Hills Bank & Trust Co. Has $5.97 Million Position in Fastenal (NASDAQ:FAST)

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Hills Bank & Trust Co. decreased its holdings in shares of Fastenal (NASDAQ:FAST) by 0.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,693 shares of the company’s stock after selling 1,205 shares during the quarter. Fastenal comprises approximately 1.5% of Hills Bank & Trust Co.’s holdings, making the stock its 17th biggest holding. Hills Bank & Trust Co.’s holdings in Fastenal were worth $5,968,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Cacti Asset Management LLC lifted its holdings in Fastenal by 100.0% in the 2nd quarter. Cacti Asset Management LLC now owns 14,790 shares of the company’s stock worth $476,000 after buying an additional 7,395 shares in the last quarter. First Financial Bank Trust Division lifted its holdings in Fastenal by 113.1% in the 2nd quarter. First Financial Bank Trust Division now owns 142,626 shares of the company’s stock worth $4,648,000 after buying an additional 75,687 shares in the last quarter. Thomasville National Bank raised its stake in shares of Fastenal by 100.0% in the 2nd quarter. Thomasville National Bank now owns 10,500 shares of the company’s stock valued at $342,000 after purchasing an additional 5,250 shares in the last quarter. Park National Corp OH raised its stake in shares of Fastenal by 100.0% in the 2nd quarter. Park National Corp OH now owns 11,700 shares of the company’s stock valued at $381,000 after purchasing an additional 5,850 shares in the last quarter. Finally, Pensionfund DSM Netherlands raised its stake in shares of Fastenal by 100.0% in the 2nd quarter. Pensionfund DSM Netherlands now owns 80,000 shares of the company’s stock valued at $2,607,000 after purchasing an additional 40,000 shares in the last quarter. Institutional investors and hedge funds own 84.20% of the company’s stock.

In other news, CAO Sheryl Ann Lisowski sold 8,750 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $35.35, for a total transaction of $309,312.50. Following the transaction, the chief accounting officer now owns 9,350 shares in the company, valued at approximately $330,522.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider William Joseph Drazkowski sold 16,666 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $36.77, for a total transaction of $612,808.82. Following the transaction, the insider now owns 19,456 shares in the company, valued at approximately $715,397.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 171,031 shares of company stock worth $6,250,224. Company insiders own 0.56% of the company’s stock.

FAST has been the topic of a number of recent analyst reports. Wolfe Research lowered shares of Fastenal from a “market perform” rating to an “underperform” rating in a research note on Monday, October 14th. Morgan Stanley upped their target price on shares of Fastenal from $29.00 to $31.00 and gave the company an “equal weight” rating in a research note on Monday, October 14th. Cleveland Research restated a “hold” rating on shares of Fastenal in a research note on Tuesday, September 24th. Raymond James lowered shares of Fastenal from a “strong-buy” rating to a “market perform” rating in a research note on Monday, October 14th. Finally, Zacks Investment Research lowered shares of Fastenal from a “hold” rating to a “sell” rating and set a $38.00 target price on the stock. in a research note on Monday, October 14th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. Fastenal currently has an average rating of “Hold” and an average price target of $34.55.

Shares of NASDAQ:FAST traded down $0.07 during trading on Friday, reaching $37.07. 3,190,200 shares of the company’s stock traded hands, compared to its average volume of 4,746,204. The stock has a market capitalization of $21.38 billion, a P/E ratio of 28.08, a price-to-earnings-growth ratio of 1.69 and a beta of 1.26. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.51 and a quick ratio of 2.06. The company has a 50 day moving average of $34.55 and a 200-day moving average of $37.70. Fastenal has a 12 month low of $24.60 and a 12 month high of $37.91.

Fastenal (NASDAQ:FAST) last released its quarterly earnings data on Friday, October 11th. The company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.38 billion. Fastenal had a net margin of 14.77% and a return on equity of 32.03%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.34 EPS. Equities research analysts predict that Fastenal will post 1.38 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be paid a $0.22 dividend. The ex-dividend date is Thursday, October 24th. This represents a $0.88 annualized dividend and a yield of 2.37%. Fastenal’s dividend payout ratio is presently 66.67%.

About Fastenal

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally. It offers fasteners, and other industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, such as bolts, nuts, screws, studs, and related washers, which are used in manufactured products and construction projects, as well as in the maintenance and repair of machines.

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Institutional Ownership by Quarter for Fastenal (NASDAQ:FAST)

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