Savant Capital LLC Grows Position in Fastenal Company $FAST

Posted by Stanley Muller on Jun 1st, 2026

Savant Capital LLC increased its position in shares of Fastenal Company (NASDAQ:FAST – Free Report) by 103.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 42,888 shares of the company’s stock after buying an additional 21,852 shares during the quarter. Savant Capital LLC’s holdings in Fastenal were worth $1,721,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Fastenal by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 151,515,539 shares of the company’s stock valued at $7,430,322,000 after purchasing an additional 2,346,045 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Fastenal by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 37,699,836 shares of the company’s stock valued at $1,508,216,000 after purchasing an additional 685,047 shares during the last quarter. Invesco Ltd. grew its stake in shares of Fastenal by 14.0% in the 3rd 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 during the last quarter. Bank of America Corp DE grew its stake in shares of Fastenal by 1.1% in the 3rd quarter. Bank of America Corp DE now owns 15,604,974 shares of the company’s stock valued at $765,268,000 after purchasing an additional 173,581 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Fastenal by 0.3% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,276,145 shares of the company’s stock valued at $405,860,000 after purchasing an additional 26,702 shares during the last quarter. 81.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Raymond James Financial set a $48.00 target price on Fastenal in a research note on Thursday, March 5th. Wolfe Research lowered their target price on Fastenal from $46.00 to $45.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. Benchmark reiterated a “buy” rating on shares of Fastenal in a research note on Thursday, March 5th. Sanford C. Bernstein reiterated an “underperform” rating and issued a $42.00 target price on shares of Fastenal in a research note on Tuesday, April 14th. Finally, Bank of America lifted their target price on Fastenal from $48.00 to $55.00 in a research note on Monday, April 13th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $49.77.

Read Our Latest Stock Report on FAST

Insider Buying and Selling at Fastenal

In related news, Director Reyne K. Wisecup sold 36,920 shares of Fastenal stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $47.34, for a total value of $1,747,792.80. Following the sale, the director directly owned 40,000 shares in the company, valued at $1,893,600. The trade was a 48.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.28% of the stock is currently owned by company insiders.

Fastenal Price Performance

Fastenal stock opened at $44.20 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. Fastenal Company has a 1-year low of $38.97 and a 1-year high of $50.63. The company has a market cap of $50.74 billion, a PE ratio of 38.77, a price-to-earnings-growth ratio of 2.82 and a beta of 0.73. The stock’s 50 day moving average price is $44.96 and its 200 day moving average price is $43.85.

Fastenal (NASDAQ:FAST – Get Free Report) last posted its quarterly 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 return on equity of 33.25% and a net margin of 15.39%.The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the previous year, the business earned $0.52 earnings per share. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. On average, sell-side analysts predict that Fastenal Company will post 1.23 EPS for the current fiscal year.

Fastenal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, April 28th were paid a $0.24 dividend. The ex-dividend date was Tuesday, April 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.2%. Fastenal’s payout ratio is 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.