Capital Investment Services of America Inc. lessened its position in Fastenal (NASDAQ:FAST) by 0.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 210,804 shares of the company’s stock after selling 1,905 shares during the quarter. Fastenal accounts for approximately 1.8% of Capital Investment Services of America Inc.’s portfolio, making the stock its 26th biggest position. Capital Investment Services of America Inc.’s holdings in Fastenal were worth $11,529,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of FAST. Federated Investors Inc. PA increased its holdings in Fastenal by 247.4% during the 2nd quarter. Federated Investors Inc. PA now owns 7,053 shares of the company’s stock worth $307,000 after purchasing an additional 5,023 shares during the period. Oppenheimer & Co. Inc. increased its holdings in Fastenal by 32.5% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 12,189 shares of the company’s stock worth $531,000 after purchasing an additional 2,989 shares during the period. JPMorgan Chase & Co. increased its holdings in Fastenal by 280.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 245,340 shares of the company’s stock worth $10,681,000 after purchasing an additional 180,836 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Fastenal by 13.8% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,415 shares of the company’s stock worth $1,063,000 after purchasing an additional 2,958 shares during the period. Finally, Schroder Investment Management Group increased its holdings in Fastenal by 43.4% during the 2nd quarter. Schroder Investment Management Group now owns 125,739 shares of the company’s stock worth $5,348,000 after purchasing an additional 38,083 shares during the period. Hedge funds and other institutional investors own 84.54% of the company’s stock.

Several brokerages have weighed in on FAST. Zacks Investment Research upgraded Fastenal from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a report on Thursday, January 4th. Credit Suisse Group restated an “outperform” rating and set a $61.00 price target (up previously from $52.00) on shares of Fastenal in a report on Tuesday. Morgan Stanley restated an “equal weight” rating and set a $46.00 price target (up previously from $44.00) on shares of Fastenal in a report on Monday, October 2nd. Stephens set a $54.00 price target on Fastenal and gave the stock a “buy” rating in a report on Wednesday, October 11th. Finally, BMO Capital Markets restated a “market perform” rating and set a $51.00 price target (up previously from $46.00) on shares of Fastenal in a report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $52.60.

Fastenal (NASDAQ FAST) traded down $0.07 on Tuesday, hitting $55.40. The stock had a trading volume of 1,270,000 shares, compared to its average volume of 2,180,000. Fastenal has a fifty-two week low of $39.79 and a fifty-two week high of $55.92. The stock has a market cap of $15,920.00, a P/E ratio of 29.63, a P/E/G ratio of 1.84 and a beta of 1.09. The company has a current ratio of 5.36, a quick ratio of 2.45 and a debt-to-equity ratio of 0.21.

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

In related news, insider Leland J. Hein sold 10,000 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $47.14, for a total value of $471,400.00. Following the completion of the sale, the insider now directly owns 21,290 shares of the company’s stock, valued at approximately $1,003,610.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 disclosure for this sale can be found here. Over the last three months, insiders sold 82,746 shares of company stock valued at $4,020,619. Insiders own 0.55% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2018/01/09/fastenal-fast-shares-sold-by-capital-investment-services-of-america-inc.html.

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.

Want to see what other hedge funds are holding FAST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fastenal (NASDAQ:FAST).

Institutional Ownership by Quarter for Fastenal (NASDAQ:FAST)

Receive News & Stock Ratings for Fastenal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fastenal and related stocks with our FREE daily email newsletter.