Fiduciary Financial Group LLC Has $257,000 Stock Holdings in Fastenal (NASDAQ:FAST)

Fiduciary Financial Group LLC lessened its position in shares of Fastenal (NASDAQ:FAST) by 7.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,588 shares of the company’s stock after selling 285 shares during the quarter. Fiduciary Financial Group LLC’s holdings in Fastenal were worth $257,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in FAST. Ashton Thomas Securities LLC acquired a new position in Fastenal in the third quarter valued at about $25,000. Knuff & Co LLC acquired a new position in Fastenal in the third quarter valued at about $27,000. Moisand Fitzgerald Tamayo LLC lifted its stake in Fastenal by 1,019.0% in the third quarter. Moisand Fitzgerald Tamayo LLC now owns 470 shares of the company’s stock valued at $34,000 after buying an additional 428 shares during the period. First Personal Financial Services acquired a new position in Fastenal in the third quarter valued at about $36,000. Finally, CVA Family Office LLC lifted its stake in Fastenal by 51.0% in the third quarter. CVA Family Office LLC now owns 533 shares of the company’s stock valued at $38,000 after buying an additional 180 shares during the period. Institutional investors and hedge funds own 81.38% of the company’s stock.

Fastenal Stock Up 0.7 %

NASDAQ:FAST opened at $74.27 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.29 and a current ratio of 4.40. The company has a market cap of $42.55 billion, a PE ratio of 36.95, a PEG ratio of 4.64 and a beta of 1.02. Fastenal has a 52-week low of $61.36 and a 52-week high of $84.88. The stock has a 50-day simple moving average of $78.41 and a 200 day simple moving average of $72.81.

Analyst Ratings Changes

Several research firms have weighed in on FAST. JPMorgan Chase & Co. increased their target price on Fastenal from $57.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Morgan Stanley increased their target price on Fastenal from $72.00 to $76.00 and gave the company an “equal weight” rating in a research note on Monday, October 14th. Jefferies Financial Group increased their price target on Fastenal from $74.00 to $85.00 and gave the stock a “hold” rating in a report on Friday, December 6th. HSBC downgraded Fastenal from a “hold” rating to a “reduce” rating and set a $70.00 price target for the company. in a report on Wednesday, December 11th. Finally, UBS Group began coverage on Fastenal in a report on Wednesday, November 13th. They issued a “neutral” rating and a $88.00 price target for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $77.40.

Insider Buying and Selling

In other Fastenal news, Director Rita J. Heise sold 10,888 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $77.67, for a total value of $845,670.96. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at $1,553,400. This trade represents a 35.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Charles S. Miller sold 23,480 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $83.92, for a total value of $1,970,441.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 74,660 shares of company stock worth $6,211,126. 0.41% of the stock is owned by corporate insiders.

About Fastenal

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.