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.

FAST has been the topic of several recent analyst reports. Zacks Investment Research raised Fastenal from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Friday, January 19th. Credit Suisse Group raised Fastenal to a “buy” rating and set a $61.00 target price on the stock in a report on Thursday, January 18th. Stephens increased their target price on Fastenal from $54.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Robert W. Baird reissued a “buy” rating on shares of Fastenal in a report on Wednesday, January 17th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $51.00 target price on shares of Fastenal in a report on Monday, December 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Fastenal currently has a consensus rating of “Buy” and an average target price of $53.29.

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%.

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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.

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Institutional Ownership by Quarter for Fastenal (NASDAQ:FAST)

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