Atlas Brown Inc. Purchases 6,129 Shares of Fastenal Company $FAST

15 Sep 2025, 09:40 by Amy Steele · The Cerbat Gem

Atlas Brown Inc. increased its position in shares of Fastenal Company (NASDAQ:FAST – Free Report) by 100.9% during the 2nd quarter, Holdings Channel reports. The fund owned 12,206 shares of the company’s stock after buying an additional 6,129 shares during the quarter. Atlas Brown Inc.’s holdings in Fastenal were worth $513,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Garde Capital Inc. boosted its stake in Fastenal by 4,900.0% during the 2nd quarter. Garde Capital Inc. now owns 750 shares of the company’s stock worth $32,000 after acquiring an additional 735 shares during the last quarter. 1248 Management LLC bought a new position in Fastenal in the first quarter valued at approximately $36,000. Horizon Financial Services LLC lifted its stake in Fastenal by 5,330.0% in the first quarter. Horizon Financial Services LLC now owns 543 shares of the company’s stock valued at $42,000 after buying an additional 533 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in Fastenal in the first quarter valued at approximately $49,000. Finally, TruNorth Capital Management LLC bought a new position in Fastenal in the first quarter valued at approximately $57,000. Institutional investors own 81.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FAST shares. Baird R W raised shares of Fastenal from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 7th. Robert W. Baird raised shares of Fastenal from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $47.00 to $55.00 in a research note on Thursday, August 7th. Wolfe Research reaffirmed a “positive” rating on shares of Fastenal in a research note on Monday, July 14th. Northcoast Research began coverage on shares of Fastenal in a research note on Thursday, August 21st. They issued a “neutral” rating on the stock. Finally, Stifel Nicolaus set a $82.00 price objective on shares of Fastenal in a research report on Thursday, July 3rd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $46.82.

Read Our Latest Stock Report on FAST

Insider Activity

In related news, insider Jeffery Michael Watts sold 48,724 shares of the business’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $48.05, for a total transaction of $2,341,188.20. Following the transaction, the insider directly owned 11,880 shares in the company, valued at approximately $570,834. The trade was a 80.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sheryl Ann Lisowski sold 21,052 shares of the business’s stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $45.21, for a total transaction of $951,760.92. Following the transaction, the chief financial officer owned 10,192 shares in the company, valued at approximately $460,780.32. The trade was a 67.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 111,230 shares of company stock valued at $5,288,364 in the last ninety days. Corporate insiders own 0.37% of the company’s stock.

Fastenal Stock Performance

Shares of FAST stock opened at $47.45 on Monday. The company’s fifty day simple moving average is $47.42 and its 200-day simple moving average is $42.61. The company has a quick ratio of 2.12, a current ratio of 4.22 and a debt-to-equity ratio of 0.03. The firm has a market cap of $54.46 billion, a PE ratio of 45.63, a P/E/G ratio of 4.32 and a beta of 0.97. Fastenal Company has a 12 month low of $34.67 and a 12 month high of $50.63.

Fastenal (NASDAQ:FAST – Get Free Report) last issued its earnings results on Monday, July 14th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.07 billion. Fastenal had a net margin of 15.30% and a return on equity of 32.33%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 earnings per share. Equities research analysts expect that Fastenal Company will post 2.15 EPS for the current fiscal year.

Fastenal Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Tuesday, July 29th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Tuesday, July 29th. Fastenal’s payout ratio is presently 84.62%.

About Fastenal

(Free Report)

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.