Matrix Trust Co Invests $1.76 Million in Fastenal (NASDAQ:FAST)

Matrix Trust Co purchased a new position in Fastenal (NASDAQ:FAST - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 24,426 shares of the company's stock, valued at approximately $1,756,000.

Other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new position in Fastenal during the 3rd quarter valued at about $25,000. Knuff & Co LLC acquired a new stake in shares of Fastenal during the 3rd quarter valued at about $27,000. Moisand Fitzgerald Tamayo LLC lifted its holdings in shares of Fastenal by 1,019.0% during the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 470 shares of the company's stock valued at $34,000 after buying an additional 428 shares during the last quarter. First Personal Financial Services acquired a new stake in shares of Fastenal during the 3rd quarter valued at about $36,000. Finally, CVA Family Office LLC lifted its holdings in shares of Fastenal by 51.0% during the 3rd quarter. CVA Family Office LLC now owns 533 shares of the company's stock valued at $38,000 after buying an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 81.38% of the company's stock.

Fastenal Stock Performance

Shares of FAST traded up $0.54 on Monday, reaching $72.17. 360,267 shares of the stock traded hands, compared to its average volume of 2,149,202. The firm has a market cap of $41.35 billion, a price-to-earnings ratio of 35.91, a P/E/G ratio of 4.64 and a beta of 1.02. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.40 and a quick ratio of 2.29. Fastenal has a 12 month low of $61.36 and a 12 month high of $84.88. The stock's 50-day moving average price is $78.60 and its 200-day moving average price is $72.66.

Fastenal (NASDAQ:FAST - Get Free Report) last released its quarterly earnings data on Friday, October 11th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.01. The business had revenue of $1.91 billion for the quarter, compared to analysts' expectations of $1.90 billion. Fastenal had a return on equity of 33.30% and a net margin of 15.44%. Fastenal's quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 earnings per share. Equities analysts forecast that Fastenal will post 2.03 EPS for the current fiscal year.

Analysts Set New Price Targets

FAST has been the subject of several research reports. Morgan Stanley lifted their price target on Fastenal from $72.00 to $76.00 and gave the company an "equal weight" rating in a report on Monday, October 14th. Stifel Nicolaus lowered Fastenal from a "buy" rating to a "hold" rating and set a $86.00 target price for the company. in a report on Wednesday, December 11th. Hsbc Global Res lowered Fastenal from a "hold" rating to a "moderate sell" rating in a report on Wednesday, December 11th. Bank of America started coverage on Fastenal in a report on Monday, October 7th. They issued a "buy" rating and a $85.00 target price for the company. Finally, HSBC lowered Fastenal from a "hold" rating to a "reduce" rating and set a $70.00 target price for the company. in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $77.40.

Insider Buying and Selling at Fastenal

In other Fastenal news, EVP Anthony Paul Broersma sold 680 shares of the company's stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $77.86, for a total value of $52,944.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Charles S. Miller sold 23,480 shares of the company's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $83.92, for a total value of $1,970,441.60. The disclosure for this sale can be found here. Insiders have sold 114,234 shares of company stock worth $9,272,924 over the last three months. Company insiders own 0.41% of the company's stock.

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.