Fastenal Company (FAST) : Integrated Investment Consultants scooped up 80 additional shares in Fastenal Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 7,515 shares of Fastenal Company which is valued at $288,125.Fastenal Company makes up approximately 0.15% of Integrated Investment Consultants’s portfolio.
Other Hedge Funds, Including , National Pension Service boosted its stake in FAST in the latest quarter, The investment management firm added 18,476 additional shares and now holds a total of 216,335 shares of Fastenal Company which is valued at $8,294,284. Fastenal Company makes up approx 0.07% of National Pension Service’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in FAST in the latest quarter, The investment management firm added 30,563 additional shares and now holds a total of 108,396 shares of Fastenal Company which is valued at $4,565,640. Fastenal Company makes up approx 0.10% of Oregon Public Employees Retirement Fund’s portfolio.Chevy Chase Trust Holdings reduced its stake in FAST by selling 5,648 shares or 2.29% in the most recent quarter. The Hedge Fund company now holds 241,193 shares of FAST which is valued at $10,108,399. Fastenal Company makes up approx 0.06% of Chevy Chase Trust Holdings’s portfolio.Washington Trust Bank boosted its stake in FAST in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 2,765 shares of Fastenal Company which is valued at $115,881. Fastenal Company makes up approx 0.03% of Washington Trust Bank’s portfolio.
Fastenal Company (FAST) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $38.13 and reached the intraday high at $38.635. The bulls started the profit booking and pushed the shares to intraday low of $37.7. The trading session was marked by a volume range of 33,68,025 shares exchanging hands. The 52-week high of the shares is $49.99 and the 52-week low is $35.1001. The market cap of the company stands at $11,079 M and there are 28,89,65,950 shares in public circulation.
On the company’s financial health, Fastenal Company reported $0.44 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Oct 11, 2016. Analyst had a consensus of $0.45. The company had revenue of $1013.10 million for the quarter, compared to analysts expectations of $1012.46 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.
Investors should note that on Oct 10, 2016, Fastenal Company announced a cash dividend of $0.3000. The company’s management has announced Oct 21, 2016 as the ex-dividend date and fixed the record date on Oct 25, 2016. The payable date has been fixed on Nov 22, 2016.
Many Wall Street Analysts have commented on Fastenal Company. Fastenal Company was Downgraded by Argus to ” Hold” on Oct 14, 2016. Macquarie Initiated Fastenal Company on Aug 26, 2016 to “Neutral”, Price Target of the shares are set at $50.
Fastenal Company sells industrial and construction supplies to end-users (business-to-business) and also has some walk-in retail business. The Company’s product offerings include fasteners and other industrial and construction supplies many of which are sold under the Fastenal product name. The Company’s product line which it refers to as the fastener product line consists of two categories: threaded fasteners such as bolts nuts screws studs and related washers and miscellaneous supplies and hardware such as various pins and machinery keys concrete anchors metal framing systems wire rope strut rivets and related accessories. The Company’s product line includes fasteners cutting tools tools hydraulics and pneumatics material handling janitorial supplies electrical supplies welding supplies safety supplies metals direct ship and office supplies. It operates approximately 14 distribution centers in North America.