Fastenal Company (FAST) Insider Terry Modock Owen Sells 30,000 Shares

Fastenal Company (NASDAQ:FAST) insider Terry Modock Owen sold 30,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $48.02, for a total transaction of $1,440,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of Fastenal Company (NASDAQ FAST) remained flat at $$48.47 during trading hours on Friday. 1,438,359 shares of the company were exchanged, compared to its average volume of 2,822,468. The firm has a market cap of $13,890.00, a P/E ratio of 25.25, a P/E/G ratio of 1.76 and a beta of 1.06. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.45 and a current ratio of 5.36. Fastenal Company has a one year low of $39.79 and a one year high of $52.74.



Fastenal (NASDAQ:FAST) last issued its quarterly earnings data on Wednesday, October 11th. The company reported $0.50 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.50. The business had revenue of $1.13 billion during 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%. The firm’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 EPS. equities research analysts anticipate that Fastenal Company will post 1.93 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, October 25th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.64%. The ex-dividend date is Tuesday, October 24th. Fastenal’s payout ratio is 68.09%.

TRADEMARK VIOLATION NOTICE: “Fastenal Company (FAST) Insider Terry Modock Owen Sells 30,000 Shares” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another domain, it was stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this article can be read at https://ledgergazette.com/2017/11/18/fastenal-company-fast-insider-terry-modock-owen-sells-30000-shares.html.

A number of large investors have recently modified their holdings of the stock. Enterprise Financial Services Corp lifted its stake in Fastenal by 0.5% in the 2nd quarter. Enterprise Financial Services Corp now owns 6,074 shares of the company’s stock valued at $264,000 after purchasing an additional 28 shares during the last quarter. QS Investors LLC increased its position in Fastenal by 1.6% in the 2nd quarter. QS Investors LLC now owns 4,051 shares of the company’s stock valued at $176,000 after acquiring an additional 63 shares during the period. Krilogy Financial LLC increased its position in Fastenal by 2.0% in the 2nd quarter. Krilogy Financial LLC now owns 3,530 shares of the company’s stock valued at $154,000 after acquiring an additional 70 shares during the period. Community Bank N.A. increased its position in Fastenal by 1.1% in the 2nd quarter. Community Bank N.A. now owns 7,276 shares of the company’s stock valued at $317,000 after acquiring an additional 76 shares during the period. Finally, Roberts Glore & Co. Inc. IL increased its position in Fastenal by 1.6% in the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 5,041 shares of the company’s stock valued at $219,000 after acquiring an additional 80 shares during the period. 83.95% of the stock is owned by institutional investors and hedge funds.

A number of research firms have issued reports on FAST. Zacks Investment Research raised shares of Fastenal from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a 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 reaffirmed a “buy” rating and set a $52.00 price target on shares of Fastenal in a report on Thursday, October 12th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $46.00 price target on shares of Fastenal in a report on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $50.80.

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.

Insider Buying and Selling by Quarter for Fastenal (NASDAQ:FAST)

Receive News & Ratings for Fastenal Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fastenal Company and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply