Parkwood LLC raised its position in shares of Fastenal Co. (NASDAQ:FAST) by 16.1% during the second quarter, Holdings Channel reports. The firm owned 97,319 shares of the company’s stock after buying an additional 13,529 shares during the period. Parkwood LLC’s holdings in Fastenal were worth $4,320,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Washington Trust Bank raised its position in shares of Fastenal by 2.3% in the second quarter. Washington Trust Bank now owns 2,762 shares of the company’s stock worth $123,000 after buying an additional 62 shares in the last quarter. Brookstone Capital Management bought a new position in shares of Fastenal during the second quarter worth $204,000. TNB Financial bought a new position in shares of Fastenal during the second quarter worth $233,000. Silvercrest Asset Management Group LLC bought a new position in shares of Fastenal during the first quarter worth $249,000. Finally, Mn Services Vermogensbeheer B.V. bought a new position in shares of Fastenal during the first quarter worth $294,000. Hedge funds and other institutional investors own 82.11% of the company’s stock.
Fastenal Co. (NASDAQ:FAST) traded down 0.27% during mid-day trading on Friday, reaching $40.44. 1,688,600 shares of the company traded hands. Fastenal Co. has a 52-week low of $34.45 and a 52-week high of $49.99. The stock has a 50-day moving average of $42.42 and a 200 day moving average of $44.73. The stock has a market capitalization of $11.69 billion, a PE ratio of 23.11 and a beta of 0.90.
Fastenal (NASDAQ:FAST) last released its quarterly earnings results on Tuesday, July 12th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.48 by $0.03. The business earned $1.01 billion during the quarter. Fastenal had a net margin of 12.91% and a return on equity of 27.83%. Fastenal’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.48 EPS. Equities research analysts expect that Fastenal Co. will post $1.74 earnings per share for the current year.
FAST has been the topic of a number of research reports. Morgan Stanley initiated coverage on shares of Fastenal in a research note on Thursday, July 7th. They issued an “equal weight” rating and a $46.00 price target on the stock. Zacks Investment Research raised shares of Fastenal from a “sell” rating to a “hold” rating in a research note on Tuesday, September 13th. Vetr lowered shares of Fastenal from a “strong-buy” rating to a “hold” rating and set a $42.46 target price on the stock. in a research note on Tuesday, September 6th. Wells Fargo & Co. reissued a “hold” rating on shares of Fastenal in a research note on Sunday, September 4th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $47.00 target price on shares of Fastenal in a research note on Wednesday, July 13th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the company. Fastenal has an average rating of “Hold” and an average price target of $47.44.
Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. The Company distributes these supplies through a network of approximately 2,600 Company-owned stores. The Company sells industrial and construction supplies to end users (business-to-business), and also has a walk-in retail business.
Want to see what other hedge funds are holding FAST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fastenal Co. (NASDAQ:FAST).
Receive News & Ratings for Fastenal Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fastenal Co. and related companies with MarketBeat.com's FREE daily email newsletter.