Bryn Mawr Capital Management LLC Has $3.09 Million Holdings in Fastenal (NASDAQ:FAST)

Bryn Mawr Capital Management LLC grew its stake in Fastenal (NASDAQ:FAST) by 2.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,667 shares of the company’s stock after buying an additional 1,244 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Fastenal were worth $3,087,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in FAST. Hartford Financial Management Inc. grew its stake in shares of Fastenal by 46.9% in the 4th quarter. Hartford Financial Management Inc. now owns 479 shares of the company’s stock valued at $31,000 after purchasing an additional 153 shares during the period. Empirical Asset Management LLC grew its position in Fastenal by 2.4% during the 4th quarter. Empirical Asset Management LLC now owns 7,212 shares of the company’s stock worth $467,000 after acquiring an additional 171 shares during the last quarter. Berkshire Bank grew its position in Fastenal by 3.1% during the 3rd quarter. Berkshire Bank now owns 5,777 shares of the company’s stock worth $316,000 after acquiring an additional 174 shares during the last quarter. OmniStar Financial Group Inc. grew its position in Fastenal by 1.1% during the 3rd quarter. OmniStar Financial Group Inc. now owns 15,960 shares of the company’s stock worth $873,000 after acquiring an additional 174 shares during the last quarter. Finally, Koshinski Asset Management Inc. grew its position in Fastenal by 3.8% during the 4th quarter. Koshinski Asset Management Inc. now owns 5,075 shares of the company’s stock worth $329,000 after acquiring an additional 186 shares during the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Fastenal Trading Up 0.0 %

Shares of FAST stock traded up $0.03 during trading hours on Friday, reaching $68.17. The company had a trading volume of 2,802,012 shares, compared to its average volume of 4,000,500. The firm has a market cap of $39.03 billion, a price-to-earnings ratio of 33.75, a P/E/G ratio of 3.55 and a beta of 1.05. The company has a 50 day moving average of $73.41 and a 200 day moving average of $66.73. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.83 and a quick ratio of 2.49. Fastenal has a 1-year low of $52.66 and a 1-year high of $79.04.

Fastenal (NASDAQ:FAST) last announced its quarterly earnings data on Thursday, April 11th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.01). The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. Fastenal had a net margin of 15.68% and a return on equity of 33.98%. Fastenal’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 EPS. On average, equities research analysts anticipate that Fastenal will post 2.12 EPS for the current year.

Fastenal Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, April 25th will be paid a $0.39 dividend. The ex-dividend date is Wednesday, April 24th. This represents a $1.56 annualized dividend and a yield of 2.29%. Fastenal’s dividend payout ratio (DPR) is currently 77.23%.

Wall Street Analyst Weigh In

FAST has been the topic of a number of research analyst reports. HSBC increased their price target on Fastenal from $59.00 to $64.00 and gave the stock a “hold” rating in a research report on Monday, April 15th. Loop Capital decreased their price target on Fastenal from $71.00 to $66.00 and set a “hold” rating on the stock in a research report on Monday, April 15th. Robert W. Baird decreased their price target on Fastenal from $77.00 to $71.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. Finally, Stifel Nicolaus upped their price objective on Fastenal from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Fastenal presently has an average rating of “Hold” and a consensus price target of $67.67.

Insider Activity at Fastenal

In related news, EVP Anthony Paul Broersma sold 5,586 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $69.34, for a total value of $387,333.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Anthony Paul Broersma sold 5,586 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $69.34, for a total value of $387,333.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffery Michael Watts sold 19,420 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $70.25, for a total transaction of $1,364,255.00. Following the sale, the insider now owns 5,940 shares of the company’s stock, valued at $417,285. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,082 shares of company stock worth $2,584,060. Insiders own 0.41% of the company’s stock.

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.