B & T Capital Management DBA Alpha Capital Management Has $4.86 Million Position in Fastenal (NASDAQ:FAST)

B & T Capital Management DBA Alpha Capital Management cut its position in Fastenal (NASDAQ:FAST) by 1.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 67,548 shares of the company’s stock after selling 942 shares during the quarter. B & T Capital Management DBA Alpha Capital Management’s holdings in Fastenal were worth $4,857,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FAST. Ashton Thomas Securities LLC acquired a new stake in Fastenal during the 3rd quarter worth approximately $25,000. Knuff & Co LLC acquired a new position in shares of Fastenal during the third quarter worth $27,000. Moisand Fitzgerald Tamayo LLC grew its stake in shares of Fastenal by 1,019.0% in the third quarter. Moisand Fitzgerald Tamayo LLC now owns 470 shares of the company’s stock worth $34,000 after purchasing an additional 428 shares during the last quarter. First Personal Financial Services acquired a new stake in Fastenal in the third quarter valued at $36,000. Finally, CVA Family Office LLC raised its position in Fastenal by 51.0% during the 3rd quarter. CVA Family Office LLC now owns 533 shares of the company’s stock worth $38,000 after purchasing an additional 180 shares during the last quarter. 81.38% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Daniel L. Johnson sold 8,474 shares of the firm’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 of the company’s stock, valued at $883,199.20. This trade represents a 44.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Charles S. Miller sold 23,480 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $83.92, for a total transaction of $1,970,441.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 74,660 shares of company stock valued at $6,211,126. Corporate insiders own 0.41% of the company’s stock.

Fastenal Price Performance

Shares of NASDAQ FAST opened at $76.08 on Friday. The stock has a market cap of $43.59 billion, a price-to-earnings ratio of 37.85, a PEG ratio of 3.94 and a beta of 1.02. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.29 and a current ratio of 4.40. Fastenal has a fifty-two week low of $61.36 and a fifty-two week high of $84.88. The firm’s 50-day simple moving average is $77.92 and its 200 day simple moving average is $72.93.

Fastenal (NASDAQ:FAST) last announced its earnings results on Friday, January 17th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.02). The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1,842,560.16 billion. Fastenal had a net margin of 15.44% and a return on equity of 33.30%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 EPS. As a group, research analysts anticipate that Fastenal will post 2.03 earnings per share for the current fiscal year.

Fastenal Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, January 31st will be issued a dividend of $0.43 per share. This is a boost from Fastenal’s previous quarterly dividend of $0.39. This represents a $1.72 annualized dividend and a yield of 2.26%. Fastenal’s payout ratio is 77.61%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Robert W. Baird upped their target price on Fastenal from $67.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Jefferies Financial Group increased their price objective on shares of Fastenal from $74.00 to $85.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. Hsbc Global Res lowered shares of Fastenal from a “hold” rating to a “moderate sell” rating in a report on Wednesday, December 11th. Stephens increased their price target on Fastenal from $56.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, October 14th. Finally, UBS Group assumed coverage on Fastenal in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $88.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $77.27.

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.