E. Ohman J or Asset Management AB Has $1.80 Million Stock Holdings in Fastenal (NASDAQ:FAST)

E. Ohman J or Asset Management AB grew its position in shares of Fastenal (NASDAQ:FAST) by 11.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,000 shares of the company’s stock after buying an additional 2,500 shares during the period. E. Ohman J or Asset Management AB’s holdings in Fastenal were worth $1,798,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Czech National Bank raised its stake in Fastenal by 6.9% in the 3rd quarter. Czech National Bank now owns 116,654 shares of the company’s stock worth $8,331,000 after purchasing an additional 7,559 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Fastenal by 24.1% in the third quarter. GAMMA Investing LLC now owns 15,041 shares of the company’s stock valued at $1,074,000 after buying an additional 2,922 shares in the last quarter. Fulton Bank N.A. boosted its stake in shares of Fastenal by 1.1% in the third quarter. Fulton Bank N.A. now owns 30,273 shares of the company’s stock valued at $2,162,000 after buying an additional 341 shares during the period. Bridge Creek Capital Management LLC boosted its stake in shares of Fastenal by 0.5% in the third quarter. Bridge Creek Capital Management LLC now owns 80,223 shares of the company’s stock valued at $5,730,000 after buying an additional 410 shares during the period. Finally, Atomi Financial Group Inc. grew its position in Fastenal by 61.5% during the third quarter. Atomi Financial Group Inc. now owns 5,180 shares of the company’s stock worth $370,000 after buying an additional 1,972 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Insider Buying and Selling

In other news, VP Charles S. Miller sold 23,480 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $83.92, for a total transaction of $1,970,441.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel L. Johnson sold 8,474 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $83.36, for a total transaction of $706,392.64. Following the completion of the sale, the director now directly owns 10,595 shares in the company, valued at approximately $883,199.20. This represents a 44.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 63,772 shares of company stock worth $5,365,455 in the last ninety days. Company insiders own 0.41% of the company’s stock.

Fastenal Stock Down 0.7 %

Shares of NASDAQ:FAST opened at $73.19 on Wednesday. Fastenal has a 52-week low of $61.36 and a 52-week high of $84.88. The company has a market capitalization of $41.93 billion, a PE ratio of 36.41, a price-to-earnings-growth ratio of 3.48 and a beta of 1.02. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.28 and a current ratio of 4.67. The company has a fifty day moving average of $76.23 and a 200-day moving average of $73.82.

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

Fastenal Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, January 31st will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Friday, January 31st. This is a positive change from Fastenal’s previous quarterly dividend of $0.39. Fastenal’s dividend payout ratio (DPR) is 85.57%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Hsbc Global Res downgraded Fastenal from a “hold” rating to a “moderate sell” rating in a research report on Wednesday, December 11th. Morgan Stanley increased their price objective on shares of Fastenal from $72.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Monday, October 14th. HSBC cut shares of Fastenal from a “hold” rating to a “reduce” rating and set a $70.00 target price for the company. in a research report on Wednesday, December 11th. Stifel Nicolaus reduced their price target on shares of Fastenal from $86.00 to $82.00 and set a “hold” rating on the stock in a research report on Tuesday, January 21st. Finally, UBS Group began coverage on shares of Fastenal in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $88.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $76.91.

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.