Picton Mahoney Asset Management Has $12.14 Million Stock Holdings in Fastenal (NASDAQ:FAST)

Picton Mahoney Asset Management lessened its holdings in shares of Fastenal (NASDAQ:FAST - Free Report) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,761 shares of the company's stock after selling 9,289 shares during the period. Picton Mahoney Asset Management's holdings in Fastenal were worth $12,135,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. King Luther Capital Management Corp lifted its holdings in shares of Fastenal by 1.6% during the 3rd quarter. King Luther Capital Management Corp now owns 8,664 shares of the company's stock valued at $619,000 after purchasing an additional 136 shares in the last quarter. HB Wealth Management LLC lifted its holdings in shares of Fastenal by 1.2% during the 4th quarter. HB Wealth Management LLC now owns 11,674 shares of the company's stock valued at $840,000 after purchasing an additional 142 shares in the last quarter. Checchi Capital Advisers LLC lifted its holdings in shares of Fastenal by 2.4% during the 4th quarter. Checchi Capital Advisers LLC now owns 7,008 shares of the company's stock valued at $504,000 after purchasing an additional 164 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Fastenal by 8.9% during the 4th 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 in the last quarter. Finally, Resonant Capital Advisors LLC lifted its holdings in shares of Fastenal by 1.3% during the 4th 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 in the last quarter. Institutional investors own 81.38% of the company's stock.

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Fastenal Stock Up 1.1 %

Shares of Fastenal stock traded up $0.82 on Monday, reaching $76.08. 1,179,012 shares of the company were exchanged, compared to its average volume of 2,913,953. Fastenal has a one year low of $61.36 and a one year high of $84.88. The company has a market capitalization of $43.63 billion, a price-to-earnings ratio of 37.87, a PEG ratio of 3.58 and a beta of 1.05. The company has a current ratio of 4.67, a quick ratio of 2.28 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average of $74.74 and a 200 day moving average of $75.35.

Fastenal (NASDAQ:FAST - Get Free Report) last announced its quarterly earnings data 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 return on equity of 32.55% and a net margin of 15.25%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the company earned $0.46 EPS. The company's revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities research analysts forecast that Fastenal will post 2.15 earnings per share for the current year.

Fastenal Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors 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 2.26%. The ex-dividend date was Friday, January 31st. This is a boost from Fastenal's previous quarterly dividend of $0.39. Fastenal's dividend payout ratio is 85.57%.

Analyst Ratings Changes

A number of brokerages recently issued reports on FAST. Jefferies Financial Group lifted their target price on Fastenal from $74.00 to $85.00 and gave the company a "hold" rating in a research report on Friday, December 6th. Stifel Nicolaus dropped their target price on Fastenal from $86.00 to $82.00 and set a "hold" rating on the stock in a research report on Tuesday, January 21st. Wolfe Research lifted their target price on Fastenal from $74.00 to $76.00 and gave the company an "underweight" rating in a research report on Thursday, January 16th. Hsbc Global Res lowered Fastenal from a "hold" rating to a "moderate sell" rating in a research report on Wednesday, December 11th. Finally, William Blair raised Fastenal from a "market perform" rating to an "outperform" rating in a research report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Fastenal presently has a consensus rating of "Hold" and an average 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.