Fastenal Company (FAST) : Country Club Trust Company N.a. reduced its stake in Fastenal Company by 1.48% during the most recent quarter end. The investment management company now holds a total of 10,000 shares of Fastenal Company which is valued at $383,400 after selling 150 shares in Fastenal Company , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Fastenal Company makes up approximately 0.06% of Country Club Trust Company N.a.’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. Genesee Valley Trust Co sold out all of its stake in FAST during the most recent quarter. The investment firm sold 27,567 shares of FAST which is valued $1,101,577.Legal General Group Plc boosted its stake in FAST in the latest quarter, The investment management firm added 6,508 additional shares and now holds a total of 1,231,219 shares of Fastenal Company which is valued at $49,199,511. Fastenal Company makes up approx 0.05% of Legal General Group Plc’s portfolio.Carroll Financial Associates boosted its stake in FAST in the latest quarter, The investment management firm added 359 additional shares and now holds a total of 12,697 shares of Fastenal Company which is valued at $534,798. Fastenal Company makes up approx 0.08% of Carroll Financial Associates’s portfolio.Advisory Services Network boosted its stake in FAST in the latest quarter, The investment management firm added 326 additional shares and now holds a total of 2,359 shares of Fastenal Company which is valued at $99,786. Fastenal Company makes up approx 0.02% of Advisory Services Network’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.