NEOS Investment Management LLC Boosts Stake in Fastenal Company $FAST

Posted by Brian Himes on Sep 4th, 2026

NEOS Investment Management LLC grew its holdings in shares of Fastenal Company (NASDAQ:FAST – Free Report) by 12.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 874,887 shares of the company’s stock after acquiring an additional 96,580 shares during the period. NEOS Investment Management LLC owned about 0.08% of Fastenal worth $42,021,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of FAST. Brighton Jones LLC purchased a new stake in Fastenal during the 4th quarter worth approximately $496,000. Integrated Wealth Concepts LLC grew its position in shares of Fastenal by 2.4% during the first quarter. Integrated Wealth Concepts LLC now owns 6,276 shares of the company’s stock worth $487,000 after buying an additional 147 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Fastenal in the second quarter worth $158,000. Jump Financial LLC bought a new stake in shares of Fastenal in the second quarter worth $2,199,000. Finally, Cary Street Partners Financial LLC raised its holdings in Fastenal by 111.0% in the second quarter. Cary Street Partners Financial LLC now owns 3,367 shares of the company’s stock valued at $141,000 after acquiring an additional 1,771 shares in the last quarter. 81.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Wolfe Research reiterated an “underperform” rating and set a $47.00 price objective on shares of Fastenal in a research note on Thursday, July 9th. Rothschild & Co Redburn set a $55.00 target price on shares of Fastenal and gave the company a “buy” rating in a research note on Monday, July 13th. Morgan Stanley upped their target price on shares of Fastenal from $48.00 to $52.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. Robert W. Baird set a $54.00 price target on Fastenal in a research note on Friday, August 7th. Finally, DA Davidson reissued a “neutral” rating and issued a $46.00 price objective on shares of Fastenal in a report on Wednesday, July 15th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Fastenal presently has an average rating of “Hold” and an average target price of $49.17.

Check Out Our Latest Analysis on Fastenal

Fastenal Stock Performance

Shares of FAST opened at $49.23 on Friday. The stock has a market capitalization of $56.49 billion, a PE ratio of 41.72, a price-to-earnings-growth ratio of 2.99 and a beta of 0.72. The business’s fifty day moving average price is $48.66 and its 200 day moving average price is $46.57. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.18 and a quick ratio of 2.21. Fastenal Company has a 12-month low of $38.97 and a 12-month high of $52.92.

Fastenal (NASDAQ:FAST – Get Free Report) last released its earnings results on Tuesday, July 14th. The company reported $0.33 earnings per share for the quarter, meeting the consensus estimate of $0.33. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.34 billion. Fastenal had a net margin of 15.45% and a return on equity of 34.03%. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 earnings per share. Equities research analysts forecast that Fastenal Company will post 1.26 EPS for the current year.

Fastenal Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, July 28th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.1%. This is a boost from Fastenal’s previous quarterly dividend of $0.24. Fastenal’s payout ratio is currently 88.14%.

Insider Activity

In other Fastenal news, Director Michael J. Ancius sold 3,000 shares of Fastenal stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $49.00, for a total value of $147,000.00. Following the completion of the transaction, the director directly owned 58,690 shares in the company, valued at $2,875,810. The trade was a 4.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Rita Heise sold 34,964 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $50.05, for a total value of $1,749,948.20. Following the transaction, the director directly owned 20,000 shares of the company’s stock, valued at $1,001,000. This trade represents a 63.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.28% of the stock is owned by corporate insiders.

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.