Fastenal (NASDAQ:FAST) Shares Purchased by Amundi

Amundi grew its stake in Fastenal (NASDAQ:FAST - Free Report) by 17.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,931,502 shares of the company's stock after purchasing an additional 288,964 shares during the quarter. Amundi owned approximately 0.34% of Fastenal worth $140,480,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of FAST. CWA Asset Management Group LLC acquired a new stake in shares of Fastenal in the 3rd quarter valued at about $988,000. Verdence Capital Advisors LLC grew its position in shares of Fastenal by 1.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 7,628 shares of the company's stock valued at $545,000 after buying an additional 142 shares during the last quarter. Assetmark Inc. grew its position in shares of Fastenal by 20.4% during the 3rd quarter. Assetmark Inc. now owns 4,307 shares of the company's stock valued at $308,000 after buying an additional 731 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Fastenal during the 3rd quarter valued at about $25,000. Finally, Jaffetilchin Investment Partners LLC bought a new stake in shares of Fastenal during the 3rd quarter valued at about $655,000. Institutional investors and hedge funds own 81.38% of the company's stock.

Fastenal Price Performance

Shares of NASDAQ FAST traded up $1.57 during mid-day trading on Friday, reaching $75.26. 4,083,686 shares of the company traded hands, compared to its average volume of 2,951,885. Fastenal has a fifty-two week low of $61.36 and a fifty-two week high of $84.88. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.67 and a quick ratio of 2.28. The firm has a market cap of $43.16 billion, a PE ratio of 37.44, a price-to-earnings-growth ratio of 3.58 and a beta of 1.05. The stock has a fifty day simple moving average of $74.67 and a 200-day simple moving average of $75.19.

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Fastenal (NASDAQ:FAST - Get Free Report) last posted its quarterly earnings data on Friday, January 17th. The company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.02). The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.84 billion. Fastenal had a net margin of 15.25% and a return on equity of 32.55%. Fastenal's revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 EPS. Equities research analysts anticipate that Fastenal will post 2.15 EPS for the current fiscal year.

Fastenal Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, January 31st were given a $0.43 dividend. This is a positive change from Fastenal's previous quarterly dividend of $0.39. The ex-dividend date was Friday, January 31st. This represents a $1.72 annualized dividend and a yield of 2.29%. Fastenal's payout ratio is 85.57%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FAST shares. William Blair raised shares of Fastenal from a "market perform" rating to an "outperform" rating in a research report on Monday. 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. Jefferies Financial Group lifted their price target on Fastenal from $74.00 to $85.00 and gave the company a "hold" rating in a report on Friday, December 6th. Stifel Nicolaus cut their price target on Fastenal from $86.00 to $82.00 and set a "hold" rating on the stock in a report on Tuesday, January 21st. Finally, Wolfe Research lifted 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $76.91.

Fastenal 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.