Cozad Asset Management Inc. Has $215,000 Stake in Fastenal (NASDAQ:FAST)

Cozad Asset Management Inc. increased its position in shares of Fastenal (NASDAQ:FAST) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,985 shares of the company’s stock after buying an additional 155 shares during the period. Cozad Asset Management Inc.’s holdings in Fastenal were worth $215,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC increased its holdings in Fastenal by 5.6% during the fourth quarter. Parallel Advisors LLC now owns 13,208 shares of the company’s stock worth $950,000 after buying an additional 704 shares during the last quarter. Cibc World Markets Corp increased its holdings in Fastenal by 14.3% during the fourth quarter. Cibc World Markets Corp now owns 103,083 shares of the company’s stock worth $7,413,000 after buying an additional 12,861 shares during the last quarter. Twin Tree Management LP increased its holdings in Fastenal by 9.1% during the fourth quarter. Twin Tree Management LP now owns 111,955 shares of the company’s stock worth $8,051,000 after buying an additional 9,328 shares during the last quarter. SlateStone Wealth LLC increased its holdings in Fastenal by 3.5% during the fourth quarter. SlateStone Wealth LLC now owns 12,656 shares of the company’s stock worth $910,000 after buying an additional 425 shares during the last quarter. Finally, Harbour Investments Inc. boosted its position in Fastenal by 16.1% during the fourth quarter. Harbour Investments Inc. now owns 16,231 shares of the company’s stock worth $1,167,000 after purchasing an additional 2,251 shares during the period. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FAST has been the subject of a number of research analyst reports. William Blair raised shares of Fastenal from a “market perform” rating to an “outperform” rating in a research report on Monday, March 10th. Stifel Nicolaus reduced their price objective on shares of Fastenal from $86.00 to $82.00 and set a “hold” rating for the company in a research report on Tuesday, January 21st. Wolfe Research lifted their price objective on shares of Fastenal from $74.00 to $76.00 and gave the stock an “underweight” rating in a research report on Thursday, January 16th. Jefferies Financial Group lifted 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. Finally, HSBC cut shares of Fastenal from a “hold” rating to a “reduce” rating and set a $70.00 price objective for the company. in a research report on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Fastenal has a consensus rating of “Hold” and an average price target of $76.91.

Fastenal Trading Up 0.0 %

Shares of Fastenal stock opened at $76.09 on Wednesday. The stock has a market cap of $43.63 billion, a PE ratio of 37.86, a PEG ratio of 3.58 and a beta of 1.05. The firm has a 50-day moving average of $74.90 and a 200-day moving average of $75.46. Fastenal has a 52-week low of $61.36 and a 52-week high of $84.88. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.28 and a current ratio of 4.67.

Fastenal (NASDAQ:FAST) last posted its quarterly earnings results on Friday, January 17th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.84 billion. Fastenal had a net margin of 15.25% and a return on equity of 32.55%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the firm earned $0.46 EPS. As a group, sell-side analysts forecast that Fastenal will post 2.15 EPS for the current year.

Fastenal Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, January 31st were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Friday, January 31st. This is an increase from Fastenal’s previous quarterly dividend of $0.39. Fastenal’s payout ratio is 85.57%.

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.