Bank of Australia increased its holdings in Fastenal by 44.9% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,429 shares of the company’s stock worth $104,000 after buying an additional 753 shares in the last quarter. Cable Hill Partners LLC bought a new stake in Fastenal in the 3rd quarter worth about $126,000. Parkside Financial Bank & Trust boosted its position in Fastenal by 3.0% in the second quarter. Parkside Financial Bank & Trust now owns 3,025 shares of the company’s stock worth $132,000 after purchasing an additional 88 shares during the last quarter. Clearbridge Investments LLC boosted its position in Fastenal by 417.7% in the first quarter. Clearbridge Investments LLC now owns 3,277 shares of the company’s stock worth $169,000 after purchasing an additional 2,644 shares during the last quarter. Finally, Krilogy Financial LLC boosted its position in Fastenal by 2.0% in the second quarter. Krilogy Financial LLC now owns 3,530 shares of the company’s stock worth $154,000 after purchasing an additional 70 shares during the last quarter. Institutional investors own 83.07% of the company’s stock.
In other Fastenal news, insider Leland J. Hein sold 10,000 shares of Fastenal stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $47.14, for a total value of $471,400.00. Following the sale, the insider now owns 21,290 shares of the company’s stock, valued at approximately $1,003,610.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen L. Eastman acquired 800 shares of Fastenal stock in a transaction on Tuesday, August 22nd. The stock was purchased at an average cost of $40.58 per share, for a total transaction of $32,464.00. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 38,000 shares of company stock worth $1,782,880. Corporate insiders own 0.55% of the company’s stock.
Shares of Fastenal Company (NASDAQ:FAST) traded up $0.05 on Friday, reaching $47.59. The company had a trading volume of 1,655,900 shares, compared to its average volume of 2,266,051. The company has a market cap of $13,676.89, a P/E ratio of 25.31, a PEG ratio of 1.76 and a beta of 1.06. Fastenal Company has a 52 week low of $39.79 and a 52 week high of $52.74. The company has a debt-to-equity ratio of 0.21, a current ratio of 5.36 and a quick ratio of 2.45.
Fastenal (NASDAQ:FAST) last released its quarterly earnings data on Wednesday, October 11th. The company reported $0.50 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.50. Fastenal had a return on equity of 27.28% and a net margin of 12.73%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the company posted $0.44 EPS. The company’s revenue was up 11.8% compared to the same quarter last year. equities research analysts predict that Fastenal Company will post 1.93 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Wednesday, October 25th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Tuesday, October 24th. Fastenal’s payout ratio is 68.09%.
Several research analysts have issued reports on the company. Zacks Investment Research raised Fastenal from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Thursday, August 3rd. Northcoast Research reissued a “buy” rating on shares of Fastenal in a research report on Friday, August 4th. BMO Capital Markets reissued a “market perform” rating and issued a $51.00 target price (up from $46.00) on shares of Fastenal in a research report on Tuesday, October 10th. KeyCorp reissued a “buy” rating and issued a $52.00 target price on shares of Fastenal in a research report on Thursday, October 12th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $46.00 price objective on shares of Fastenal in a research report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $50.80.
Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. The Company is engaged in fastener distribution, and non-fastener maintenance and supply business. As of December 31, 2016, it distributed these supplies through a network of approximately 2,500 stores. Its customers are in the manufacturing and non-residential construction markets.
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