Yousif Capital Management LLC Has $14.50 Million Position in Fastenal Company $FAST

Yousif Capital Management LLC lowered its holdings in Fastenal Company (NASDAQ:FAST) by 5.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 295,646 shares of the company’s stock after selling 15,859 shares during the period. Yousif Capital Management LLC’s holdings in Fastenal were worth $14,498,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of FAST. Riverview Trust Co lifted its stake in Fastenal by 100.0% in the 2nd quarter. Riverview Trust Co now owns 584 shares of the company’s stock worth $25,000 after acquiring an additional 292 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Fastenal in the 2nd quarter valued at about $27,000. Private Wealth Management Group LLC lifted its position in shares of Fastenal by 111.9% in the second quarter. Private Wealth Management Group LLC now owns 642 shares of the company’s stock worth $27,000 after purchasing an additional 339 shares in the last quarter. Hilltop National Bank acquired a new stake in shares of Fastenal during the second quarter worth approximately $27,000. Finally, Clean Yield Group grew its position in Fastenal by 100.0% during the second quarter. Clean Yield Group now owns 696 shares of the company’s stock valued at $29,000 after purchasing an additional 348 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Insider Buying and Selling at Fastenal

In other news, Director Sarah N. Nielsen bought 1,000 shares of the business’s stock in a transaction on Wednesday, November 19th. The stock was purchased at an average price of $39.60 per share, with a total value of $39,600.00. Following the transaction, the director directly owned 5,000 shares in the company, valued at approximately $198,000. The trade was a 25.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Hsenghung Sam Hsu purchased 1,000 shares of the stock in a transaction dated Thursday, November 13th. The stock was acquired at an average cost of $49.58 per share, for a total transaction of $49,580.00. Following the completion of the transaction, the director owned 10,000 shares of the company’s stock, valued at $495,800. The trade was a 11.11% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 3,000 shares of company stock worth $131,630 in the last quarter. Insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

FAST has been the subject of a number of research analyst reports. Sanford C. Bernstein initiated coverage on shares of Fastenal in a research report on Tuesday, November 11th. They issued an “underperform” rating and a $38.00 target price for the company. JPMorgan Chase & Co. upped their price target on shares of Fastenal from $41.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, September 4th. Jefferies Financial Group set a $52.00 price objective on Fastenal and gave the company a “buy” rating in a research report on Monday, December 15th. Robert W. Baird lowered their target price on Fastenal from $53.00 to $49.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 14th. Finally, Barclays cut their price target on Fastenal from $45.00 to $44.00 and set an “equal weight” rating for the company in a research note on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $48.73.

Key Fastenal News

Here are the key news stories impacting Fastenal this week:

• Positive Sentiment: Board names internal successor — Fastenal announced President Jeff Watts will succeed Dan Florness in July (internal promotion signals continuity of strategy and execution, which markets typically view favorably). Fastenal names Jeff Watts as next CEO
• Positive Sentiment: Analysts cite smooth transition — William Blair and other commentators emphasize the orderly handoff and strategic continuity, underpinning positive analyst views and a Buy stance for some firms. Fastenal: Smooth CEO Transition and Strategic Continuity Underpin Buy Rating
• Neutral Sentiment: Company and major outlets publish transition details — Official filings and press releases outline timing and leadership roles; broad news coverage (Reuters, Yahoo, MarketWatch) gives investors the facts but no operational surprises. Fastenal Announces CEO Transition
• Negative Sentiment: Valuation concerns / downgrade — A published downgrade argues Fastenal is “too expensive” and flags valuation (high P/E, stretched multiples) as a reason to reduce exposure despite the management change. That analyst view may cap upside if others follow. Fastenal Has Gotten Too Expensive (Downgrade)

Fastenal Price Performance

Shares of NASDAQ:FAST opened at $41.75 on Tuesday. The stock has a market capitalization of $47.93 billion, a P/E ratio of 39.02, a P/E/G ratio of 3.39 and a beta of 0.89. The business has a 50-day moving average of $41.31 and a two-hundred day moving average of $44.47. Fastenal Company has a fifty-two week low of $35.31 and a fifty-two week high of $50.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.26 and a quick ratio of 2.19.

Fastenal (NASDAQ:FAST) last issued its quarterly earnings data on Tuesday, October 14th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. Fastenal had a net margin of 15.34% and a return on equity of 32.69%. The firm’s revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 earnings per share. On average, equities research analysts predict that Fastenal Company will post 2.15 EPS for the current fiscal year.

Fastenal Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Tuesday, October 28th were paid a $0.22 dividend. The ex-dividend date was Tuesday, October 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.1%. Fastenal’s dividend payout ratio (DPR) is presently 82.24%.

Fastenal Company 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.