Fastenal Company $FAST Shares Purchased by Hantz Financial Services Inc.

Hantz Financial Services Inc. increased its stake in shares of Fastenal Company (NASDAQ:FAST) by 237,454.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 173,415 shares of the company’s stock after acquiring an additional 173,342 shares during the period. Hantz Financial Services Inc.’s holdings in Fastenal were worth $7,283,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Envestnet Asset Management Inc. boosted its stake in shares of Fastenal by 103.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 9,734,500 shares of the company’s stock worth $408,849,000 after acquiring an additional 4,950,503 shares in the last quarter. Cantillon Capital Management LLC boosted its stake in shares of Fastenal by 94.4% during the 2nd quarter. Cantillon Capital Management LLC now owns 9,298,033 shares of the company’s stock worth $390,517,000 after acquiring an additional 4,513,985 shares in the last quarter. Blair William & Co. IL boosted its stake in shares of Fastenal by 107.2% during the 2nd quarter. Blair William & Co. IL now owns 6,822,973 shares of the company’s stock worth $286,565,000 after acquiring an additional 3,530,339 shares in the last quarter. TD Asset Management Inc boosted its stake in shares of Fastenal by 90.0% during the 2nd quarter. TD Asset Management Inc now owns 4,934,558 shares of the company’s stock worth $207,251,000 after acquiring an additional 2,337,187 shares in the last quarter. Finally, Fenimore Asset Management Inc boosted its stake in shares of Fastenal by 101.0% during the 2nd quarter. Fenimore Asset Management Inc now owns 3,747,704 shares of the company’s stock worth $157,404,000 after acquiring an additional 1,883,419 shares in the last quarter. 81.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Hsenghung Sam Hsu purchased 1,000 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The stock was purchased at an average price of $42.45 per share, with a total value of $42,450.00. Following the completion of the acquisition, the director owned 9,000 shares in the company, valued at $382,050. This trade represents a 12.50% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John Lewis Soderberg sold 34,612 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $48.03, for a total value of $1,662,414.36. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 90,178 shares of company stock worth $4,336,603 in the last three months. Company insiders own 0.37% of the company’s stock.

Fastenal Stock Performance

Shares of NASDAQ:FAST opened at $41.55 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.26 and a quick ratio of 2.19. The business’s 50 day moving average price is $46.65 and its 200-day moving average price is $44.33. The firm has a market capitalization of $47.70 billion, a PE ratio of 38.83, a P/E/G ratio of 3.75 and a beta of 0.94. Fastenal Company has a 1 year low of $35.31 and a 1 year high of $50.63.

Fastenal (NASDAQ:FAST) last issued its quarterly earnings results on Monday, October 13th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Fastenal had a return on equity of 32.69% and a net margin of 15.34%.The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same period in the prior year, the firm earned $0.26 earnings per share. The business’s revenue was up 11.7% on a year-over-year basis. As a group, equities research analysts expect that Fastenal Company will post 2.15 earnings per share for the current fiscal year.

Fastenal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Tuesday, October 28th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, October 28th. Fastenal’s dividend payout ratio (DPR) is currently 82.24%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on FAST shares. Robert W. Baird lowered their target price on shares of Fastenal from $53.00 to $49.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 14th. Barclays set a $45.00 target price on shares of Fastenal and gave the stock an “equal weight” rating in a research note on Tuesday, October 14th. Morgan Stanley set a $40.00 target price on shares of Fastenal and gave the stock an “equal weight” rating in a research note on Thursday, July 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Fastenal in a research note on Wednesday, October 8th. Finally, Wolfe Research reaffirmed a “positive” rating on shares of Fastenal in a research note on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $46.50.

About Fastenal

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.