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%.
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.
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.