Fastenal Company $FAST Position Increased by Guardian Wealth Advisors LLC

Guardian Wealth Advisors LLC boosted its stake in shares of Fastenal Company (NASDAQ:FAST) by 238.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,922 shares of the company’s stock after purchasing an additional 8,395 shares during the quarter. Guardian Wealth Advisors LLC’s holdings in Fastenal were worth $501,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. 1248 Management LLC bought a new stake in Fastenal in the first quarter valued at $36,000. Horizon Financial Services LLC lifted its position in Fastenal by 5,330.0% in the 1st quarter. Horizon Financial Services LLC now owns 543 shares of the company’s stock valued at $42,000 after purchasing an additional 533 shares during the last quarter. Riverview Trust Co boosted its stake in Fastenal by 100.0% during the 2nd quarter. Riverview Trust Co now owns 584 shares of the company’s stock valued at $25,000 after purchasing an additional 292 shares during the period. Zions Bancorporation National Association UT acquired a new position in Fastenal during the 1st quarter valued at about $49,000. Finally, Private Wealth Management Group LLC increased its stake in shares of Fastenal by 111.9% in the second quarter. Private Wealth Management Group LLC now owns 642 shares of the company’s stock valued at $27,000 after purchasing an additional 339 shares during the period. 81.38% of the stock is owned by institutional investors and hedge funds.

Fastenal Stock Down 0.3%

FAST opened at $42.87 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.19 and a current ratio of 4.26. The company has a market capitalization of $49.22 billion, a PE ratio of 40.07, a P/E/G ratio of 3.91 and a beta of 0.94. The stock’s fifty day moving average is $47.27 and its 200-day moving average is $44.25. Fastenal Company has a one year low of $35.31 and a one year high of $50.63.

Fastenal (NASDAQ:FAST) last announced its earnings results on Monday, October 13th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.13 billion. Fastenal had a net margin of 15.34% and a return on equity of 32.69%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.26 EPS. On average, equities analysts predict that Fastenal Company will post 2.15 EPS for the current fiscal year.

Fastenal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Tuesday, October 28th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, October 28th. This represents a $0.88 annualized dividend and a dividend yield of 2.1%. Fastenal’s payout ratio is currently 82.24%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Loop Capital reiterated a “hold” rating on shares of Fastenal in a research report on Tuesday, July 15th. Morgan Stanley set a $40.00 target price on Fastenal and gave the company an “equal weight” rating in a research note on Thursday, July 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Fastenal in a research note on Saturday. JPMorgan Chase & Co. lifted their price objective on shares of Fastenal from $41.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, September 4th. Finally, Stephens increased their target price on shares of Fastenal from $40.00 to $45.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Fastenal currently has a consensus rating of “Hold” and a consensus price target of $46.50.

Insider Buying and Selling at Fastenal

In related news, EVP John Lewis Soderberg sold 34,612 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $48.03, for a total value of $1,662,414.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP William Joseph Drazkowski sold 6,842 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $48.67, for a total transaction of $333,000.14. Following the sale, the executive vice president owned 11,994 shares of the company’s stock, valued at $583,747.98. The trade was a 36.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,178 shares of company stock valued at $4,336,603 over the last quarter. Company insiders own 0.37% of the company’s stock.

Fastenal Company Profile

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