Teachers Advisors LLC cut its position in shares of Fastenal Co. (NASDAQ:FAST) by 14.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 618,360 shares of the company’s stock after selling 104,138 shares during the period. Teachers Advisors LLC’s holdings in Fastenal were worth $25,835,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of FAST. Sandy Spring Bank purchased a new stake in shares of Fastenal during the third quarter worth about $111,000. Cantab Capital Partners LLP purchased a new stake in shares of Fastenal during the second quarter worth about $119,000. American Research & Management Co. boosted its stake in shares of Fastenal by 191.5% in the second quarter. American Research & Management Co. now owns 2,740 shares of the company’s stock worth $122,000 after buying an additional 1,800 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Fastenal by 32.0% in the second quarter. Van ECK Associates Corp now owns 3,131 shares of the company’s stock worth $139,000 after buying an additional 759 shares during the last quarter. Finally, FineMark National Bank & Trust boosted its stake in shares of Fastenal by 0.6% in the second quarter. FineMark National Bank & Trust now owns 3,420 shares of the company’s stock worth $152,000 after buying an additional 20 shares during the last quarter. 75.83% of the stock is currently owned by institutional investors.
Fastenal Co. (NASDAQ:FAST) traded up 0.27% during mid-day trading on Friday, hitting $48.16. 335,157 shares of the company traded hands. The firm has a 50 day moving average of $46.18 and a 200 day moving average of $43.24. The firm has a market capitalization of $13.92 billion, a P/E ratio of 28.03 and a beta of 1.04. Fastenal Co. has a one year low of $35.10 and a one year high of $49.99.
Fastenal (NASDAQ:FAST) last announced its quarterly earnings data on Tuesday, October 11th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by $0.01. The company earned $1.01 billion during the quarter. Fastenal had a return on equity of 26.84% and a net margin of 12.61%. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the company posted $0.47 earnings per share. Equities research analysts expect that Fastenal Co. will post $1.71 earnings per share for the current fiscal year.
A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Fastenal in a report on Sunday, September 4th. Zacks Investment Research raised shares of Fastenal from a “sell” rating to a “hold” rating in a report on Tuesday, December 13th. Robert W. Baird reissued a “neutral” rating and issued a $45.00 price target on shares of Fastenal in a report on Thursday, October 13th. Macquarie began coverage on shares of Fastenal in a report on Thursday, August 25th. They issued a “neutral” rating and a $50.00 price target on the stock. Finally, Argus cut shares of Fastenal from a “buy” rating to a “hold” rating in a report on Friday, October 14th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $47.93.
In other Fastenal news, EVP Leland J. Hein sold 1,000 shares of Fastenal stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $46.15, for a total value of $46,150.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael J. Ancius acquired 700 shares of the stock in a transaction on Thursday, October 13th. The stock was bought at an average cost of $38.82 per share, for a total transaction of $27,174.00. The disclosure for this purchase can be found here. 0.78% of the stock is currently owned by company insiders.
Fastenal Company Profile
Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. The Company distributes these supplies through a network of approximately 2,600 Company-owned stores. The Company sells industrial and construction supplies to end users (business-to-business), and also has a walk-in retail business.