Quantum Capital Management LLC NJ trimmed its position in shares of Fastenal Company (NASDAQ:FAST – Free Report) by 2.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 966,749 shares of the company’s stock after selling 19,495 shares during the quarter. Fastenal accounts for approximately 4.5% of Quantum Capital Management LLC NJ’s investment portfolio, making the stock its 12th biggest position. Quantum Capital Management LLC NJ owned 0.08% of Fastenal worth $38,796,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Elyxium Wealth LLC purchased a new position in Fastenal during the 4th quarter valued at about $25,000. Palladiem LLC purchased a new position in Fastenal during the 4th quarter valued at about $25,000. Field & Main Bank purchased a new position in Fastenal during the 4th quarter valued at about $30,000. Tucker Asset Management LLC purchased a new position in Fastenal during the 4th quarter valued at about $33,000. Finally, Tradewinds Capital Management LLC purchased a new position in Fastenal during the 4th quarter valued at about $35,000. 81.38% of the stock is currently owned by hedge funds and other institutional investors.
Fastenal Stock Performance
Shares of FAST opened at $46.57 on Friday. The stock has a 50-day simple moving average of $45.15 and a 200-day simple moving average of $44.24. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.34 and a current ratio of 4.39. The stock has a market capitalization of $53.46 billion, a PE ratio of 40.85, a PEG ratio of 2.95 and a beta of 0.73. Fastenal Company has a 1 year low of $38.97 and a 1 year high of $50.63.
Fastenal Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, April 28th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, April 28th. Fastenal’s dividend payout ratio (DPR) is 84.21%.
Analysts Set New Price Targets
A number of equities analysts recently commented on FAST shares. Barclays set a $46.00 target price on Fastenal and gave the company an “equal weight” rating in a report on Wednesday, June 3rd. Jefferies Financial Group reiterated a “buy” rating on shares of Fastenal in a research note on Thursday, June 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Fastenal in a research note on Friday, March 27th. Morgan Stanley reiterated a “positive” rating and issued a $45.00 price objective on shares of Fastenal in a research note on Thursday, March 5th. Finally, Sanford C. Bernstein reiterated an “underperform” rating and issued a $42.00 price objective on shares of Fastenal in a research note on Tuesday, April 14th. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $49.85.
Check Out Our Latest Research Report on FAST
Fastenal 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.
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