Pictet North America Advisors SA grew its position in Fastenal (NASDAQ:FAST) by 94.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 150,264 shares of the company’s stock after buying an additional 73,143 shares during the period. Pictet North America Advisors SA’s holdings in Fastenal were worth $4,897,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in Fastenal by 1.8% in the 1st quarter. BlackRock Inc. now owns 20,274,336 shares of the company’s stock worth $1,303,845,000 after purchasing an additional 354,493 shares during the period. Cantillon Capital Management LLC boosted its stake in Fastenal by 96.1% in the 2nd quarter. Cantillon Capital Management LLC now owns 6,335,959 shares of the company’s stock worth $206,488,000 after purchasing an additional 3,105,434 shares during the period. Geode Capital Management LLC boosted its stake in Fastenal by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 4,165,575 shares of the company’s stock worth $217,478,000 after purchasing an additional 225,481 shares during the period. Mcdonald Capital Investors Inc. CA boosted its stake in Fastenal by 97.0% in the 2nd quarter. Mcdonald Capital Investors Inc. CA now owns 3,803,629 shares of the company’s stock worth $123,960,000 after purchasing an additional 1,872,476 shares during the period. Finally, Northern Trust Corp boosted its stake in Fastenal by 1.8% in the 1st quarter. Northern Trust Corp now owns 3,726,840 shares of the company’s stock worth $239,673,000 after purchasing an additional 65,952 shares during the period. 85.36% of the stock is owned by institutional investors.

NASDAQ:FAST traded down $1.07 on Friday, hitting $29.66. 3,472,881 shares of the company’s stock were exchanged, compared to its average volume of 4,374,729. The firm has a 50-day moving average price of $30.56 and a 200-day moving average price of $49.23. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.68 and a quick ratio of 2.13. Fastenal has a 52 week low of $24.00 and a 52 week high of $35.94. The company has a market cap of $17.62 billion, a P/E ratio of 22.47, a price-to-earnings-growth ratio of 1.40 and a beta of 1.22.

Fastenal (NASDAQ:FAST) last issued its quarterly earnings results on Thursday, July 11th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Fastenal had a return on equity of 32.27% and a net margin of 14.74%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the firm earned $0.37 earnings per share. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, research analysts expect that Fastenal will post 1.38 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, July 25th were issued a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, July 24th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.97%. Fastenal’s payout ratio is 66.67%.

FAST has been the subject of a number of research analyst reports. BidaskClub raised shares of Fastenal from a “sell” rating to a “hold” rating in a research note on Friday, August 16th. Buckingham Research reduced their target price on shares of Fastenal from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Friday, July 12th. William Blair lowered shares of Fastenal from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 7th. Raymond James reduced their target price on shares of Fastenal from $39.00 to $37.00 and set a “strong-buy” rating for the company in a research note on Friday, July 12th. Finally, ValuEngine lowered shares of Fastenal from a “sell” rating to a “strong sell” rating in a research note on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $31.36.

In other news, Director Daniel L. Johnson bought 2,500 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were bought at an average cost of $30.49 per share, with a total value of $76,225.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael J. Ancius bought 1,104 shares of the company’s stock in a transaction dated Thursday, July 18th. The stock was purchased at an average cost of $30.13 per share, for a total transaction of $33,263.52. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 4,604 shares of company stock worth $138,479. 0.56% of the stock is owned by insiders.

Fastenal Profile

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally. It offers fasteners, and other industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, such as bolts, nuts, screws, studs, and related washers, which are used in manufactured products and construction projects, as well as in the maintenance and repair of machines.

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Institutional Ownership by Quarter for Fastenal (NASDAQ:FAST)

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