Unio Capital LLC raised its position in Fastenal (NASDAQ:FAST) by 12.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 108,125 shares of the company’s stock after buying an additional 11,715 shares during the quarter. Fastenal makes up approximately 4.9% of Unio Capital LLC’s portfolio, making the stock its 8th biggest position. Unio Capital LLC’s holdings in Fastenal were worth $5,903,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Squar Milner Financial Services LLC purchased a new stake in Fastenal in the fourth quarter valued at approximately $202,000. Norinchukin Bank The raised its stake in shares of Fastenal by 6.9% during the fourth quarter. Norinchukin Bank The now owns 23,968 shares of the company’s stock worth $1,311,000 after purchasing an additional 1,543 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of Fastenal by 60.3% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 14,361 shares of the company’s stock worth $785,000 after purchasing an additional 5,400 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of Fastenal by 13.3% during the fourth quarter. Toronto Dominion Bank now owns 123,830 shares of the company’s stock worth $6,772,000 after purchasing an additional 14,539 shares during the last quarter. Finally, Ascend Capital LLC purchased a new stake in shares of Fastenal during the fourth quarter worth approximately $9,319,000. Institutional investors own 85.57% of the company’s stock.
Shares of Fastenal opened at $48.13 on Friday, Marketbeat.com reports. Fastenal has a 1-year low of $39.79 and a 1-year high of $58.74. The firm has a market cap of $14.02 billion, a P/E ratio of 24.94, a price-to-earnings-growth ratio of 1.39 and a beta of 1.01. The company has a current ratio of 5.11, a quick ratio of 2.30 and a debt-to-equity ratio of 0.18.
Fastenal (NASDAQ:FAST) last announced its quarterly earnings data on Wednesday, April 11th. The company reported $0.61 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.61. Fastenal had a return on equity of 28.69% and a net margin of 13.66%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the company posted $0.46 earnings per share. Fastenal’s quarterly revenue was up 13.2% on a year-over-year basis. equities analysts predict that Fastenal will post 2.51 EPS for the current fiscal year.
Several equities research analysts have recently commented on the company. BidaskClub cut Fastenal from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 13th. Stifel Nicolaus upped their price target on Fastenal from $54.00 to $55.00 and gave the stock a “hold” rating in a research note on Tuesday, April 3rd. Zacks Investment Research cut Fastenal from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Stephens restated a “buy” rating and set a $60.00 price target on shares of Fastenal in a research note on Wednesday, April 11th. Finally, Wells Fargo & Co set a $49.00 price target on Fastenal and gave the stock a “hold” rating in a research note on Thursday, April 12th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $54.67.
In other Fastenal news, insider James C. Jansen sold 29,758 shares of the company’s stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $52.51, for a total value of $1,562,592.58. Following the sale, the insider now owns 22,588 shares of the company’s stock, valued at $1,186,095.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Holden Lewis bought 1,000 shares of the stock in a transaction on Monday, April 30th. The stock was purchased at an average cost of $50.28 per share, for a total transaction of $50,280.00. Following the acquisition, the chief financial officer now directly owns 3,000 shares of the company’s stock, valued at approximately $150,840. The disclosure for this purchase can be found here. Insiders have purchased 4,155 shares of company stock worth $211,378 in the last ninety days. 0.56% of the stock is currently owned by corporate insiders.
Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally. It offers fasteners, and other industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, such as bolts, nuts, screws, studs, and related washers, which are used in manufactured products and construction projects, as well as in the maintenance and repair of machines.
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