Media coverage about Fastenal (NASDAQ:FAST) has trended somewhat positive this week, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Fastenal earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.5916641461143 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news stories that may have impacted Accern’s rankings:
- Fastenal Company (FAST) Short Interest Update (americanbankingnews.com)
- Senior Executive VP of Fastenal Co (NASDAQ:FAST), Hein Leland J, sells 10,000 shares worth $480,000 (empowerednews.net)
- Notable Friday Option Activity: URI, FAST, UPS (marketnewsvideo.com)
- GE’s Dividend: Making the Cut (bloomberg.com)
- GE Can’t Escape the Math Demanding a Dividend Cut: Gadfly (washingtonpost.com)
Fastenal (FAST) opened at $47.59 on Monday. Fastenal has a 1 year low of $39.79 and a 1 year high of $52.74. The company has a debt-to-equity ratio of 0.21, a current ratio of 5.36 and a quick ratio of 2.45. The company has a market cap of $13,676.91, a P/E ratio of 25.31, a P/E/G ratio of 1.76 and a beta of 1.06.
Fastenal (NASDAQ:FAST) last issued its quarterly earnings results on Wednesday, October 11th. The company reported $0.50 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.50. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. Fastenal had a net margin of 12.73% and a return on equity of 27.28%. Fastenal’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. research analysts anticipate that Fastenal will post 1.93 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, October 25th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.69%. Fastenal’s payout ratio is 68.09%.
Several research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Fastenal from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Thursday, August 3rd. Northcoast Research reaffirmed a “buy” rating on shares of Fastenal in a report on Friday, August 4th. BMO Capital Markets reaffirmed a “market perform” rating and set a $51.00 price target (up previously from $46.00) on shares of Fastenal in a report on Tuesday, October 10th. KeyCorp reissued a “buy” rating and issued a $52.00 target price on shares of Fastenal in a report on Thursday, October 12th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $46.00 target price on shares of Fastenal in a report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $50.80.
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In other Fastenal news, VP Leland J. Hein sold 10,000 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $48.00, for a total value of $480,000.00. Following the transaction, the vice president now owns 20,258 shares in the company, valued at approximately $972,384. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen L. Eastman acquired 800 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was purchased at an average price of $40.58 per share, for a total transaction of $32,464.00. The disclosure for this purchase can be found here. Insiders have sold a total of 38,000 shares of company stock worth $1,782,880 in the last ninety days. Corporate insiders own 0.55% of the company’s stock.
Fastenal Company Profile
Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. The Company is engaged in fastener distribution, and non-fastener maintenance and supply business. As of December 31, 2016, it distributed these supplies through a network of approximately 2,500 stores. Its customers are in the manufacturing and non-residential construction markets.
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