<div id="readability-page-1"><p>ASR Vermogensbeheer N.V. boosted its stake in  Fastenal Company (NASDAQ:FAST - Free Report) by 429.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 631,184 shares of the company's stock after purchasing an additional 512,044 shares during the period. ASR Vermogensbeheer N.V. owned about 0.05% of Fastenal worth $25,329,000 at the end of the most recent reporting period.</p><ul><li>Fastenal Stock Slips After Earnings: 5 Reasons To Buy the Dip </li></ul><p>Other large investors have also bought and sold shares of the company. REAP Financial Group LLC purchased a new position in  Fastenal in the 3rd quarter worth approximately $30,000.  Field &amp; Main Bank purchased a new position in  Fastenal in the 4th quarter worth approximately $30,000.  First Horizon Corp purchased a new position in  Fastenal in the 3rd quarter worth approximately $33,000.  Manning &amp; Napier Advisors LLC purchased a new position in  Fastenal in the 3rd quarter worth approximately $35,000.  Finally, Tradewinds Capital Management LLC purchased a new position in  Fastenal in the 4th quarter worth approximately $35,000. 81.38% of the stock is owned by hedge funds and other institutional investors. </p><h2>Analyst Upgrades and Downgrades</h2><p>A number of equities analysts have commented on FAST shares. Bank of America lifted their price target on Fastenal from $48.00 to $55.00 in a research note on Monday, April 13th. Benchmark  reiterated a &#34;buy&#34; rating on shares of Fastenal in a research report on Thursday, March 5th. Morgan Stanley  reiterated a &#34;positive&#34; rating and issued a $45.00 price objective on shares of Fastenal in a research report on Thursday, March 5th. Raymond James Financial  set a $48.00 price objective on Fastenal in a research report on Thursday, March 5th. Finally, Robert W. Baird cut their price objective on Fastenal from $52.00 to $50.00 and set an &#34;outperform&#34; rating on the stock in a research report on Tuesday, April 14th. Five equities research analysts have rated the stock with a Buy rating, six have issued  a Hold rating and two have issued  a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of &#34;Hold&#34; and an average price target of $49.77.</p><ul><li>The Hidden Value in Genuine Parts Company’s Spin-Off Plan</li></ul><p><b>View Our Latest Research Report on Fastenal</b></p><h2>Insiders Place Their Bets</h2><p>In related news, Director Reyne K. Wisecup sold 36,920 shares of the company's stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $47.34, for a total value of $1,747,792.80. Following the sale, the director directly owned 40,000 shares of the company's stock, valued at $1,893,600. This represents a 48.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available at this link. 0.28% of the stock is currently owned by insiders. </p><h2>Fastenal Price Performance</h2><ul><li>MarketBeat Week in Review – 01/19 - 01/23</li></ul><p>Shares of FAST stock opened at $44.36 on Friday. The stock has a market cap of $50.93 billion, a price-to-earnings ratio of 38.91, a PEG ratio of 2.85 and a beta of 0.75. The business's fifty day moving average is $45.63 and its 200 day moving average is $43.62. Fastenal Company has a twelve month low of $38.97 and a twelve month high of $50.63. The company has a quick ratio of 2.34, a current ratio of 4.39 and a debt-to-equity ratio of 0.03. </p><p>Fastenal (NASDAQ:FAST - Get Free Report) last issued its quarterly earnings results on Monday, April 13th. The company reported $0.30 earnings per share for the quarter, hitting the consensus estimate of $0.30. The company had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.19 billion. Fastenal had a return on equity of 33.25% and a net margin of 15.39%.The firm's revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 earnings per share.  Research analysts expect that  Fastenal Company will post 1.23 EPS for the current fiscal year. </p><h2>Fastenal Announces Dividend</h2><p>The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Tuesday, April 28th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, April 28th. Fastenal's dividend payout ratio  is presently 84.21%. </p><h2>Fastenal Profile</h2> (Free Report)<p>Fastenal <span>NASDAQ: FAST<span></span></span> 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.  </p><p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Fastenal</li></ul><p><strong>Want to see what other hedge funds are holding FAST?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fastenal Company (NASDAQ:FAST - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RkFTVA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RkFTVA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Fastenal Right Now?</h2><p>Before you consider Fastenal, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fastenal wasn't on the list.</p><p>While Fastenal currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

FAST

<p>ASR Vermogensbeheer N.V. increased its stake in Fastenal Company by 429.8% in Q4, owning 631,184 shares valued at $25.3 million. Other investors also acquired shares, with 81.38% of stock held by institutional investors. Analysts have mixed ratings on Fastenal, with an average price target of $49.77. Fastenal reported Q1 earnings of $0.30 per share and a revenue of $2.20 billion, with a dividend of $0.24 declared for May 26. The stock opened at $44.36, with a market cap of $50.93 billion.</p>

Market Beat

Fastenal

First Horizon

Bank of America

Morgan Stanley

Raymond James Financial

Genuine Parts

FIRST HORIZON CORPORATION 6.50% DEP SHS REP 1/4000 PER PFD SER E

FIRST HORIZON CORPORATION DEP SHS REP 1/400 NON CUM PER PFD SER C

FIRST HORIZON CORPORATION DEP SHS REP 1/400 NON CUM PER PFD SER B

FIRST HORIZON CORPORATION DEP SH REP 1/4000 INT NON CUM PFD H WI

FIRST HORIZON CORPORATION DEP SHS REPSTG 1/4000TH PERP PFD SER F

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

RAYMOND JAMES FINANCIAL INC 6.375%DEP SHS REP 1/40TH FXD FLTG SER B

ASR Vermogensbeheer N.V. Increases Stake in Fastenal Company $FAST