Pacer Advisors Inc. Raises Stock Holdings in Fastenal Company $FAST

Posted by Stanley Muller on Jun 22nd, 2026

Pacer Advisors Inc. lifted its stake in Fastenal Company (NASDAQ:FAST – Free Report) by 10.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 191,324 shares of the company’s stock after purchasing an additional 17,516 shares during the quarter. Pacer Advisors Inc.’s holdings in Fastenal were worth $7,678,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in FAST. State Street Corp grew its stake in shares of Fastenal by 1.2% during the 4th quarter. State Street Corp now owns 54,734,674 shares of the company’s stock valued at $2,196,502,000 after acquiring an additional 631,889 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Fastenal by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 47,297,047 shares of the company’s stock worth $1,898,031,000 after acquiring an additional 919,158 shares during the period. Geode Capital Management LLC raised its stake in Fastenal by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 37,699,836 shares of the company’s stock worth $1,508,216,000 after acquiring an additional 685,047 shares during the period. Invesco Ltd. lifted its holdings in Fastenal by 14.0% during the third quarter. Invesco Ltd. now owns 18,215,875 shares of the company’s stock valued at $893,307,000 after purchasing an additional 2,242,116 shares in the last quarter. Finally, Norges Bank purchased a new position in Fastenal during the fourth quarter valued at approximately $646,046,000. 81.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FAST. DA Davidson assumed coverage on shares of Fastenal in a research report on Tuesday, June 16th. They issued a “neutral” rating and a $46.00 price target for the company. JPMorgan Chase & Co. raised their price objective on shares of Fastenal from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Robert W. Baird lowered their target price on shares of Fastenal from $52.00 to $50.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Fastenal in a report on Friday, March 27th. Finally, Sanford C. Bernstein reiterated an “underperform” rating and issued a $42.00 price target on shares of Fastenal in a research note on Tuesday, April 14th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $49.57.

Read Our Latest Stock Analysis on FAST

Fastenal Stock Up 0.0%

Shares of FAST opened at $45.91 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.39 and a quick ratio of 2.34. The stock has a market capitalization of $52.70 billion, a price-to-earnings ratio of 40.27, a price-to-earnings-growth ratio of 2.92 and a beta of 0.73. Fastenal Company has a 1 year low of $38.97 and a 1 year high of $50.63. The business’s 50 day simple moving average is $45.08 and its 200-day simple moving average is $44.46.

Fastenal (NASDAQ:FAST – Get Free Report) last posted its earnings results on Monday, April 13th. The company reported $0.30 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.30. Fastenal had a net margin of 15.39% and a return on equity of 33.25%. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period last year, the firm posted $0.52 earnings per share. Fastenal’s revenue for the quarter was up 12.4% compared to the same quarter last year. As a group, equities analysts expect that Fastenal Company will post 1.23 earnings per share for the current fiscal year.

Fastenal Announces Dividend

The business 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. The ex-dividend date of this dividend was Tuesday, April 28th. This represents a $0.96 annualized dividend and a dividend yield of 2.1%. Fastenal’s payout ratio is currently 84.21%.

Fastenal Profile

(Free Report)

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.