The firm owned 23,182 shares of the company's stock after selling 12,918 shares during the period.
Investment Centers Of America Inc increased Fastenal Co (FAST) stake by 51.79% reported in 2017Q2 SEC filing. It is positive, as 56 investors sold FAST shares while 168 reduced holdings. State Common Retirement Fund stated it has 0.05% in Fastenal Company (NASDAQ:FAST). Insiders have acquired 6,700 shares of company stock worth $299,343 over the last quarter. Aperio Group LLC raised its stake in shares of Fastenal by 9.0% during the 2nd quarter. QS Investors LLC now owns 4,051 shares of the company's stock valued at $176,000 after purchasing an additional 63 shares during the period. FineMark National Bank & Trust lifted its position in shares of Fastenal by 40.1% in the second quarter. FineMark National Bank & Trust now owns 12,145 shares of the company's stock valued at $529,000 after purchasing an additional 3,477 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Fastenal by 4.0% in the second quarter. The Ironwood Investment Counsel Llc holds 22,010 shares with $958,000 value, up from 8,200 last quarter. Boston Financial Mangement LLC now owns 189,243 shares of the company's stock worth $8,238,000 after acquiring an additional 4,201 shares during the period. The company's quarterly EPS surprised Wall Street by as much as 0% to the downside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates.
FAST has been the subject of several analyst reports. William Blair maintained the stock with "Hold" rating in Tuesday, August 25 report. Morgan Stanley reaffirmed an "equal weight" rating and issued a $46.00 target price (up from $44.00) on shares of Fastenal in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Fastenal presently has an average rating of "Buy" and an average target price of $50.80. The stock has a market capitalization of $15,487.47, a P/E ratio of 28.67, a P/E/G ratio of 2.00 and a beta of 1.08. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.45 and a current ratio of 5.36. According to the most recent data, Fastenal Company has a 52-week high of $55.35 and a 52-week low of $39.79.
Fastenal (NASDAQ:FAST) last posted its quarterly earnings results on Wednesday, October 11th. The company reported $0.50 EPS for the quarter, hitting analysts' consensus estimates of $0.50. Fastenal had a return on equity of 27.28% and a net margin of 12.73%. During the same quarter in the prior year, the business earned $0.44 earnings per share. The ex-dividend date of this dividend was Monday, April 24th. SLB comes in with a P/S ratio of 2.98 that's greater than 1, potentially implying that it could be expensive relative to the overall sector (15.42) and its peers (2.27).
In related news, insider Terry Modock Owen sold 30,000 shares of the stock in a transaction dated Thursday, November 16th.
Whereas its latest closing price kept its distance from the SMA20 at -1.25% and 3.11% from SMA 50 while it was knocked up 17.68% from the simple moving average price of 200 days. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
In other news, insider Leland J. Hein sold 10,000 shares of the company's stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $51.00, for a total transaction of $510,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 80,112 shares of company stock worth $3,879,832.
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Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally. The Company's SaaS offerings include asset management, mobile room scheduling, mobile time tracking, scheduling software, space utilization solutions, tablet time clocks, time and labor management software, traditional time clocks, touch panels for room scheduling, and workplace business intelligence analytics. Fastenal Company (NASDAQ:FAST) has declined 2.09% since December 7, 2016 and is downtrending. Its customers are in the manufacturing and non-residential construction markets.