XTX Topco Ltd Takes $542,000 Position in Fastenal Company (NASDAQ:FAST)

XTX Topco Ltd purchased a new stake in shares of Fastenal Company (NASDAQ:FAST - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,986 shares of the company's stock, valued at approximately $542,000.

Several other institutional investors also recently bought and sold shares of FAST. Horizon Financial Services LLC raised its stake in shares of Fastenal by 5,330.0% in the 1st quarter. Horizon Financial Services LLC now owns 543 shares of the company's stock valued at $42,000 after acquiring an additional 533 shares in the last quarter. Itau Unibanco Holding S.A. grew its holdings in Fastenal by 481.9% during the fourth quarter. Itau Unibanco Holding S.A. now owns 611 shares of the company's stock valued at $44,000 after purchasing an additional 506 shares during the last quarter. TruNorth Capital Management LLC bought a new stake in shares of Fastenal during the 1st quarter worth $57,000. Golden State Wealth Management LLC grew its stake in Fastenal by 5,661.5% in the 1st quarter. Golden State Wealth Management LLC now owns 749 shares of the company's stock valued at $58,000 after buying an additional 736 shares during the last quarter. Finally, Close Asset Management Ltd raised its holdings in Fastenal by 156.4% in the 1st quarter. Close Asset Management Ltd now owns 800 shares of the company's stock worth $62,000 after acquiring an additional 488 shares during the period. 81.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Fastenal

In other Fastenal news, EVP John Lewis Soderberg sold 32,724 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $41.23, for a total transaction of $1,349,046.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Sheryl Ann Lisowski sold 21,052 shares of the business's stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $45.21, for a total transaction of $951,760.92. Following the completion of the sale, the chief financial officer owned 10,192 shares in the company, valued at $460,780.32. This represents a 67.38% decrease in their position. The disclosure for this sale can be found here. 0.37% of the stock is owned by insiders.

Fastenal Stock Performance

Fastenal stock traded up $0.51 on Friday, hitting $47.99. The company's stock had a trading volume of 5,069,335 shares, compared to its average volume of 6,683,408. The company has a fifty day moving average price of $43.82 and a 200-day moving average price of $40.51. The firm has a market cap of $55.08 billion, a P/E ratio of 46.14, a price-to-earnings-growth ratio of 4.26 and a beta of 0.95. Fastenal Company has a one year low of $32.04 and a one year high of $48.38. The company has a quick ratio of 2.12, a current ratio of 4.22 and a debt-to-equity ratio of 0.03.

Fastenal (NASDAQ:FAST - Get Free Report) last posted its earnings results on Monday, July 14th. The company reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. The business had revenue of $2.08 billion for the quarter, compared to analysts' expectations of $2.07 billion. Fastenal had a net margin of 15.30% and a return on equity of 32.33%. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 earnings per share. On average, equities analysts anticipate that Fastenal Company will post 2.15 earnings per share for the current year.

Fastenal Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Tuesday, July 29th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, July 29th. This represents a $0.88 annualized dividend and a yield of 1.8%. Fastenal's payout ratio is currently 84.62%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FAST shares. Stifel Nicolaus set a $82.00 price target on shares of Fastenal in a report on Thursday, July 3rd. Wolfe Research reaffirmed a "positive" rating on shares of Fastenal in a report on Monday, July 14th. Baird R W upgraded Fastenal from a "hold" rating to a "strong-buy" rating in a report on Thursday. Stephens boosted their target price on shares of Fastenal from $40.00 to $45.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Finally, Morgan Stanley set a $40.00 target price on shares of Fastenal and gave the company an "equal weight" rating in a research note on Thursday, July 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $46.36.

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.