Mn Services Vermogensbeheer B.V. Has $16.39 Million Position in Fastenal (NASDAQ:FAST)

Mn Services Vermogensbeheer B.V. increased its position in shares of Fastenal (NASDAQ:FAST) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 227,956 shares of the company’s stock after purchasing an additional 8,800 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Fastenal were worth $16,392,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in shares of Fastenal during the 3rd quarter worth $25,000. Knuff & Co LLC acquired a new stake in Fastenal during the 3rd quarter worth about $27,000. First Personal Financial Services bought a new stake in Fastenal in the third quarter worth approximately $36,000. Whipplewood Advisors LLC bought a new stake in shares of Fastenal in the 4th quarter valued at $49,000. Finally, R Squared Ltd bought a new stake in Fastenal in the fourth quarter valued at $68,000. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FAST. Hsbc Global Res cut Fastenal from a “hold” rating to a “moderate sell” rating in a research note on Wednesday, December 11th. Wolfe Research upped their price target on Fastenal from $74.00 to $76.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. HSBC downgraded shares of Fastenal from a “hold” rating to a “reduce” rating and set a $70.00 target price for the company. in a report on Wednesday, December 11th. Stifel Nicolaus reduced their target price on Fastenal from $86.00 to $82.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. Finally, Jefferies Financial Group lifted their target price on Fastenal from $74.00 to $85.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Fastenal presently has an average rating of “Hold” and an average price target of $76.91.

Fastenal Stock Performance

Shares of FAST opened at $74.09 on Friday. Fastenal has a 12-month low of $61.36 and a 12-month high of $84.88. The company has a current ratio of 4.67, a quick ratio of 2.28 and a debt-to-equity ratio of 0.03. The company has a market cap of $42.48 billion, a PE ratio of 36.86, a price-to-earnings-growth ratio of 3.58 and a beta of 1.02. The stock has a 50-day moving average price of $74.08 and a 200-day moving average price of $74.54.

Fastenal (NASDAQ:FAST) last issued its quarterly earnings results on Friday, January 17th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.02). The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.84 billion. Fastenal had a return on equity of 32.55% and a net margin of 15.25%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $0.46 EPS. As a group, equities analysts forecast that Fastenal will post 2.15 earnings per share for the current fiscal year.

Fastenal Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, January 31st will be paid a $0.43 dividend. This is a boost from Fastenal’s previous quarterly dividend of $0.39. This represents a $1.72 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Friday, January 31st. Fastenal’s payout ratio is 85.57%.

About Fastenal

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.