Fastenal (FAST) News Today

Natixis decreased its position in Fastenal (NASDAQ:FAST - Free Report) by 48.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,231 shares of the company's stock after selling 18,134 shares during the period. Natixis

CANADA LIFE ASSURANCE Co reduced its stake in Fastenal (NASDAQ:FAST - Free Report) by 2.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 922,612 shares of the company's stock after selling 25,956 shares during the period. CANADA LIFE A

Shares of Fastenal (NASDAQ:FAST - Get Free Report) have been assigned an average recommendation of "Hold" from the six analysts that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company.

Vanguard Group Inc. decreased its stake in shares of Fastenal (NASDAQ:FAST - Free Report) by 0.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 70,278,032 shares of the company's stock after selling 58,548 shares during the period.

Mizuho Markets Americas LLC bought a new stake in Fastenal (NASDAQ:FAST - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 153,822 shares of the company's stock, valued at approximately $11,866,000. A number of oth

Stocks took a breather to close the week, but corporate earnings and the next reading on the PCE index will help determine what direction the market moves next

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Fastenal (NASDAQ:FAST - Free Report) by 30.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 798,641 shares of the company's stock

US Bancorp DE cut its holdings in shares of Fastenal (NASDAQ:FAST - Free Report) by 27.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 470,318 shares of the company's stock after selling 179,679 shares

Fastenal's NASDAQ: FAST stock price has been on the rise since it reported earnings on Friday, July 15, 2024. The industrial company's shares have been up 5.7% since then.

Fastenal's share price rose in the days following it earnings release as it showed positive signs on key metrics. However, two analysts lowered price targets.

Empowered Funds LLC grew its stake in shares of Fastenal (NASDAQ:FAST - Free Report) by 205.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,181 shares of the company's stock after acquiring an additional

Susquehanna Portfolio Strategies LLC cut its stake in Fastenal (NASDAQ:FAST - Free Report) by 47.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 218,518 shares of the company's stock after selling 199,124

Oppenheimer Asset Management Inc. lowered its position in Fastenal (NASDAQ:FAST - Free Report) by 20.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 166,222 shares of the company's stock after selling

Fastenal (NASDAQ:FAST) Shares Gap Up After Dividend Announcement

Fastenal (NASDAQ:FAST - Get Free Report) posted its earnings results on Friday. The company reported $0.51 EPS for the quarter, hitting analysts' consensus estimates of $0.51. The business had revenue of $1.92 billion for the quarter, compared to analysts' expectations of $1.91 billion. Fastenal had a return on equity of 33.98% and a net margin of 15.68%. The business's revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 earnings per share.

Fastenal (NASDAQ:FAST) declared a quarterly dividend on Thursday, July 11th. Investors of record on Friday, July 26th will be given a dividend of 0.39 per share on Friday, August 23rd. This represents a $1.56 dividend on an annualized basis and a yield of 2.43%.

Jefferies Financial Group lowered their target price on shares of Fastenal from $74.00 to $65.00 and set a "hold" rating for the company in a report on Thursday.

BI Asset Management Fondsmaeglerselskab A S increased its holdings in Fastenal (NASDAQ:FAST - Free Report) by 98.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,301 shares of the company's stock after acquiring a

Daiwa Securities Group Inc. grew its holdings in shares of Fastenal (NASDAQ:FAST - Free Report) by 11.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 150,310 shares of the company's stock after buying an add

Janney Montgomery Scott LLC increased its stake in shares of Fastenal (NASDAQ:FAST - Free Report) by 66.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 313,518 shares of the company's stock after buyin

Fastenal (NASDAQ:FAST) will be releasing earnings before the market opens on Friday, July 12, Zacks reports. (Register for Conference Call at http://mmm.wallstreethorizon.com/u.asp?u=605148)

Norden Group LLC grew its position in Fastenal (NASDAQ:FAST - Free Report) by 2,451.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,568 shares of the company's stock after buying an additional 1

State of Alaska Department of Revenue cut its position in Fastenal (NASDAQ:FAST - Free Report) by 10.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 101,250 shares of the company's stock after selling 12,300

Cullinan Associates Inc. decreased its stake in Fastenal (NASDAQ:FAST - Free Report) by 56.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,975 shares of the company's stock after selling

Sandy Cove Advisors LLC bought a new position in shares of Fastenal (NASDAQ:FAST - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 11,960 shares of the company's stock, valued at approximately $923,000. Other hedge funds al

AMF Tjanstepension AB reduced its position in shares of Fastenal (NASDAQ:FAST - Free Report) by 31.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,657 shares of the company's

Fastenal (NASDAQ:FAST - Free Report) - Equities research analysts at Zacks Research reduced their Q4 2024 earnings per share estimates for shares of Fastenal in a report issued on Tuesday, June 25th. Zacks Research analyst S. Mukherjee now expects that the company will post earnings of $0.51 per

Fastenal (NASDAQ:FAST - Free Report) - Equities researchers at Zacks Research cut their Q2 2024 earnings estimates for Fastenal in a report released on Tuesday, June 25th. Zacks Research analyst S. Mukherjee now expects that the company will post earnings per share of $0.53 for the quarter, down

Wellington Management Group LLP decreased its position in Fastenal (NASDAQ:FAST - Free Report) by 2.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 538,968 shares of the company's stock after selling 12,301 shares during the qua

Contravisory Investment Management Inc. raised its holdings in Fastenal (NASDAQ:FAST - Free Report) by 1,331.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 117,758 shares of the company's

Banque Cantonale Vaudoise bought a new stake in shares of Fastenal (NASDAQ:FAST - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 14,326 shares of the company's stock, valued at approximately

Nomura Holdings Inc. acquired a new position in Fastenal (NASDAQ:FAST - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,526 shares of the company's stock, valued at approximately $747,000. O