Nomura Holdings Inc. Sells 82,883 Shares of Fastenal Co. (FAST)
Nomura Holdings Inc. decreased its stake in Fastenal Co. (NASDAQ:FAST) by 94.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,900 shares of the company’s stock after selling 82,883 shares during the period. Nomura Holdings Inc.’s holdings in Fastenal were worth $217,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Cantab Capital Partners LLP acquired a new stake in shares of Fastenal during the second quarter valued at $119,000. American Research & Management Co. raised its stake in shares of Fastenal by 191.5% in the second quarter. American Research & Management Co. now owns 2,740 shares of the company’s stock valued at $122,000 after buying an additional 1,800 shares during the period. Washington Trust Bank raised its stake in shares of Fastenal by 2.3% in the second quarter. Washington Trust Bank now owns 2,762 shares of the company’s stock valued at $123,000 after buying an additional 62 shares during the period. Van ECK Associates Corp raised its stake in shares of Fastenal by 32.0% in the second quarter. Van ECK Associates Corp now owns 3,131 shares of the company’s stock valued at $139,000 after buying an additional 759 shares during the period. Finally, FineMark National Bank & Trust raised its stake in shares of Fastenal by 0.6% in the second quarter. FineMark National Bank & Trust now owns 3,420 shares of the company’s stock valued at $152,000 after buying an additional 20 shares during the period. 82.12% of the stock is currently owned by institutional investors and hedge funds.
Shares of Fastenal Co. (NASDAQ:FAST) opened at 41.78 on Friday. Fastenal Co. has a 1-year low of $35.10 and a 1-year high of $49.99. The company has a 50 day moving average price of $42.13 and a 200-day moving average price of $44.51. The stock has a market capitalization of $12.07 billion, a P/E ratio of 23.87 and a beta of 0.90.
Fastenal (NASDAQ:FAST) last released its earnings results on Tuesday, July 12th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by $0.03. Fastenal had a return on equity of 27.83% and a net margin of 12.91%. The firm had revenue of $1.01 billion for the quarter. During the same quarter in the previous year, the company posted $0.48 earnings per share. The firm’s revenue was up 1.7% compared to the same quarter last year. On average, equities research analysts forecast that Fastenal Co. will post $1.74 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Fastenal from a “sell” rating to a “hold” rating in a research report on Tuesday, September 13th. Morgan Stanley started coverage on Fastenal in a research report on Thursday, July 7th. They set an “equal weight” rating and a $46.00 price target on the stock. BMO Capital Markets reaffirmed a “market perform” rating and set a $47.00 price target on shares of Fastenal in a research report on Wednesday, July 13th. Macquarie started coverage on Fastenal in a research report on Thursday, August 25th. They set a “neutral” rating and a $50.00 price target on the stock. Finally, Wells Fargo & Co. reaffirmed a “hold” rating on shares of Fastenal in a research report on Sunday, September 4th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the stock. Fastenal currently has a consensus rating of “Hold” and an average target price of $47.44.
Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. The Company distributes these supplies through a network of approximately 2,600 Company-owned stores. The Company sells industrial and construction supplies to end users (business-to-business), and also has a walk-in retail business.
Want to see what other hedge funds are holding FAST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fastenal Co. (NASDAQ:FAST).
Receive News & Ratings for Fastenal Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fastenal Co. and related companies with MarketBeat.com's FREE daily email newsletter.