Fastenal Company (NASDAQ:FAST) Shares Sold by US Bancorp DE =========================================================== August 4, 2025 US Bancorp DE has reduced its stake in Fastenal by **2.4%**, owning about **$34 million** worth of shares after selling 10,574 in the first quarter. Several analysts have upgraded their price targets for Fastenal, with a consensus target of **$45.64** and the stock currently rated as a \"Hold.\" Fastenal reported earnings of **$0.29** per share for the latest quarter, exceeding expectations, with revenues rising **8.6%** year-over-year. US Bancorp DE lessened its position in Fastenal Company ( - ) by 2.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 438,981 shares of the company's stock after selling 10,574 shares during the period. US Bancorp DE owned approximately 0.08% of Fastenal worth $34,043,000 at the end of the most recent reporting period. Several other hedge funds also recently made changes to their positions in the company. Abacus Wealth Partners LLC acquired a new stake in shares of Fastenal in the 1st quarter worth $478,000. Davis R M Inc. lifted its stake in shares of Fastenal by 18.9% in the 1st quarter. Davis R M Inc. now owns 3,836 shares of the company's stock worth $297,000 after acquiring an additional 611 shares during the period. Wellington Shields &amp; Co. LLC lifted its stake in shares of Fastenal by 11.8% in the 1st quarter. Wellington Shields &amp; Co. LLC now owns 1,900 shares of the company's stock worth $147,000 after acquiring an additional 200 shares during the period. XTX Topco Ltd acquired a new stake in shares of Fastenal in the 1st quarter worth $542,000. Finally, Harvest Fund Management Co. Ltd lifted its stake in shares of Fastenal by 6.9% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 39,903 shares of the company's stock worth $3,094,000 after acquiring an additional 2,588 shares during the period. Institutional investors and hedge funds own 81.38% of the company's stock. Several analysts have recently commented on the stock. Stifel Nicolaus set a $82.00 target price on shares of Fastenal in a research note on Thursday, July 3rd. JPMorgan Chase &amp; Co. boosted their price objective on shares of Fastenal from $38.00 to $41.00 and gave the stock a \"neutral\" rating in a report on Tuesday, July 15th. Loop Capital restated a \"hold\" rating on shares of Fastenal in a research report on Tuesday, July 15th. Stephens boosted their price target on Fastenal from $40.00 to $45.00 and gave the stock an \"equal weight\" rating in a research note on Tuesday, July 15th. Finally, Robert W. Baird boosted their price target on Fastenal from $43.00 to $47.00 and gave the stock a \"neutral\" rating in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of \"Hold\" and a consensus price target of $45.64. Insiders Place Their Bets In other news, Director sold 19,340 shares of Fastenal stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $39.76, for a total transaction of $768,861.70. Following the completion of the sale, the director directly owned 50,000 shares in the company, valued at $1,987,750. The trade was a 27.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through . Also, CFO sold 21,052 shares of Fastenal stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $45.21, for a total transaction of $951,760.92. Following the sale, the chief financial officer owned 10,192 shares of the company's stock, valued at approximately $460,780.32. This trade represents a 67.38% decrease in their ownership of the stock. The disclosure for this sale can be found . Over the last quarter, insiders sold 73,116 shares of company stock worth $3,069,670. Insiders own 0.37% of the company's stock. Fastenal Stock Performance Shares of opened at $45.44 on Friday. The company has a current ratio of 4.22, a quick ratio of 2.12 and a debt-to-equity ratio of 0.03. The stock has a market cap of $52.15 billion, a P/E ratio of 43.69, a PEG ratio of 4.14 and a beta of 0.95. The company has a 50-day moving average of $43.28 and a two-hundred day moving average of $40.22. Fastenal Company has a 12-month low of $32.04 and a 12-month high of $48.10. Fastenal ( - ) last announced its earnings results on Monday, July 14th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. The company had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.07 billion. Fastenal had a net margin of 15.30% and a return on equity of 32.33%. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.25 earnings per share. As a group, research analysts predict that Fastenal Company will post 2.15 EPS for the current fiscal year. Fastenal Cuts Dividend The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Tuesday, July 29th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, July 29th. This represents a $0.88 dividend on an annualized basis and a yield of 1.9%. Fastenal's payout ratio is presently 84.62%. About Fastenal () 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.

Fastenal Company (NASDAQ:FAST) Shares Sold by US Bancorp DE

US Bancorp DE reduced its stake in Fastenal by 2.4%, while multiple hedge funds adjusted their positions. Fastenal reported strong earnings, exceeding expectations, with revenue growth and a positive net margin. Analysts raised price targets, and insiders sold shares, though the company announced a quarterly dividend. The stock has a market cap of $52.15 billion and a P/E ratio of 43.69.