Xponance Inc. Has $8.73 Million Stock Holdings in Fastenal (NASDAQ:FAST)

Xponance Inc. lifted its stake in Fastenal (NASDAQ:FAST) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 121,392 shares of the company’s stock after acquiring an additional 210 shares during the quarter. Xponance Inc.’s holdings in Fastenal were worth $8,729,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. King Luther Capital Management Corp increased its stake in shares of Fastenal by 1.6% in the third quarter. King Luther Capital Management Corp now owns 8,664 shares of the company’s stock worth $619,000 after acquiring an additional 136 shares during the last quarter. HB Wealth Management LLC increased its stake in shares of Fastenal by 1.2% in the fourth quarter. HB Wealth Management LLC now owns 11,674 shares of the company’s stock worth $840,000 after acquiring an additional 142 shares during the last quarter. Cozad Asset Management Inc. increased its stake in shares of Fastenal by 5.5% in the fourth quarter. Cozad Asset Management Inc. now owns 2,985 shares of the company’s stock worth $215,000 after acquiring an additional 155 shares during the last quarter. Checchi Capital Advisers LLC increased its stake in shares of Fastenal by 2.4% in the fourth quarter. Checchi Capital Advisers LLC now owns 7,008 shares of the company’s stock worth $504,000 after acquiring an additional 164 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of Fastenal by 8.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,038 shares of the company’s stock worth $147,000 after acquiring an additional 166 shares during the last quarter. 81.38% of the stock is owned by institutional investors and hedge funds.

Fastenal Stock Up 0.0 %

FAST stock opened at $76.09 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.67 and a quick ratio of 2.28. Fastenal has a 52-week low of $61.36 and a 52-week high of $84.88. The company has a 50-day moving average of $74.90 and a two-hundred day moving average of $75.46. The stock has a market capitalization of $43.63 billion, a price-to-earnings ratio of 37.86, a price-to-earnings-growth ratio of 3.58 and a beta of 1.05.

Fastenal (NASDAQ:FAST) last released its earnings results on Friday, January 17th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02). Fastenal had a net margin of 15.25% and a return on equity of 32.55%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the business posted $0.46 EPS. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, equities research analysts anticipate that Fastenal will post 2.15 EPS for the current year.

Fastenal Increases Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Friday, January 31st. This is a boost from Fastenal’s previous quarterly dividend of $0.39. Fastenal’s dividend payout ratio (DPR) is presently 85.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on FAST shares. Wolfe Research upped their price objective on shares of Fastenal from $74.00 to $76.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. Hsbc Global Res cut shares of Fastenal from a “hold” rating to a “moderate sell” rating in a report on Wednesday, December 11th. 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 report on Wednesday, December 11th. Jefferies Financial Group upped their price objective on shares of Fastenal from $74.00 to $85.00 and gave the stock a “hold” rating in a report on Friday, December 6th. Finally, Stifel Nicolaus decreased their price objective on shares of Fastenal from $86.00 to $82.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. Two research 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 data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $76.91.

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.