Bp Plc Acquires Shares of 63,000 Fastenal (FAST)
Bp Plc acquired a new stake in Fastenal (NASDAQ:FAST) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 63,000 shares of the company’s stock, valued at approximately $3,445,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Exane Derivatives acquired a new stake in shares of Fastenal in the fourth quarter valued at $110,000. SeaCrest Wealth Management LLC purchased a new position in Fastenal in the fourth quarter valued at $115,000. Fuller & Thaler Asset Management Inc. purchased a new position in Fastenal in the third quarter valued at $114,000. Cable Hill Partners LLC purchased a new position in Fastenal in the third quarter valued at $126,000. Finally, Krilogy Financial LLC increased its holdings in Fastenal by 2.0% in the second quarter. Krilogy Financial LLC now owns 3,530 shares of the company’s stock valued at $154,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 84.40% of the company’s stock.
In other Fastenal news, insider Charles S. Miller sold 26,250 shares of the firm’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $56.50, for a total transaction of $1,483,125.00. Following the transaction, the insider now owns 26,250 shares of the company’s stock, valued at $1,483,125. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider James C. Jansen sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $48.50, for a total value of $485,000.00. Following the transaction, the insider now directly owns 22,588 shares in the company, valued at approximately $1,095,518. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 78,884 shares of company stock worth $4,059,512. Corporate insiders own 0.55% of the company’s stock.
Fastenal (NASDAQ FAST) opened at $53.48 on Friday. The stock has a market capitalization of $15,370.00, a PE ratio of 26.61, a price-to-earnings-growth ratio of 1.52 and a beta of 1.03. Fastenal has a twelve month low of $39.79 and a twelve month high of $57.81. The company has a current ratio of 5.51, a quick ratio of 2.40 and a debt-to-equity ratio of 0.20.
Fastenal (NASDAQ:FAST) last issued its quarterly earnings data on Wednesday, January 17th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. Fastenal had a return on equity of 27.39% and a net margin of 13.18%. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.40 earnings per share. sell-side analysts forecast that Fastenal will post 2.5 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Wednesday, January 31st will be issued a dividend of $0.37 per share. This is a positive change from Fastenal’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $1.48 annualized dividend and a dividend yield of 2.77%. Fastenal’s dividend payout ratio (DPR) is presently 73.63%.
TRADEMARK VIOLATION WARNING: This report was originally reported by Daily Political and is owned by of Daily Political. If you are accessing this report on another website, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The original version of this report can be viewed at https://www.dailypolitical.com/2018/02/10/bp-plc-acquires-shares-of-63000-fastenal-fast.html.
Fastenal Company Profile
Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. The Company is engaged in fastener distribution, and non-fastener maintenance and supply business. As of December 31, 2016, it distributed these supplies through a network of approximately 2,500 stores. Its customers are in the manufacturing and non-residential construction markets.
Want to see what other hedge funds are holding FAST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fastenal (NASDAQ:FAST).
Receive News & Ratings for Fastenal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fastenal and related companies with MarketBeat.com's FREE daily email newsletter.