Robeco Institutional Asset Management B.V. Sells 10,312 Shares of Fastenal Company $FAST

25 Oct 2026, 08:57 by Sarita Garza · The Markets Daily

Robeco Institutional Asset Management B.V. decreased its stake in shares of Fastenal Company (NASDAQ:FAST – Free Report) by 8.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,701 shares of the company’s stock after selling 10,312 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Fastenal were worth $5,681,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Fastenal during the second quarter worth approximately $5,105,454,000. State Street Corp boosted its holdings in shares of Fastenal by 1.6% in the second quarter. State Street Corp now owns 56,438,968 shares of the company’s stock valued at $2,710,764,000 after purchasing an additional 869,793 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Fastenal in the second quarter valued at approximately $859,310,000. Bank of America Corp DE boosted its holdings in shares of Fastenal by 12.0% in the first quarter. Bank of America Corp DE now owns 16,292,425 shares of the company’s stock valued at $755,969,000 after purchasing an additional 1,744,193 shares during the period. Finally, Baird Financial Group Inc. grew its stake in Fastenal by 1.2% in the second quarter. Baird Financial Group Inc. now owns 15,561,007 shares of the company’s stock worth $747,395,000 after purchasing an additional 183,238 shares in the last quarter. 81.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on FAST. William Blair restated an “outperform” rating on shares of Fastenal in a report on Friday, September 4th. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $47.00 target price (up from $42.00) on shares of Fastenal in a research report on Thursday, October 15th. Rothschild & Co Redburn set a $55.00 target price on Fastenal and gave the company a “buy” rating in a research report on Monday, July 13th. Morgan Stanley upped their target price on Fastenal from $48.00 to $52.00 and gave the stock an “equal weight” rating in a report on Thursday, July 16th. Finally, Argus increased their price target on Fastenal from $55.00 to $59.00 and gave the stock a “buy” rating in a research report on Wednesday. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $51.46.

Check Out Our Latest Stock Report on Fastenal

Fastenal Stock Performance

Shares of FAST stock opened at $51.91 on Friday. The firm has a market cap of $59.56 billion, a price-to-earnings ratio of 41.86, a PEG ratio of 3.11 and a beta of 0.69. The company’s 50 day moving average is $50.36 and its 200 day moving average is $47.73. The company has a quick ratio of 2.11, a current ratio of 3.93 and a debt-to-equity ratio of 0.01. Fastenal Company has a 52-week low of $38.97 and a 52-week high of $52.92.

Fastenal (NASDAQ:FAST – Get Free Report) last issued its quarterly earnings data on Wednesday, October 14th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.44 billion. Fastenal had a net margin of 15.62% and a return on equity of 35.13%. Fastenal’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 earnings per share. On average, sell-side analysts anticipate that Fastenal Company will post 1.27 EPS for the current fiscal year.

Fastenal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Wednesday, October 28th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, October 28th. Fastenal’s dividend payout ratio (DPR) is 83.87%.

Insiders Place Their Bets

In other news, Director Rita J. Heise sold 34,964 shares of Fastenal stock in a transaction on 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 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael Ancius sold 3,000 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $49.00, for a total value of $147,000.00. Following the completion of the transaction, the director directly owned 58,690 shares of the company’s stock, valued at approximately $2,875,810. The trade was a 4.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.28% of the company’s stock.

About Fastenal

(Free Report)

Fastenal Company is a distributor of industrial and construction supplies headquartered in Winona, Minnesota. Founded in 1967, the company primarily serves businesses that require products for manufacturing, construction, maintenance, repair and operations.

Its product range includes threaded fasteners, bolts, nuts, screws, industrial and safety supplies, tools, electrical and plumbing products, material-handling equipment, and other related items. Fastenal also provides inventory-management solutions, including automated vending machines, customer-specific inventory programs and onsite services designed to improve product availability and purchasing efficiency.