Fastenal Co. (NASDAQ:FAST) EVP Leland J. Hein sold 1,000 shares of Fastenal stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $46.15, for a total transaction of $46,150.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Fastenal Co. (NASDAQ:FAST) traded down 0.02% during midday trading on Monday, hitting $46.36. 2,289,943 shares of the company traded hands. Fastenal Co. has a 12-month low of $35.10 and a 12-month high of $49.99. The firm has a market capitalization of $13.40 billion, a PE ratio of 26.98 and a beta of 0.92. The stock’s 50-day moving average is $41.23 and its 200-day moving average is $42.89.
Fastenal (NASDAQ:FAST) last posted its quarterly earnings results on Tuesday, October 11th. The company reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.01. The business had revenue of $1.01 billion for the quarter. Fastenal had a return on equity of 26.84% and a net margin of 12.61%. Fastenal’s revenue was up 1.8% compared to the same quarter last year. During the same period last year, the business posted $0.47 earnings per share. Analysts anticipate that Fastenal Co. will post $1.71 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 22nd. Shareholders of record on Tuesday, October 25th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend was Friday, October 21st. Fastenal’s payout ratio is presently 69.77%.
A number of large investors have recently modified their holdings of FAST. HighPoint Advisor Group LLC increased its stake in shares of Fastenal by 173.5% in the third quarter. HighPoint Advisor Group LLC now owns 16,280 shares of the company’s stock valued at $732,000 after buying an additional 10,328 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of Fastenal by 4.9% in the third quarter. D.A. Davidson & CO. now owns 205,748 shares of the company’s stock valued at $8,593,000 after buying an additional 9,611 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of Fastenal during the third quarter valued at approximately $151,000. Price T Rowe Associates Inc. MD increased its stake in shares of Fastenal by 5.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 696,405 shares of the company’s stock valued at $29,096,000 after buying an additional 35,010 shares during the last quarter. Finally, LPL Financial LLC increased its stake in shares of Fastenal by 10.3% in the third quarter. LPL Financial LLC now owns 24,030 shares of the company’s stock valued at $996,000 after buying an additional 2,239 shares during the last quarter. 76.20% of the stock is owned by hedge funds and other institutional investors.
Several research firms have issued reports on FAST. Wells Fargo & Co. restated a “hold” rating on shares of Fastenal in a research report on Sunday, September 4th. Macquarie started coverage on shares of Fastenal in a research note on Thursday, August 25th. They issued a “neutral” rating and a $50.00 price objective for the company. BMO Capital Markets reaffirmed a “hold” rating and issued a $45.00 price objective on shares of Fastenal in a research note on Monday, November 7th. Robert W. Baird reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of Fastenal in a research note on Thursday, October 13th. Finally, Argus lowered shares of Fastenal from a “buy” rating to a “hold” rating in a research note on Friday, October 14th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the company. Fastenal presently has an average rating of “Hold” and a consensus price target of $47.93.
Fastenal Company Profile