Y Intercept Hong Kong Ltd Buys 71,551 Shares of Fastenal Company $FAST

Posted by Brian Himes on Jul 6th, 2026

Y Intercept Hong Kong Ltd lifted its stake in Fastenal Company (NASDAQ:FAST – Free Report) by 249.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,194 shares of the company’s stock after purchasing an additional 71,551 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Fastenal were worth $4,649,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of FAST. Norges Bank bought a new position in Fastenal in the 4th quarter valued at $646,046,000. Wellington Management Group LLP raised its position in shares of Fastenal by 243.5% during the fourth quarter. Wellington Management Group LLP now owns 12,095,194 shares of the company’s stock worth $485,380,000 after acquiring an additional 8,574,208 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Fastenal by 106.1% during the second quarter. Bank of America Corp DE now owns 15,431,393 shares of the company’s stock valued at $648,118,000 after acquiring an additional 7,943,217 shares during the period. Invesco Ltd. lifted its stake in shares of 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 acquiring an additional 2,242,116 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Fastenal by 1,039.6% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,337,722 shares of the company’s stock valued at $94,253,000 after acquiring an additional 2,132,593 shares during the last quarter. Institutional investors own 81.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on FAST shares. Robert W. Baird lowered their price objective on Fastenal from $52.00 to $50.00 and set an “outperform” rating for the company in a research report on Tuesday, April 14th. Bank of America upped their target price on shares of Fastenal from $48.00 to $55.00 in a research report on Monday, April 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Fastenal in a research note on Friday, March 27th. DA Davidson initiated coverage on shares of Fastenal in a research report on Tuesday, June 16th. They set a “neutral” rating and a $46.00 price target for the company. Finally, Sanford C. Bernstein restated an “underperform” rating and issued a $42.00 price objective on shares of Fastenal in a report on Tuesday, April 14th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $47.08.

View Our Latest Report on Fastenal

Fastenal Stock Performance

NASDAQ FAST opened at $48.60 on Monday. The stock has a 50-day simple moving average of $45.34 and a 200 day simple moving average of $44.88. The company has a market capitalization of $55.79 billion, a PE ratio of 42.63, a P/E/G ratio of 3.10 and a beta of 0.72. The company has a current ratio of 4.39, a quick ratio of 2.34 and a debt-to-equity ratio of 0.03. Fastenal Company has a 12 month low of $38.97 and a 12 month high of $50.63.

Fastenal (NASDAQ:FAST – Get Free Report) last issued its earnings results on Monday, April 13th. The company reported $0.30 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.30. The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Fastenal had a return on equity of 33.25% and a net margin of 15.39%.The company’s revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.52 earnings per share. Research analysts forecast that Fastenal Company will post 1.23 EPS for the current year.

Fastenal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, April 28th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Tuesday, April 28th. Fastenal’s dividend payout ratio (DPR) is currently 84.21%.

Fastenal Company 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.