DJE Kapital AG Invests $19.36 Million in Fastenal (NASDAQ:FAST)

DJE Kapital AG bought a new position in shares of Fastenal (NASDAQ:FAST - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 269,147 shares of the company's stock, valued at approximately $19,356,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FAST. Ashton Thomas Securities LLC bought a new position in Fastenal during the 3rd quarter worth about $25,000. Knuff & Co LLC acquired a new position in shares of Fastenal during the third quarter worth about $27,000. First Personal Financial Services bought a new position in shares of Fastenal during the third quarter worth about $36,000. Whipplewood Advisors LLC acquired a new stake in Fastenal in the 4th quarter valued at approximately $49,000. Finally, SBI Securities Co. Ltd. bought a new stake in Fastenal in the 4th quarter valued at approximately $49,000. Institutional investors own 81.38% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on FAST. Stifel Nicolaus reduced their target price on shares of Fastenal from $86.00 to $82.00 and set a "hold" rating for the company in a report on Tuesday, January 21st. Wolfe Research raised their price target on Fastenal from $74.00 to $76.00 and gave the company an "underweight" rating in a report on Thursday, January 16th. Hsbc Global Res lowered shares of Fastenal from a "hold" rating to a "moderate sell" rating in a research note on Wednesday, December 11th. HSBC downgraded shares of Fastenal from a "hold" rating to a "reduce" rating and set a $70.00 price objective for the company. in a research report on Wednesday, December 11th. Finally, Jefferies Financial Group lifted their price target on Fastenal from $74.00 to $85.00 and gave the stock a "hold" rating in a report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $76.91.

Fastenal Price Performance

NASDAQ:FAST traded down $0.23 during trading hours on Wednesday, reaching $74.01. 326,369 shares of the company were exchanged, compared to its average volume of 2,912,518. The business has a 50 day moving average of $74.07 and a 200 day moving average of $74.83. The company has a market capitalization of $42.44 billion, a P/E ratio of 36.82, a P/E/G ratio of 3.58 and a beta of 1.02. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.67 and a quick ratio of 2.28. Fastenal has a 1-year low of $61.36 and a 1-year high of $84.88.

Fastenal (NASDAQ:FAST - Get Free Report) last released its earnings results on Friday, January 17th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). Fastenal had a net margin of 15.25% and a return on equity of 32.55%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the business earned $0.46 earnings per share. Fastenal's quarterly revenue was up 3.7% compared to the same quarter last year. Research analysts forecast that Fastenal will post 2.15 EPS for the current year.

Fastenal Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, January 31st were given a dividend of $0.43 per share. This is an increase from Fastenal's previous quarterly dividend of $0.39. This represents a $1.72 annualized dividend and a yield of 2.32%. The ex-dividend date was Friday, January 31st. Fastenal's payout ratio is currently 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.