ETRADE Capital Management LLC bought a new position in shares of Fastenal (NASDAQ:FAST) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,685 shares of the company’s stock, valued at approximately $310,000.

A number of other hedge funds have also bought and sold shares of FAST. Amundi Pioneer Asset Management Inc. purchased a new stake in Fastenal during the third quarter worth approximately $64,702,000. Bank of New York Mellon Corp lifted its stake in Fastenal by 8.7% during the third quarter. Bank of New York Mellon Corp now owns 16,219,944 shares of the company’s stock worth $739,306,000 after purchasing an additional 1,297,185 shares during the last quarter. Neuberger Berman Group LLC purchased a new stake in Fastenal during the third quarter worth approximately $56,907,000. Janus Henderson Group PLC lifted its stake in Fastenal by 58.5% during the third quarter. Janus Henderson Group PLC now owns 2,889,428 shares of the company’s stock worth $131,700,000 after purchasing an additional 1,066,773 shares during the last quarter. Finally, OppenheimerFunds Inc. lifted its stake in Fastenal by 18.8% during the fourth quarter. OppenheimerFunds Inc. now owns 4,876,680 shares of the company’s stock worth $266,706,000 after purchasing an additional 772,198 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

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In other news, insider William Joseph Drazkowski sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $56.64, for a total transaction of $424,800.00. Following the completion of the sale, the insider now owns 9,460 shares in the company, valued at $535,814.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gary A. Polipnick sold 2,634 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $53.45, for a total value of $140,787.30. Following the sale, the insider now owns 59,323 shares of the company’s stock, valued at approximately $3,170,814.35. The disclosure for this sale can be found here. Insiders have sold 36,384 shares of company stock valued at $2,048,712 in the last 90 days. Company insiders own 0.56% of the company’s stock.

Shares of Fastenal (FAST) opened at $57.76 on Wednesday. Fastenal has a 52 week low of $39.79 and a 52 week high of $58.46. The company has a current ratio of 5.51, a quick ratio of 2.40 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $16,628.91, a P/E ratio of 28.74, a PEG ratio of 1.65 and a beta of 0.99.

Fastenal (NASDAQ:FAST) last released its quarterly earnings results on Wednesday, January 17th. The company reported $0.45 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. Fastenal had a return on equity of 27.39% and a net margin of 13.18%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the business earned $0.40 earnings per share. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. research analysts forecast that Fastenal will post 2.5 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Wednesday, January 31st were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.56%. The ex-dividend date was Tuesday, January 30th. This is a boost from Fastenal’s previous quarterly dividend of $0.32. Fastenal’s dividend payout ratio is 73.63%.

Several equities research analysts recently weighed in on the company. BMO Capital Markets restated a “hold” rating and set a $57.00 target price on shares of Fastenal in a research note on Tuesday, January 9th. Northcoast Research set a $60.00 price objective on Fastenal and gave the company a “buy” rating in a research note on Friday, March 2nd. Zacks Investment Research upgraded Fastenal from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Tuesday, December 26th. Credit Suisse Group upgraded Fastenal to a “buy” rating and set a $61.00 price objective for the company in a research note on Thursday, January 18th. Finally, Robert W. Baird reiterated a “buy” rating on shares of Fastenal in a research note on Wednesday, January 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. Fastenal currently has a consensus rating of “Buy” and a consensus target price of $54.00.

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Fastenal 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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