Sienna Gestion Has $5.66 Million Stock Holdings in Fastenal Company $FAST

Sienna Gestion lifted its holdings in shares of Fastenal Company (NASDAQ:FAST) by 31.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 139,290 shares of the company’s stock after buying an additional 33,700 shares during the period. Sienna Gestion’s holdings in Fastenal were worth $5,664,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Elyxium Wealth LLC bought a new stake in shares of Fastenal in the 4th quarter valued at about $25,000. Palladiem LLC bought a new stake in shares of Fastenal in the 4th quarter valued at about $25,000. Field & Main Bank bought a new stake in shares of Fastenal in the 4th quarter valued at about $30,000. Tucker Asset Management LLC bought a new stake in shares of Fastenal in the 4th quarter valued at about $33,000. Finally, Tradewinds Capital Management LLC bought a new stake in shares of Fastenal in the 4th quarter valued at about $35,000. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FAST shares. JPMorgan Chase & Co. upped their target price on shares of Fastenal from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. Robert W. Baird dropped their target price on shares of Fastenal from $52.00 to $50.00 and set an “outperform” rating on the stock in a report on Tuesday, April 14th. Morgan Stanley reaffirmed a “positive” rating and issued a $45.00 target price on shares of Fastenal in a report on Thursday, March 5th. Bank of America upped their target price on shares of Fastenal from $48.00 to $55.00 in a report on Monday, April 13th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Fastenal in a report on Friday, March 27th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Fastenal has an average rating of “Hold” and a consensus target price of $49.57.

Fastenal Stock Down 1.0%

Fastenal stock opened at $46.10 on Tuesday. The stock has a market cap of $52.92 billion, a P/E ratio of 40.44, a P/E/G ratio of 2.96 and a beta of 0.73. The company has a quick ratio of 2.34, a current ratio of 4.39 and a debt-to-equity ratio of 0.03. Fastenal Company has a twelve month low of $38.97 and a twelve month high of $50.63. The company’s 50-day moving average price is $45.15 and its two-hundred day moving average price is $44.31.

Fastenal (NASDAQ:FAST) last released its quarterly earnings results on Monday, April 13th. The company reported $0.30 earnings per share for the quarter, meeting the consensus estimate of $0.30. The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Fastenal had a net margin of 15.39% and a return on equity of 33.25%. The business’s revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 EPS. As a group, analysts expect that Fastenal Company will post 1.24 EPS for the current year.

Fastenal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, April 28th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, April 28th. Fastenal’s dividend payout ratio is currently 84.21%.

Fastenal Company Profile

Fastenal (NASDAQ: FAST) is a wholesale distributor of industrial and construction supplies, best known for its broad assortment of fasteners such as bolts, nuts, screws and anchors. Founded in Winona, Minnesota, Fastenal has grown from a regional supplier into a national and international distributor serving a wide range of end markets, including manufacturing, construction, maintenance, repair and operations (MRO), and government customers. The company is publicly traded and operates through a network of locally staffed branches combined with national distribution capabilities.

Product offerings extend beyond fasteners to include tools, safety and personal protective equipment, power transmission components, cutting and welding supplies, janitorial and material handling items, and other industrial consumables.