Godsey & Gibb Inc. Sells 4,910 Shares of Fastenal (NASDAQ:FAST)

Godsey & Gibb Inc. trimmed its holdings in shares of Fastenal (NASDAQ:FAST) by 1.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 296,500 shares of the company’s stock after selling 4,910 shares during the quarter. Fastenal makes up 2.1% of Godsey & Gibb Inc.’s holdings, making the stock its 22nd largest holding. Godsey & Gibb Inc.’s holdings in Fastenal were worth $21,321,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Advisors Management Group Inc. ADV raised its holdings in shares of Fastenal by 3.7% during the fourth quarter. Advisors Management Group Inc. ADV now owns 9,225 shares of the company’s stock worth $663,000 after acquiring an additional 325 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Fastenal by 11.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,915 shares of the company’s stock worth $210,000 after purchasing an additional 308 shares in the last quarter. Kathmere Capital Management LLC raised its stake in shares of Fastenal by 5.4% in the 4th quarter. Kathmere Capital Management LLC now owns 10,025 shares of the company’s stock valued at $721,000 after purchasing an additional 512 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Fastenal by 204.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 383,483 shares of the company’s stock valued at $27,576,000 after purchasing an additional 257,629 shares in the last quarter. Finally, Board of the Pension Protection Fund acquired a new position in shares of Fastenal during the fourth quarter worth about $748,000. 81.38% of the stock is currently owned by institutional investors and hedge funds.

Fastenal Stock Up 0.7 %

Shares of FAST stock opened at $74.27 on Thursday. Fastenal has a 52-week low of $61.36 and a 52-week high of $84.88. The stock has a market cap of $42.55 billion, a price-to-earnings ratio of 36.95, a PEG ratio of 4.64 and a beta of 1.02. The firm’s 50-day moving average is $78.41 and its 200-day moving average is $72.81. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.29 and a current ratio of 4.40.

Insider Buying and Selling at Fastenal

In other news, Director Rita J. Heise sold 10,888 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $77.67, for a total transaction of $845,670.96. Following the completion of the sale, the director now owns 20,000 shares in the company, valued at $1,553,400. The trade was a 35.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Daniel L. Florness sold 31,818 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $84.50, for a total value of $2,688,621.00. Following the transaction, the chief executive officer now owns 286,018 shares in the company, valued at approximately $24,168,521. This trade represents a 10.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 74,660 shares of company stock worth $6,211,126 over the last 90 days. Company insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on FAST. Stifel Nicolaus cut Fastenal from a “buy” rating to a “hold” rating and set a $86.00 target price on the stock. in a research note on Wednesday, December 11th. Bank of America began coverage on shares of Fastenal in a research report on Monday, October 7th. They issued a “buy” rating and a $85.00 price objective on the stock. Robert W. Baird increased their target price on shares of Fastenal from $67.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Hsbc Global Res lowered shares of Fastenal from a “hold” rating to a “moderate sell” rating in a research note on Wednesday, December 11th. Finally, Jefferies Financial Group increased their price objective on shares of Fastenal from $74.00 to $85.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $77.40.

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.