Kathmere Capital Management LLC Buys 512 Shares of Fastenal (NASDAQ:FAST)

Kathmere Capital Management LLC raised its stake in Fastenal (NASDAQ:FAST) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,025 shares of the company’s stock after purchasing an additional 512 shares during the period. Kathmere Capital Management LLC’s holdings in Fastenal were worth $721,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its position in Fastenal by 204.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 383,483 shares of the company’s stock valued at $27,576,000 after buying an additional 257,629 shares in the last quarter. Board of the Pension Protection Fund bought a new stake in shares of Fastenal during the fourth quarter valued at approximately $748,000. Fifth Third Wealth Advisors LLC raised its position in shares of Fastenal by 6.6% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 5,931 shares of the company’s stock worth $426,000 after purchasing an additional 368 shares during the period. Community Trust & Investment Co. lifted its holdings in shares of Fastenal by 5.8% in the 4th quarter. Community Trust & Investment Co. now owns 7,630 shares of the company’s stock worth $549,000 after purchasing an additional 420 shares in the last quarter. Finally, Oak Thistle LLC lifted its holdings in shares of Fastenal by 331.9% in the 4th quarter. Oak Thistle LLC now owns 33,935 shares of the company’s stock worth $2,440,000 after purchasing an additional 26,077 shares in the last quarter. 81.38% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Fastenal news, Director Daniel L. Johnson sold 8,474 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $83.36, for a total transaction of $706,392.64. Following the completion of the transaction, the director now directly owns 10,595 shares of the company’s stock, valued at approximately $883,199.20. This represents a 44.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Daniel L. Florness sold 31,818 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $84.50, for a total value of $2,688,621.00. Following the completion of the sale, the chief executive officer now owns 286,018 shares in the company, valued at approximately $24,168,521. The trade was a 10.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 74,660 shares of company stock worth $6,211,126. Insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Bank of America initiated coverage on shares of Fastenal in a research note on Monday, October 7th. They set a “buy” rating and a $85.00 price target for the company. Robert W. Baird raised their price target on shares of Fastenal from $67.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Stifel Nicolaus lowered Fastenal from a “buy” rating to a “hold” rating and set a $86.00 price objective for the company. in a report on Wednesday, December 11th. JPMorgan Chase & Co. raised their target price on Fastenal from $57.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Finally, UBS Group began coverage on Fastenal in a report on Wednesday, November 13th. They set a “neutral” rating and a $88.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $77.40.

Fastenal Trading Up 0.7 %

Shares of Fastenal stock opened at $74.27 on Thursday. The stock has a fifty day moving average price of $78.41 and a 200-day moving average price of $72.81. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.40 and a quick ratio of 2.29. The firm has a market cap of $42.55 billion, a PE ratio of 36.95, a P/E/G ratio of 4.64 and a beta of 1.02. Fastenal has a 1 year low of $61.36 and a 1 year high of $84.88.

Fastenal Profile

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