Schwarz Dygos Wheeler Investment Advisors LLC Has $264,000 Stock Position in Fastenal (NASDAQ:FAST)

Schwarz Dygos Wheeler Investment Advisors LLC lowered its stake in Fastenal (NASDAQ:FAST) by 13.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,078 shares of the company’s stock after selling 650 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Fastenal were worth $264,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James & Associates boosted its position in Fastenal by 3.7% in the fourth quarter. Raymond James & Associates now owns 900,171 shares of the company’s stock valued at $58,304,000 after buying an additional 31,814 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Fastenal in the fourth quarter worth $13,204,000. Assenagon Asset Management S.A. grew its stake in shares of Fastenal by 178.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 78,030 shares of the company’s stock worth $5,054,000 after purchasing an additional 49,972 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of Fastenal in the third quarter worth $1,293,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Fastenal by 77.7% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,084 shares of the company’s stock worth $70,000 after purchasing an additional 474 shares during the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Insiders Place Their Bets

In other news, Director Daniel L. Johnson acquired 3,350 shares of Fastenal stock in a transaction on Wednesday, April 17th. The stock was acquired at an average cost of $68.38 per share, with a total value of $229,073.00. Following the transaction, the director now owns 10,595 shares of the company’s stock, valued at approximately $724,486.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Daniel L. Johnson bought 3,350 shares of Fastenal stock in a transaction dated Wednesday, April 17th. The stock was purchased at an average cost of $68.38 per share, with a total value of $229,073.00. Following the transaction, the director now directly owns 10,595 shares of the company’s stock, valued at $724,486.10. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Charles S. Miller sold 11,076 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $75.16, for a total transaction of $832,472.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,082 shares of company stock valued at $2,584,060. Corporate insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on FAST shares. Loop Capital reduced their price objective on shares of Fastenal from $71.00 to $66.00 and set a “hold” rating on the stock in a research note on Monday, April 15th. HSBC upped their price target on shares of Fastenal from $59.00 to $64.00 and gave the company a “hold” rating in a research report on Monday, April 15th. Stifel Nicolaus upped their price target on shares of Fastenal from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Finally, Robert W. Baird cut their price target on shares of Fastenal from $77.00 to $71.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $67.67.

Fastenal Stock Up 0.0 %

Shares of FAST traded up $0.03 on Friday, reaching $68.17. The company’s stock had a trading volume of 2,802,015 shares, compared to its average volume of 4,004,192. The company has a current ratio of 4.83, a quick ratio of 2.49 and a debt-to-equity ratio of 0.06. Fastenal has a twelve month low of $52.66 and a twelve month high of $79.04. The stock has a market capitalization of $39.03 billion, a PE ratio of 33.75, a PEG ratio of 3.57 and a beta of 1.05. The firm has a fifty day moving average of $73.41 and a 200-day moving average of $66.73.

Fastenal (NASDAQ:FAST) last posted its earnings results on Thursday, April 11th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). Fastenal had a return on equity of 33.98% and a net margin of 15.68%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the company earned $0.52 EPS. The company’s revenue was up 1.9% on a year-over-year basis. Equities analysts predict that Fastenal will post 2.12 EPS for the current year.

Fastenal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, April 25th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, April 24th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.29%. Fastenal’s dividend payout ratio is presently 77.23%.

Fastenal Profile

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, North America, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, bolts, nuts, screws, studs, and related washers that are used in manufactured products and construction projects, as well as in the maintenance and repair of machines.