Versor Investments LP Purchases Shares of 12,900 Fastenal (NASDAQ:FAST)

Versor Investments LP bought a new stake in shares of Fastenal (NASDAQ:FAST - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 12,900 shares of the company's stock, valued at approximately $921,000.

Several other institutional investors and hedge funds also recently modified their holdings of FAST. Atomi Financial Group Inc. purchased a new stake in Fastenal in the 1st quarter worth approximately $223,000. Russell Investments Group Ltd. lifted its holdings in shares of Fastenal by 7.7% during the 1st quarter. Russell Investments Group Ltd. now owns 501,891 shares of the company's stock worth $38,733,000 after acquiring an additional 35,708 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Fastenal by 0.4% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 125,622 shares of the company's stock worth $9,690,000 after purchasing an additional 490 shares during the last quarter. Bleakley Financial Group LLC grew its stake in shares of Fastenal by 2.0% during the 1st quarter. Bleakley Financial Group LLC now owns 8,173 shares of the company's stock valued at $630,000 after buying an additional 159 shares during the period. Finally, Cozad Asset Management Inc. purchased a new position in shares of Fastenal in the 1st quarter worth $226,000. Hedge funds and other institutional investors own 81.38% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FAST. Morgan Stanley boosted their price target on Fastenal from $72.00 to $76.00 and gave the company an "equal weight" rating in a research report on Monday, October 14th. Stephens raised their price target on shares of Fastenal from $56.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, October 14th. Robert W. Baird increased their price objective on shares of Fastenal from $67.00 to $80.00 and gave the stock a "neutral" rating in a research report on Monday, October 14th. JPMorgan Chase & Co. lifted their target price on shares of Fastenal from $57.00 to $63.00 and gave the company a "neutral" rating in a report on Thursday, October 10th. Finally, Stifel Nicolaus reiterated a "buy" rating and issued a $86.00 price target (up from $80.00) on shares of Fastenal in a report on Monday, October 14th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Fastenal currently has a consensus rating of "Hold" and an average target price of $74.80.

Insider Buying and Selling

In other news, CAO Sheryl Ann Lisowski sold 13,567 shares of the business's stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $76.19, for a total transaction of $1,033,669.73. Following the completion of the transaction, the chief accounting officer now directly owns 5,096 shares in the company, valued at approximately $388,264.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Fastenal news, CEO Daniel L. Florness sold 31,818 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $84.50, for a total value of $2,688,621.00. Following the completion of the sale, the chief executive officer now directly owns 286,018 shares in the company, valued at $24,168,521. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Sheryl Ann Lisowski sold 13,567 shares of Fastenal stock in a transaction on Monday, October 14th. The shares were sold at an average price of $76.19, for a total value of $1,033,669.73. Following the transaction, the chief accounting officer now owns 5,096 shares in the company, valued at approximately $388,264.24. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 222,079 shares of company stock worth $16,563,600 in the last three months. 0.41% of the stock is owned by insiders.

Fastenal Stock Up 0.1 %

FAST traded up $0.12 on Wednesday, reaching $83.62. The company's stock had a trading volume of 2,336,906 shares, compared to its average volume of 3,320,024. Fastenal has a 1 year low of $59.47 and a 1 year high of $84.88. The business's 50 day moving average is $73.94 and its 200 day moving average is $68.93. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.40 and a quick ratio of 2.29. The stock has a market cap of $47.91 billion, a price-to-earnings ratio of 41.60, a price-to-earnings-growth ratio of 4.89 and a beta of 0.99.

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

Fastenal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.56 dividend on an annualized basis and a yield of 1.87%. Fastenal's payout ratio is currently 77.61%.

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.