Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Has $866,000 Stake in Fastenal Company $FAST

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group increased its stake in shares of Fastenal Company (NASDAQ:FAST) by 41.4% during the second quarter, HoldingsChannel.com reports. The fund owned 20,626 shares of the company’s stock after purchasing an additional 6,044 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Fastenal were worth $866,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Riverview Trust Co increased its holdings in shares of 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 acquiring an additional 292 shares during the last quarter. Hilltop National Bank acquired a new stake in Fastenal in the 2nd quarter valued at approximately $27,000. Private Wealth Management Group LLC grew its holdings in Fastenal by 111.9% in the 2nd quarter. Private Wealth Management Group LLC now owns 642 shares of the company’s stock valued at $27,000 after buying an additional 339 shares during the last quarter. Armstrong Advisory Group Inc. grew its holdings in Fastenal by 100.0% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 696 shares of the company’s stock valued at $29,000 after buying an additional 348 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its holdings in Fastenal by 95.0% in the 2nd quarter. AdvisorNet Financial Inc now owns 702 shares of the company’s stock valued at $29,000 after buying an additional 342 shares during the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Fastenal Price Performance

Shares of FAST stock opened at $42.87 on Monday. The stock has a 50 day moving average of $47.27 and a two-hundred day moving average of $44.29. The company has a current ratio of 4.26, a quick ratio of 2.19 and a debt-to-equity ratio of 0.03. Fastenal Company has a 12 month low of $35.31 and a 12 month high of $50.63. The company has a market capitalization of $49.22 billion, a P/E ratio of 40.07, a P/E/G ratio of 3.91 and a beta of 0.94.

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

Fastenal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Tuesday, October 28th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Tuesday, October 28th. Fastenal’s dividend payout ratio (DPR) is 82.24%.

Analysts Set New Price Targets

FAST has been the topic of a number of research analyst reports. Barclays set a $45.00 target price on Fastenal and gave the company an “equal weight” rating in a report on Tuesday, October 14th. Stifel Nicolaus set a $82.00 target price on Fastenal in a report on Thursday, July 3rd. Baird R W raised Fastenal from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 7th. Morgan Stanley set a $40.00 target price on Fastenal and gave the company an “equal weight” rating in a report on Thursday, July 3rd. Finally, Wolfe Research reiterated a “positive” rating on shares of Fastenal in a research report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $46.50.

Insider Buying and Selling

In related news, EVP John Lewis Soderberg sold 34,612 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $48.03, for a total transaction of $1,662,414.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hsenghung Sam Hsu bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The shares were bought at an average price of $42.45 per share, with a total value of $42,450.00. Following the transaction, the director directly owned 9,000 shares in the company, valued at $382,050. This trade represents a 12.50% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 90,178 shares of company stock worth $4,336,603 over the last 90 days. Corporate insiders own 0.37% of the company’s stock.

Fastenal 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.