DJE Kapital AG Sells 56,694 Shares of Fastenal Company $FAST

DJE Kapital AG reduced its holdings in shares of Fastenal Company (NASDAQ:FAST) by 14.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 341,800 shares of the company’s stock after selling 56,694 shares during the quarter. DJE Kapital AG’s holdings in Fastenal were worth $14,016,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Aviva PLC grew its stake in shares of Fastenal by 5.6% during the 4th quarter. Aviva PLC now owns 973,891 shares of the company’s stock worth $39,082,000 after acquiring an additional 52,011 shares in the last quarter. Logan Capital Management Inc. grew its stake in shares of Fastenal by 4.4% in the fourth quarter. Logan Capital Management Inc. now owns 520,459 shares of the company’s stock valued at $20,886,000 after buying an additional 21,769 shares in the last quarter. Great Valley Advisor Group Inc. grew its stake in shares of Fastenal by 0.4% in the fourth quarter. Great Valley Advisor Group Inc. now owns 76,253 shares of the company’s stock valued at $3,060,000 after buying an additional 266 shares in the last quarter. ICICI Prudential Asset Management Co Ltd grew its stake in shares of Fastenal by 4.5% in the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 18,424 shares of the company’s stock valued at $739,000 after buying an additional 800 shares in the last quarter. Finally, Sepio Capital LP grew its stake in shares of Fastenal by 2.0% in the fourth quarter. Sepio Capital LP now owns 64,638 shares of the company’s stock valued at $2,594,000 after buying an additional 1,295 shares in the last quarter. 81.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on FAST. Weiss Ratings reissued a “buy (b-)” rating on shares of Fastenal in a research note on Friday, March 27th. Robert W. Baird decreased their target price on shares of Fastenal from $52.00 to $50.00 and set an “outperform” rating for the company in a research note on Tuesday, April 14th. Benchmark reissued a “buy” rating on shares of Fastenal in a research note on Thursday, March 5th. Morgan Stanley reissued a “positive” rating and issued a $45.00 target price on shares of Fastenal in a research note on Thursday, March 5th. Finally, JPMorgan Chase & Co. raised their target price on shares of Fastenal from $46.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $49.85.

Fastenal Trading Up 0.8%

Shares of Fastenal stock opened at $46.39 on Friday. The business has a fifty day simple moving average of $45.15 and a two-hundred day simple moving average of $44.22. 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 $53.26 billion, a price-to-earnings ratio of 40.69, a P/E/G ratio of 2.92 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 Dividend Announcement

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%.

Fastenal Company 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.