SEB Asset Management AB Buys New Holdings in Fastenal Company $FAST

Posted by on Jul 21st, 2026

SEB Asset Management AB acquired a new stake in shares of Fastenal Company (NASDAQ:FAST – Free Report) in the first quarter, HoldingsChannel.com reports. The fund acquired 245,144 shares of the company’s stock, valued at approximately $11,375,000.

Several other hedge funds also recently made changes to their positions in the company. Elyxium Wealth LLC bought a new stake in Fastenal in the 4th quarter worth $25,000. Palladiem LLC bought a new position in shares of Fastenal during the fourth quarter valued at about $25,000. Evergreen Advisors LLC bought a new position in shares of Fastenal during the first quarter valued at about $26,000. MV Capital Management Inc. purchased a new stake in shares of Fastenal during the fourth quarter worth about $29,000. Finally, Field & Main Bank purchased a new stake in shares of Fastenal during the fourth quarter worth about $30,000. 81.38% of the stock is owned by hedge funds and other institutional investors.

Fastenal Stock Down 1.6%

Shares of NASDAQ:FAST opened at $44.76 on Tuesday. The company has a current ratio of 4.18, a quick ratio of 2.21 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $45.74 and a two-hundred day simple moving average of $45.23. Fastenal Company has a 12-month low of $38.97 and a 12-month high of $50.63. The stock has a market capitalization of $51.36 billion, a price-to-earnings ratio of 37.93, a PEG ratio of 2.85 and a beta of 0.72.

Fastenal (NASDAQ:FAST – Get Free Report) last released its earnings results on Tuesday, July 14th. The company reported $0.33 EPS for the quarter, hitting analysts’ consensus estimates of $0.33. Fastenal had a return on equity of 34.03% and a net margin of 15.45%.The firm had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the prior year, the firm posted $0.29 earnings per share. The company’s quarterly revenue was up 14.7% on a year-over-year basis. On average, research analysts anticipate that Fastenal Company will post 1.25 earnings per share for the current fiscal year.

Fastenal Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Tuesday, July 28th will be given a dividend of $0.26 per share. This is a positive change from Fastenal’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Tuesday, July 28th. This represents a $1.04 annualized dividend and a yield of 2.3%. Fastenal’s payout ratio is currently 81.36%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Morgan Stanley boosted their target price on Fastenal from $48.00 to $52.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Fastenal in a research note on Thursday, June 4th. DA Davidson reiterated a “neutral” rating and issued a $46.00 price target on shares of Fastenal in a report on Wednesday, July 15th. Bank of America boosted their price objective on shares of Fastenal from $48.00 to $55.00 in a research report on Monday, April 13th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Fastenal in a report on Wednesday, July 8th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Fastenal has a consensus rating of “Hold” and an average target price of $48.83.

Get Our Latest Analysis on Fastenal

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.

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Institutional Ownership by Quarter for Fastenal (NASDAQ:FAST)

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