American Century Companies Inc. Has $33.93 Million Stock Position in Fastenal (NASDAQ:FAST)

American Century Companies Inc. decreased its position in Fastenal (NASDAQ:FAST - Free Report) by 30.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 471,896 shares of the company's stock after selling 206,441 shares during the period. American Century Companies Inc. owned approximately 0.08% of Fastenal worth $33,934,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. HB Wealth Management LLC boosted its position in shares of Fastenal by 1.2% during the fourth quarter. HB Wealth Management LLC now owns 11,674 shares of the company's stock worth $840,000 after buying an additional 142 shares during the period. Cozad Asset Management Inc. boosted its position in Fastenal by 5.5% during the 4th quarter. Cozad Asset Management Inc. now owns 2,985 shares of the company's stock worth $215,000 after acquiring an additional 155 shares during the period. Checchi Capital Advisers LLC grew its stake in shares of Fastenal by 2.4% in the fourth quarter. Checchi Capital Advisers LLC now owns 7,008 shares of the company's stock worth $504,000 after purchasing an additional 164 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Fastenal by 8.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,038 shares of the company's stock valued at $147,000 after purchasing an additional 166 shares during the period. Finally, Resonant Capital Advisors LLC increased its holdings in shares of Fastenal by 1.3% during the fourth quarter. Resonant Capital Advisors LLC now owns 14,270 shares of the company's stock valued at $1,026,000 after purchasing an additional 177 shares during the period. Institutional investors own 81.38% of the company's stock.

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Fastenal Trading Up 1.8 %

Shares of FAST stock traded up $1.38 during trading hours on Monday, reaching $77.55. 4,356,166 shares of the stock traded hands, compared to its average volume of 3,064,845. Fastenal has a 1-year low of $61.36 and a 1-year high of $84.88. The company has a quick ratio of 2.28, a current ratio of 4.67 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $44.47 billion, a PE ratio of 38.58, a PEG ratio of 3.58 and a beta of 1.05. The business has a fifty day moving average price of $75.35 and a 200 day moving average price of $75.98.

Fastenal (NASDAQ:FAST - Get Free Report) last issued 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). The business had revenue of $1.82 billion during 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 quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the business earned $0.46 EPS. On average, equities research analysts forecast that Fastenal will post 2.15 EPS for the current year.

Fastenal Increases Dividend

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on FAST shares. Stifel Nicolaus decreased their target price on shares of Fastenal from $86.00 to $82.00 and set a "hold" rating for the company in a research report on Tuesday, January 21st. William Blair upgraded shares of Fastenal from a "market perform" rating to an "outperform" rating in a report on Monday, March 10th. Jefferies Financial Group boosted their target price on Fastenal from $74.00 to $85.00 and gave the stock a "hold" rating in a report on Friday, December 6th. HSBC lowered Fastenal from a "hold" rating to a "reduce" rating and set a $70.00 price target for the company. in a research note on Wednesday, December 11th. Finally, Wolfe Research boosted their price objective on Fastenal from $74.00 to $76.00 and gave the stock an "underweight" rating in a research note on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $76.91.

About Fastenal

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.