Wealthfront Advisers LLC Acquires Shares of 202,919 Fastenal Company $FAST

Posted by Francis Steltz on Aug 20th, 2026

Wealthfront Advisers LLC acquired a new stake in Fastenal Company (NASDAQ:FAST – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 202,919 shares of the company’s stock, valued at approximately $9,746,000.

A number of other hedge funds have also recently modified their holdings of the stock. Elyxium Wealth LLC acquired a new stake in Fastenal during the fourth quarter worth about $25,000. Palladiem LLC acquired a new position in Fastenal in the fourth quarter valued at approximately $25,000. Evergreen Advisors LLC purchased a new stake in Fastenal in the 1st quarter worth approximately $26,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Fastenal during the 2nd quarter worth approximately $26,000. Finally, MV Capital Management Inc. acquired a new stake in shares of Fastenal during the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Analyst Ratings Changes

FAST has been the subject of several analyst reports. Robert W. Baird set a $54.00 target price on shares of Fastenal in a research note on Friday, August 7th. Jefferies Financial Group restated a “buy” rating on shares of Fastenal in a research report on Thursday, June 4th. Weiss Ratings cut shares of Fastenal from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 21st. Morgan Stanley upped their price objective on shares of Fastenal from $48.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 16th. Finally, Barclays lowered their target price on shares of Fastenal from $47.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 16th. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $49.17.

Get Our Latest Stock Analysis on Fastenal

Fastenal Stock Up 0.3%

NASDAQ FAST opened at $51.44 on Thursday. The business has a fifty day moving average price of $47.78 and a 200 day moving average price of $46.28. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.21 and a current ratio of 4.18. The company has a market cap of $59.03 billion, a P/E ratio of 43.59, a P/E/G ratio of 3.20 and a beta of 0.72. Fastenal Company has a one year low of $38.97 and a one year high of $52.92.

Fastenal (NASDAQ:FAST – Get Free Report) last announced its earnings results on Tuesday, July 14th. The company reported $0.33 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.33. Fastenal had a net margin of 15.45% and a return on equity of 34.03%. The company had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the previous year, the company posted $0.29 EPS. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. Research analysts anticipate that Fastenal Company will post 1.26 EPS for the current fiscal year.

Fastenal Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Tuesday, July 28th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, July 28th. This represents a $1.04 annualized dividend and a yield of 2.0%. This is a boost from Fastenal’s previous quarterly dividend of $0.24. Fastenal’s dividend payout ratio is currently 88.14%.

Insider Transactions at Fastenal

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

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.