Bamco Inc. NY boosted its stake in shares of Fastenal (NASDAQ:FAST) by 28.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,348,221 shares of the company’s stock after acquiring an additional 298,910 shares during the period. Bamco Inc. NY owned about 0.47% of Fastenal worth $61,452,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of FAST. Nuance Investments LLC purchased a new stake in shares of Fastenal during the second quarter worth $3,048,000. Sawtooth Solutions LLC grew its holdings in shares of Fastenal by 15.4% during the second quarter. Sawtooth Solutions LLC now owns 24,473 shares of the company’s stock worth $1,065,000 after buying an additional 3,275 shares in the last quarter. Seven Eight Capital LP grew its holdings in shares of Fastenal by 67.2% during the second quarter. Seven Eight Capital LP now owns 9,700 shares of the company’s stock worth $422,000 after buying an additional 3,900 shares in the last quarter. Girard Partners LTD. grew its holdings in shares of Fastenal by 14.5% during the second quarter. Girard Partners LTD. now owns 11,674 shares of the company’s stock worth $508,000 after buying an additional 1,477 shares in the last quarter. Finally, Korea Investment CORP grew its holdings in shares of Fastenal by 62.5% during the third quarter. Korea Investment CORP now owns 76,983 shares of the company’s stock worth $3,509,000 after buying an additional 29,600 shares in the last quarter. Institutional investors own 84.67% of the company’s stock.

Shares of Fastenal (NASDAQ:FAST) opened at $53.82 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 5.36 and a quick ratio of 2.45. Fastenal has a 1-year low of $39.79 and a 1-year high of $55.35. The stock has a market cap of $15,430.00, a PE ratio of 28.61, a P/E/G ratio of 1.99 and a beta of 1.08.

Fastenal (NASDAQ:FAST) last announced its quarterly earnings data on Wednesday, October 11th. The company reported $0.50 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.50. Fastenal had a net margin of 12.73% and a return on equity of 27.28%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the firm posted $0.44 earnings per share. Fastenal’s quarterly revenue was up 11.8% on a year-over-year basis. research analysts expect that Fastenal will post 1.93 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, October 25th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend was Tuesday, October 24th. Fastenal’s dividend payout ratio is currently 68.09%.

In related news, insider Terry Modock Owen sold 30,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $48.02, for a total value of $1,440,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Leland J. Hein sold 10,000 shares of the company’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $48.74, for a total transaction of $487,400.00. Following the completion of the sale, the insider now directly owns 20,258 shares of the company’s stock, valued at approximately $987,374.92. The disclosure for this sale can be found here. Insiders sold 80,112 shares of company stock valued at $3,879,832 in the last three months. 0.55% of the stock is currently owned by insiders.

A number of equities research analysts have recently issued reports on FAST shares. KeyCorp reaffirmed a “buy” rating and set a $52.00 target price on shares of Fastenal in a report on Thursday, October 12th. Stephens set a $54.00 target price on shares of Fastenal and gave the stock a “buy” rating in a report on Wednesday, October 11th. Morgan Stanley reaffirmed an “equal weight” rating and set a $46.00 target price (up previously from $44.00) on shares of Fastenal in a report on Monday, October 2nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $46.00 target price on shares of Fastenal in a report on Tuesday, August 22nd. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $46.00 target price on shares of Fastenal in a report on Monday, August 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $51.13.

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About Fastenal

Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. The Company is engaged in fastener distribution, and non-fastener maintenance and supply business. As of December 31, 2016, it distributed these supplies through a network of approximately 2,500 stores. Its customers are in the manufacturing and non-residential construction markets.

Institutional Ownership by Quarter for Fastenal (NASDAQ:FAST)

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