Fastenal (NASDAQ:FAST) – Stock analysts at William Blair decreased their Q2 2019 EPS estimates for shares of Fastenal in a report released on Monday, May 6th, Zacks Investment Research reports. William Blair analyst R. Merkel now anticipates that the company will earn $0.74 per share for the quarter, down from their prior forecast of $0.75. William Blair has a “Market Perform” rating on the stock.
Fastenal (NASDAQ:FAST) last posted its earnings results on Thursday, April 11th. The company reported $0.34 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.34. Fastenal had a return on equity of 33.52% and a net margin of 15.16%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the company earned $0.31 earnings per share.
Shares of FAST stock traded down $0.13 during trading hours on Wednesday, reaching $30.59. The company had a trading volume of 5,788,838 shares, compared to its average volume of 4,804,790. The company has a quick ratio of 1.97, a current ratio of 4.31 and a debt-to-equity ratio of 0.20. Fastenal has a 12 month low of $23.68 and a 12 month high of $35.94. The firm has a market capitalization of $17.52 billion, a PE ratio of 23.17, a P/E/G ratio of 1.34 and a beta of 1.20.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Securian Asset Management Inc increased its holdings in Fastenal by 0.5% during the 1st quarter. Securian Asset Management Inc now owns 29,785 shares of the company’s stock valued at $1,915,000 after purchasing an additional 150 shares during the period. Old North State Trust LLC increased its holdings in Fastenal by 20.6% during the 1st quarter. Old North State Trust LLC now owns 966 shares of the company’s stock valued at $62,000 after purchasing an additional 165 shares during the period. Park National Corp OH increased its holdings in Fastenal by 2.9% during the 1st quarter. Park National Corp OH now owns 5,850 shares of the company’s stock valued at $376,000 after purchasing an additional 167 shares during the period. AdvisorNet Financial Inc increased its holdings in Fastenal by 46.9% during the 4th quarter. AdvisorNet Financial Inc now owns 564 shares of the company’s stock valued at $29,000 after purchasing an additional 180 shares during the period. Finally, Utah Retirement Systems increased its holdings in Fastenal by 0.4% during the 4th quarter. Utah Retirement Systems now owns 53,540 shares of the company’s stock valued at $2,800,000 after purchasing an additional 200 shares during the period. 85.36% of the stock is owned by institutional investors.
In other news, insider Terry Modock Owen sold 1,875 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $70.62, for a total value of $132,412.50. Following the completion of the sale, the insider now owns 5,375 shares of the company’s stock, valued at approximately $379,582.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Leland J. Hein sold 19,929 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $70.37, for a total value of $1,402,403.73. Following the completion of the sale, the insider now directly owns 14,931 shares of the company’s stock, valued at approximately $1,050,694.47. The disclosure for this sale can be found here. Over the last quarter, insiders sold 163,470 shares of company stock valued at $11,485,007. 0.56% of the stock is owned by company insiders.
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, April 24th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 5.62%. The ex-dividend date of this dividend was Tuesday, April 23rd. Fastenal’s dividend payout ratio (DPR) is presently 65.15%.
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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