Vise Technologies Inc. Has $1.32 Million Stock Position in Fastenal Company $FAST

Vise Technologies Inc. grew its position in shares of Fastenal Company (NASDAQ:FAST) by 50.6% in the fourth quarter, HoldingsChannel reports. The fund owned 32,785 shares of the company’s stock after acquiring an additional 11,020 shares during the period. Vise Technologies Inc.’s holdings in Fastenal were worth $1,316,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of FAST. Norges Bank acquired a new stake in shares of Fastenal in the 4th quarter valued at approximately $646,046,000. Bank of America Corp DE boosted its holdings in shares of Fastenal by 106.1% in the 2nd quarter. Bank of America Corp DE now owns 15,431,393 shares of the company’s stock valued at $648,118,000 after buying an additional 7,943,217 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Fastenal by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 151,515,539 shares of the company’s stock valued at $7,430,322,000 after buying an additional 2,346,045 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Fastenal by 14.0% in the 3rd quarter. Invesco Ltd. now owns 18,215,875 shares of the company’s stock valued at $893,307,000 after buying an additional 2,242,116 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Fastenal by 1,039.6% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,337,722 shares of the company’s stock valued at $94,253,000 after buying an additional 2,132,593 shares during the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Fastenal Trading Down 1.7%

Shares of Fastenal stock opened at $46.00 on Tuesday. The business has a fifty day simple moving average of $45.10 and a two-hundred day simple moving average of $44.08. Fastenal Company has a 1 year low of $38.97 and a 1 year high of $50.63. The company has a market capitalization of $52.81 billion, a price-to-earnings ratio of 40.35, a P/E/G ratio of 2.97 and a beta of 0.73. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.39 and a quick ratio of 2.34.

Fastenal (NASDAQ:FAST) last announced its quarterly earnings results on Monday, April 13th. The company reported $0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.30. Fastenal had a return on equity of 33.25% and a net margin of 15.39%.The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter last year, the firm posted $0.52 EPS. The company’s quarterly revenue was up 12.4% on a year-over-year basis. Research analysts forecast that Fastenal Company will post 1.24 EPS for the current year.

Fastenal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, April 28th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, April 28th. This represents a $0.96 annualized dividend and a yield of 2.1%. Fastenal’s dividend payout ratio (DPR) is currently 84.21%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Benchmark reissued a “buy” rating on shares of Fastenal in a report on Thursday, March 5th. Morgan Stanley reissued a “positive” rating and issued a $45.00 price objective on shares of Fastenal in a report on Thursday, March 5th. Jefferies Financial Group reissued a “buy” rating on shares of Fastenal in a report on Thursday. JPMorgan Chase & Co. increased their price objective on Fastenal from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. Finally, Raymond James Financial set a $48.00 price objective on Fastenal in a report on Thursday, March 5th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $49.85.

Fastenal Profile

Fastenal (NASDAQ: FAST) is a wholesale distributor of industrial and construction supplies, best known for its broad assortment of fasteners such as bolts, nuts, screws and anchors. Founded in Winona, Minnesota, Fastenal has grown from a regional supplier into a national and international distributor serving a wide range of end markets, including manufacturing, construction, maintenance, repair and operations (MRO), and government customers. The company is publicly traded and operates through a network of locally staffed branches combined with national distribution capabilities.

Product offerings extend beyond fasteners to include tools, safety and personal protective equipment, power transmission components, cutting and welding supplies, janitorial and material handling items, and other industrial consumables.