Fastenal Company $FAST Shares Purchased by Pictet Asset Management Holding SA

Posted by George Bondi on Jul 1st, 2026

Pictet Asset Management Holding SA raised its position in shares of Fastenal Company (NASDAQ:FAST – Free Report) by 51.7% in the first quarter, HoldingsChannel.com reports. The firm owned 820,767 shares of the company’s stock after buying an additional 279,741 shares during the period. Pictet Asset Management Holding SA’s holdings in Fastenal were worth $38,068,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Franklin Resources Inc. boosted its position in shares of Fastenal by 1.2% during the 3rd quarter. Franklin Resources Inc. now owns 7,387,472 shares of the company’s stock valued at $362,282,000 after purchasing an additional 90,095 shares in the last quarter. BlueStem Wealth Partners LLC bought a new stake in shares of Fastenal in the 3rd quarter worth approximately $634,000. Wiregrass Investment Management LLC acquired a new stake in Fastenal during the fourth quarter valued at approximately $1,020,000. Stance Capital LLC boosted its holdings in Fastenal by 653.1% during the third quarter. Stance Capital LLC now owns 54,976 shares of the company’s stock worth $2,696,000 after buying an additional 47,676 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Fastenal by 20.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 328,263 shares of the company’s stock worth $13,173,000 after buying an additional 55,191 shares in the last quarter. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FAST has been the topic of several recent research reports. Bank of America lifted their price target on shares of Fastenal from $48.00 to $55.00 in a research report on Monday, April 13th. Jefferies Financial Group reissued a “buy” rating on shares of Fastenal in a research note on Thursday, June 4th. Morgan Stanley restated a “positive” rating and issued a $45.00 target price on shares of Fastenal in a report on Thursday, March 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Fastenal in a research report on Friday, March 27th. Finally, Raymond James Financial set a $48.00 target price on Fastenal in a report on Thursday, March 5th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $49.57.

View Our Latest Analysis on FAST

Fastenal Stock Up 1.3%

FAST stock opened at $48.03 on Wednesday. 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 firm has a market capitalization of $55.14 billion, a P/E ratio of 42.13, a P/E/G ratio of 3.02 and a beta of 0.73. Fastenal Company has a 52-week low of $38.97 and a 52-week high of $50.63. The company’s 50 day simple moving average is $45.16 and its 200-day simple moving average is $44.75.

Fastenal (NASDAQ:FAST – Get Free Report) last posted its quarterly earnings data on Monday, April 13th. The company reported $0.30 EPS for the quarter, hitting 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 quarter last year, the business posted $0.52 EPS. The company’s revenue was up 12.4% on a year-over-year basis. As a group, equities research analysts anticipate that Fastenal Company will post 1.23 EPS for the current year.

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 $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, April 28th. Fastenal’s dividend payout ratio (DPR) is 84.21%.

About Fastenal

(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.