Quantum Capital Management LLC NJ Cuts Stock Holdings in Fastenal Company $FAST

Quantum Capital Management LLC NJ decreased its holdings in Fastenal Company (NASDAQ:FAST) by 1.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 953,546 shares of the company’s stock after selling 13,203 shares during the period. Fastenal comprises approximately 5.7% of Quantum Capital Management LLC NJ’s holdings, making the stock its 8th largest holding. Quantum Capital Management LLC NJ owned approximately 0.08% of Fastenal worth $44,245,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. State Street Corp increased its stake in Fastenal by 1.2% in the 4th quarter. State Street Corp now owns 54,734,674 shares of the company’s stock worth $2,196,502,000 after buying an additional 631,889 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Fastenal by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 47,297,047 shares of the company’s stock valued at $1,898,031,000 after buying an additional 919,158 shares in the last quarter. Geode Capital Management LLC boosted its position in Fastenal by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 37,699,836 shares of the company’s stock valued at $1,508,216,000 after buying an additional 685,047 shares during the period. Invesco Ltd. boosted its position in Fastenal by 14.0% in the 3rd quarter. Invesco Ltd. now owns 18,215,875 shares of the company’s stock valued at $893,307,000 after buying an additional 2,242,116 shares during the period. Finally, Norges Bank purchased a new stake in Fastenal in the 4th quarter valued at about $646,046,000. 81.38% of the stock is currently owned by institutional investors.

Key Fastenal News

Here are the key news stories impacting Fastenal this week:

• Positive Sentiment: Fastenal’s dividend profile is drawing interest as the company was highlighted among high-yield, stable cash flow names, reinforcing its appeal for income-focused investors. Article Title
• Positive Sentiment: Recent coverage says Fastenal is extending industrial sales growth through contract wins and digital tools, suggesting its business model is still gaining traction. Article Title
• Positive Sentiment: The company’s dividend increase and links to data-center-driven demand add to the bullish case, with investors viewing Fastenal as a beneficiary of long-term industrial infrastructure spending. Article Title
• Neutral Sentiment: Analysts are offering mixed views, with one note focusing on whether Fastenal’s premium valuation is justified by growth and execution. Article Title
• Neutral Sentiment: Investors are also watching the Q2 2026 earnings call transcript for guidance on margins, demand trends, and management’s outlook. Article Title
• Neutral Sentiment: Fastenal’s international revenue mix is being reviewed as a factor that could affect stability and future growth, but the impact is more analytical than immediately market-moving. Article Title
• Negative Sentiment: Several reports warn that margin pressure and rising costs remain a key risk, which could limit upside if growth slows. Article Title
• Negative Sentiment: Another note said Fastenal’s stock has been lagging some peers, indicating recent relative underperformance versus competitors. Article Title

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on FAST shares. Bank of America raised their target price on shares of Fastenal from $48.00 to $55.00 in a research report on Monday, April 13th. Jefferies Financial Group reiterated a “buy” rating on shares of Fastenal in a report on Thursday, June 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Fastenal in a research note on Wednesday, July 8th. Wolfe Research restated an “underperform” rating and set a $47.00 price objective on shares of Fastenal in a report on Thursday, July 9th. Finally, Barclays decreased their target price on Fastenal from $47.00 to $46.00 and set an “equal weight” rating for the company in a research report on Thursday, July 16th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $48.83.

Fastenal Stock Up 0.7%

Shares of Fastenal stock opened at $45.33 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.18 and a quick ratio of 2.21. The stock has a market cap of $52.02 billion, a price-to-earnings ratio of 38.42, a PEG ratio of 2.82 and a beta of 0.72. The firm’s 50-day moving average is $45.81 and its two-hundred day moving average is $45.30. Fastenal Company has a 1 year low of $38.97 and a 1 year high of $50.63.

Fastenal (NASDAQ:FAST) last posted its quarterly earnings results on Tuesday, July 14th. The company reported $0.33 EPS for the quarter, meeting the consensus estimate of $0.33. Fastenal had a net margin of 15.45% and a return on equity of 34.03%. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the previous year, the business posted $0.29 EPS. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, research analysts expect that Fastenal Company will post 1.25 earnings per share for the current fiscal year.

Fastenal Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Tuesday, July 28th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.3%. This is a positive change from Fastenal’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Tuesday, July 28th. Fastenal’s payout ratio is presently 81.36%.

About Fastenal

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.