Dudley & Shanley LLC Sells 10,000 Shares of Fastenal Co. (FAST)
Dudley & Shanley LLC lowered its position in shares of Fastenal Co. (NASDAQ:FAST) by 2.0% during the second quarter, Holdings Channel reports. The fund owned 496,025 shares of the company’s stock after selling 10,000 shares during the period. Fastenal comprises about 5.0% of Dudley & Shanley LLC’s investment portfolio, making the stock its 11th largest position. Dudley & Shanley LLC’s holdings in Fastenal were worth $22,019,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of FAST. Capital Fund Management S.A. acquired a new stake in shares of Fastenal during the second quarter worth about $17,477,000. Compass Capital Management Inc. boosted its stake in shares of Fastenal by 4.4% in the second quarter. Compass Capital Management Inc. now owns 446,778 shares of the company’s stock worth $19,832,000 after buying an additional 18,880 shares during the last quarter. Silvercrest Asset Management Group LLC acquired a new stake in shares of Fastenal during the first quarter worth about $249,000. HL Financial Services LLC boosted its stake in shares of Fastenal by 3.2% in the second quarter. HL Financial Services LLC now owns 1,683,802 shares of the company’s stock worth $74,744,000 after buying an additional 52,626 shares during the last quarter. Finally, Genesee Valley Trust Co. boosted its stake in shares of Fastenal by 2.2% in the second quarter. Genesee Valley Trust Co. now owns 27,567 shares of the company’s stock worth $1,224,000 after buying an additional 587 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.
Fastenal Co. (NASDAQ:FAST) traded down 0.23% during mid-day trading on Monday, reaching $38.25. 1,477,294 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $41.29 and its 200 day moving average price is $43.99. The firm has a market cap of $11.05 billion, a price-to-earnings ratio of 21.86 and a beta of 0.99. Fastenal Co. has a one year low of $35.10 and a one year high of $49.99.
Fastenal (NASDAQ:FAST) last issued its quarterly earnings results on Tuesday, October 11th. The company reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.01. The business had revenue of $1.01 billion for the quarter. Fastenal had a return on equity of 26.84% and a net margin of 12.61%. Fastenal’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.47 EPS. On average, equities analysts forecast that Fastenal Co. will post $1.74 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 22nd. Stockholders of record on Tuesday, October 25th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, October 21st. This represents a $1.20 annualized dividend and a dividend yield of 3.13%. Fastenal’s payout ratio is 69.77%.
A number of equities research analysts have issued reports on FAST shares. Zacks Investment Research raised shares of Fastenal from a “sell” rating to a “hold” rating in a report on Tuesday, September 13th. Morgan Stanley initiated coverage on shares of Fastenal in a report on Thursday, July 7th. They issued an “equal weight” rating and a $46.00 price target on the stock. Vetr cut shares of Fastenal from a “strong-buy” rating to a “hold” rating and set a $42.46 price target on the stock. in a report on Tuesday, September 6th. Macquarie initiated coverage on shares of Fastenal in a report on Thursday, August 25th. They issued a “neutral” rating and a $50.00 price target on the stock. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $47.00 price target on shares of Fastenal in a report on Wednesday, July 13th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $47.15.
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.