Kampmann Melissa S. Decreases Holdings in Fastenal (NASDAQ:FAST)

Kampmann Melissa S. reduced its stake in Fastenal (NASDAQ:FAST - Free Report) by 8.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 45,995 shares of the company's stock after selling 4,235 shares during the quarter. Fastenal makes up 2.6% of Kampmann Melissa S.'s investment portfolio, making the stock its 18th largest holding. Kampmann Melissa S.'s holdings in Fastenal were worth $3,308,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. OFI Invest Asset Management purchased a new stake in shares of Fastenal during the 4th quarter valued at $46,000. Whipplewood Advisors LLC bought a new position in Fastenal during the fourth quarter valued at about $49,000. SBI Securities Co. Ltd. purchased a new stake in Fastenal during the fourth quarter worth about $49,000. R Squared Ltd bought a new stake in Fastenal in the fourth quarter worth about $68,000. Finally, Eastern Bank boosted its stake in Fastenal by 440.7% in the fourth quarter. Eastern Bank now owns 984 shares of the company's stock valued at $71,000 after acquiring an additional 802 shares during the last quarter. 81.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on FAST. Stifel Nicolaus decreased their price target on shares of Fastenal from $86.00 to $82.00 and set a "hold" rating for the company in a research note on Tuesday, January 21st. Jefferies Financial Group upped their price objective on shares of Fastenal from $74.00 to $85.00 and gave the company a "hold" rating in a report on Friday, December 6th. HSBC downgraded shares of Fastenal from a "hold" rating to a "reduce" rating and set a $70.00 target price for the company. in a research note on Wednesday, December 11th. William Blair raised shares of Fastenal from a "market perform" rating to an "outperform" rating in a report on Monday, March 10th. Finally, Wolfe Research lifted their price objective on shares of Fastenal from $74.00 to $76.00 and gave the company 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 given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $76.91.

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Fastenal Price Performance

Shares of FAST stock traded up $2.21 on Monday, reaching $76.94. The company's stock had a trading volume of 2,856,166 shares, compared to its average volume of 2,925,983. Fastenal has a 12-month low of $61.36 and a 12-month high of $84.88. The stock's 50 day simple moving average is $75.08 and its 200-day simple moving average is $75.65. 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 company has a market capitalization of $44.12 billion, a P/E ratio of 38.28, a PEG ratio of 3.58 and a beta of 1.05.

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

Fastenal Increases Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend was Friday, January 31st. This is a boost from Fastenal's previous quarterly dividend of $0.39. Fastenal's payout ratio is currently 85.57%.

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.