Guardian Wealth Advisors LLC Has $501,000 Holdings in Fastenal Company $FAST

Guardian Wealth Advisors LLC raised its position in shares of Fastenal Company (NASDAQ:FAST) by 238.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 11,922 shares of the company’s stock after buying an additional 8,395 shares during the period. Guardian Wealth Advisors LLC’s holdings in Fastenal were worth $501,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC purchased a new stake in shares of Fastenal in the 4th quarter valued at approximately $496,000. GAMMA Investing LLC grew its position in Fastenal by 11.4% during the 1st quarter. GAMMA Investing LLC now owns 21,847 shares of the company’s stock worth $1,694,000 after purchasing an additional 2,240 shares in the last quarter. Golden State Wealth Management LLC raised its stake in Fastenal by 5,661.5% during the 1st quarter. Golden State Wealth Management LLC now owns 749 shares of the company’s stock valued at $58,000 after purchasing an additional 736 shares during the period. Perigon Wealth Management LLC lifted its holdings in shares of Fastenal by 223.0% in the first quarter. Perigon Wealth Management LLC now owns 9,715 shares of the company’s stock valued at $753,000 after purchasing an additional 6,707 shares in the last quarter. Finally, Pure Financial Advisors LLC acquired a new stake in shares of Fastenal in the first quarter worth $231,000. 81.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fastenal

In other Fastenal news, Director Hsenghung Sam Hsu bought 1,000 shares of the stock in a transaction on Thursday, October 16th. The shares were purchased at an average cost of $42.45 per share, with a total value of $42,450.00. Following the completion of the transaction, the director directly owned 9,000 shares of the company’s stock, valued at $382,050. This represents a 12.50% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John Lewis Soderberg sold 34,612 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $48.03, for a total value of $1,662,414.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 90,178 shares of company stock valued at $4,336,603. Corporate insiders own 0.37% of the company’s stock.

Fastenal Trading Down 0.3%

Shares of NASDAQ FAST opened at $42.87 on Friday. The stock has a market cap of $49.22 billion, a price-to-earnings ratio of 40.07, a PEG ratio of 3.91 and a beta of 0.94. The business has a 50 day simple moving average of $47.27 and a 200 day simple moving average of $44.25. Fastenal Company has a 52 week low of $35.31 and a 52 week high of $50.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.19 and a current ratio of 4.26.

Fastenal (NASDAQ:FAST) last issued its quarterly earnings data on Monday, October 13th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.13 billion. Fastenal had a net margin of 15.34% and a return on equity of 32.69%. Fastenal’s revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.26 EPS. On average, research analysts predict that Fastenal Company will post 2.15 earnings per share for the current fiscal year.

Fastenal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Tuesday, October 28th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, October 28th. Fastenal’s payout ratio is presently 82.24%.

Wall Street Analyst Weigh In

FAST has been the topic of a number of research analyst reports. Robert W. Baird lowered their price target on Fastenal from $53.00 to $49.00 and set an “outperform” rating on the stock in a report on Tuesday, October 14th. Barclays set a $45.00 target price on Fastenal and gave the company an “equal weight” rating in a research note on Tuesday, October 14th. Northcoast Research assumed coverage on shares of Fastenal in a research report on Thursday, August 21st. They issued a “neutral” rating for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Fastenal in a research report on Saturday. Finally, Morgan Stanley set a $40.00 price objective on shares of Fastenal and gave the company an “equal weight” rating in a research note on Thursday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $46.50.

Fastenal 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.