Fastenal Company $FAST Shares Acquired by Shelton Capital Management

Shelton Capital Management boosted its stake in Fastenal Company (NASDAQ:FAST - Free Report) by 99.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 137,061 shares of the company's stock after acquiring an additional 68,464 shares during the period. Shelton Capital Management's holdings in Fastenal were worth $5,757,000 as of its most recent SEC filing.

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Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FAST. Integrated Wealth Concepts LLC grew its stake in shares of Fastenal by 2.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 6,276 shares of the company's stock valued at $487,000 after purchasing an additional 147 shares during the last quarter. Advisory Alpha LLC lifted its holdings in shares of Fastenal by 5.8% during the first quarter. Advisory Alpha LLC now owns 3,407 shares of the company's stock worth $264,000 after purchasing an additional 187 shares during the period. Riverview Trust Co grew its position in Fastenal by 100.0% in the 2nd quarter. Riverview Trust Co now owns 584 shares of the company's stock valued at $25,000 after buying an additional 292 shares during the last quarter. Cary Street Partners Investment Advisory LLC increased its stake in Fastenal by 10.5% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 3,329 shares of the company's stock valued at $258,000 after buying an additional 317 shares during the period. Finally, Financial Network Wealth Advisors LLC increased its stake in Fastenal by 19.4% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 1,980 shares of the company's stock valued at $154,000 after buying an additional 322 shares during the period. 81.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on FAST shares. Baird R W upgraded shares of Fastenal from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. boosted their target price on Fastenal from $41.00 to $46.00 and gave the stock a "neutral" rating in a research report on Thursday, September 4th. Weiss Ratings restated a "buy (b)" rating on shares of Fastenal in a research report on Wednesday, October 8th. Robert W. Baird reduced their price objective on Fastenal from $53.00 to $49.00 and set an "outperform" rating for the company in a report on Tuesday, October 14th. Finally, Wolfe Research upgraded shares of Fastenal from an "underperform" rating to a "peer perform" rating and set a $43.00 price objective on the stock in a research report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine 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 target price of $46.32.

• Fastenal Stock Pulls Back in October—Is It Time to Buy FAST?

Check Out Our Latest Report on Fastenal

Fastenal Stock Down 0.6%

NASDAQ FAST opened at $40.15 on Tuesday. Fastenal Company has a fifty-two week low of $35.31 and a fifty-two week high of $50.63. The stock has a market cap of $46.09 billion, a PE ratio of 37.52, a P/E/G ratio of 3.75 and a beta of 0.92. The company has a quick ratio of 2.19, a current ratio of 4.26 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average price of $43.06 and a two-hundred day moving average price of $44.42.

• Fastenal Surges After Earnings Beat, Tariff Risks Loom

Fastenal (NASDAQ:FAST - Get Free Report) last issued its quarterly earnings results on Tuesday, October 14th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.01). Fastenal had a return on equity of 32.69% and a net margin of 15.34%.The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the firm posted $0.26 EPS. The firm's quarterly revenue was up 11.7% on a year-over-year basis. As a group, sell-side analysts predict that Fastenal Company will post 2.15 EPS for the current fiscal year.

Fastenal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Tuesday, October 28th were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, October 28th. This represents a $0.88 annualized dividend and a yield of 2.2%. Fastenal's dividend payout ratio (DPR) is 82.24%.

Insider Transactions at Fastenal

In other news, Director Sarah N. Nielsen purchased 1,000 shares of Fastenal stock in a transaction dated Wednesday, November 19th. The stock was bought at an average price of $39.60 per share, with a total value of $39,600.00. Following the completion of the acquisition, the director owned 5,000 shares in the company, valued at $198,000. The trade was a 25.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hsenghung Sam Hsu acquired 1,000 shares of the firm's stock in a transaction that occurred on Thursday, November 13th. The stock was acquired at an average cost of $49.58 per share, with a total value of $49,580.00. Following the completion of the acquisition, the director directly owned 10,000 shares in the company, valued at approximately $495,800. This represents a 11.11% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders bought 3,000 shares of company stock worth $131,630. Insiders own 0.37% of the company's stock.

Fastenal Company 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.

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