Hantz Financial Services Inc. Sells 40,182 Shares of Fastenal Company $FAST

Hantz Financial Services Inc. lowered its stake in Fastenal Company (NASDAQ:FAST) by 26.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 110,884 shares of the company’s stock after selling 40,182 shares during the quarter. Hantz Financial Services Inc.’s holdings in Fastenal were worth $4,450,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Jefferies Financial Group Inc. increased its stake in shares of Fastenal by 148.4% in the 4th quarter. Jefferies Financial Group Inc. now owns 44,923 shares of the company’s stock valued at $1,803,000 after acquiring an additional 26,835 shares in the last quarter. MQS Management LLC bought a new stake in Fastenal during the 4th quarter valued at $726,000. EverSource Wealth Advisors LLC increased its stake in Fastenal by 19.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 8,601 shares of the company’s stock valued at $345,000 after purchasing an additional 1,403 shares in the last quarter. RD Lewis Holdings Inc. increased its stake in Fastenal by 14.9% during the 4th quarter. RD Lewis Holdings Inc. now owns 26,629 shares of the company’s stock valued at $1,069,000 after purchasing an additional 3,450 shares in the last quarter. Finally, FourThought Financial Partners LLC bought a new stake in Fastenal during the 4th quarter valued at $248,000. Institutional investors own 81.38% of the company’s stock.

Insider Activity

In other news, Director Reyne K. Wisecup sold 36,920 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $47.34, for a total value of $1,747,792.80. Following the completion of the sale, the director owned 40,000 shares in the company, valued at $1,893,600. This represents a 48.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.28% of the stock is currently owned by insiders.

Fastenal Stock Performance

NASDAQ FAST opened at $43.94 on Tuesday. Fastenal Company has a 1 year low of $38.97 and a 1 year high of $50.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.39 and a quick ratio of 2.34. The firm has a market cap of $50.44 billion, a price-to-earnings ratio of 38.54, a PEG ratio of 2.80 and a beta of 0.75. The company has a fifty day moving average price of $45.04 and a 200-day moving average price of $43.75.

Fastenal (NASDAQ:FAST) last posted its earnings results on Monday, April 13th. The company reported $0.30 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.30. Fastenal had a net margin of 15.39% and a return on equity of 33.25%. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the prior year, the business posted $0.52 EPS. The business’s revenue was up 12.4% compared to the same quarter last year. As a group, equities research analysts predict that Fastenal Company will post 1.23 EPS for the current fiscal year.

Fastenal Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Tuesday, April 28th will be paid a $0.24 dividend. The ex-dividend date is Tuesday, April 28th. This represents a $0.96 annualized dividend and a dividend yield of 2.2%. Fastenal’s dividend payout ratio is presently 84.21%.

Analysts Set New Price Targets

A number of brokerages have commented on FAST. Benchmark restated a “buy” rating on shares of Fastenal in a research note on Thursday, March 5th. JPMorgan Chase & Co. boosted their price target on shares of Fastenal from $46.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Weiss Ratings restated a “buy (b-)” rating on shares of Fastenal in a research note on Friday, March 27th. Morgan Stanley restated a “positive” rating and set a $45.00 price target on shares of Fastenal in a research note on Thursday, March 5th. Finally, Raymond James Financial set a $48.00 price target on shares of Fastenal in a research note on Thursday, March 5th. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Fastenal presently has a consensus rating of “Hold” and a consensus target price of $49.77.

Fastenal Profile

Fastenal (NASDAQ: FAST) 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.

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.