Groupe la Francaise Cuts Position in Fastenal Company $FAST

08 Sep 2026, 04:27 by Doug Wharley · The Cerbat Gem

Groupe la Francaise lowered its position in shares of Fastenal Company (NASDAQ:FAST – Free Report) by 23.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 117,136 shares of the company’s stock after selling 35,476 shares during the quarter. Groupe la Francaise’s holdings in Fastenal were worth $5,626,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in Fastenal during the second quarter worth approximately $5,105,454,000. California State Teachers Retirement System raised its stake in shares of Fastenal by 4,689.6% in the 2nd quarter. California State Teachers Retirement System now owns 84,371,948 shares of the company’s stock valued at $4,052,385,000 after acquiring an additional 82,610,391 shares during the period. State Street Corp raised its stake in shares of Fastenal by 1.2% in the 4th quarter. State Street Corp now owns 54,734,674 shares of the company’s stock valued at $2,196,502,000 after acquiring an additional 631,889 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Fastenal by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 47,297,047 shares of the company’s stock valued at $1,898,031,000 after acquiring an additional 919,158 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Fastenal by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 37,699,836 shares of the company’s stock valued at $1,508,216,000 after acquiring an additional 685,047 shares in the last quarter. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Insider Transactions at Fastenal

In related news, Director Rita Heise sold 34,964 shares of Fastenal stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $50.05, for a total value of $1,749,948.20. Following the completion of the transaction, the director directly owned 20,000 shares in the company, valued at approximately $1,001,000. This trade represents a 63.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael J. Ancius sold 3,000 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $49.00, for a total value of $147,000.00. Following the completion of the sale, the director directly owned 58,690 shares of the company’s stock, valued at approximately $2,875,810. This represents a 4.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.28% of the company’s stock.

Fastenal Stock Performance

Fastenal stock opened at $49.60 on Tuesday. Fastenal Company has a 52 week low of $38.97 and a 52 week high of $52.92. The company has a current ratio of 4.18, a quick ratio of 2.21 and a debt-to-equity ratio of 0.01. The stock has a market cap of $56.92 billion, a P/E ratio of 42.03, a price-to-earnings-growth ratio of 3.09 and a beta of 0.72. The stock has a 50 day moving average of $48.75 and a 200-day moving average of $46.62.

Fastenal (NASDAQ:FAST – Get Free Report) last issued its quarterly earnings results on Tuesday, July 14th. The company reported $0.33 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.33. Fastenal had a net margin of 15.45% and a return on equity of 34.03%. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the previous year, the firm earned $0.29 earnings per share. The business’s revenue was up 14.7% compared to the same quarter last year. On average, analysts expect that Fastenal Company will post 1.26 EPS for the current fiscal year.

Fastenal Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, July 28th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, July 28th. This is an increase from Fastenal’s previous quarterly dividend of $0.24. Fastenal’s payout ratio is presently 88.14%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Morgan Stanley increased their price target on Fastenal from $48.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. Weiss Ratings upgraded Fastenal from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 26th. Sanford C. Bernstein reaffirmed an “underperform” rating on shares of Fastenal in a research report on Wednesday, July 15th. Rothschild & Co Redburn set a $55.00 target price on Fastenal and gave the company a “buy” rating in a research note on Monday, July 13th. Finally, Wolfe Research reiterated an “underperform” rating and set a $47.00 target price on shares of Fastenal in a report on Thursday, July 9th. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $49.17.

Check Out Our Latest Report on FAST

About Fastenal

(Free Report)

Fastenal (NASDAQ: FAST) is a wholesale distributor of industrial and construction supplies, best known for its broad assortment of fasteners such as bolts, nuts, screws and anchors. Founded in Winona, Minnesota, Fastenal has grown from a regional supplier into a national and international distributor serving a wide range of end markets, including manufacturing, construction, maintenance, repair and operations (MRO), and government customers. The company is publicly traded and operates through a network of locally staffed branches combined with national distribution capabilities.