Fastenal Co. (NASDAQ:FAST) Director Michael J. Ancius purchased 700 shares of the firm’s stock in a transaction that occurred on Thursday, October 13th. The stock was bought at an average price of $38.82 per share, for a total transaction of $27,174.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Michael J. Ancius also recently made the following trade(s):
- On Friday, September 9th, Michael J. Ancius purchased 600 shares of Fastenal stock. The stock was bought at an average price of $41.00 per share, for a total transaction of $24,600.00.
Shares of Fastenal Co. (NASDAQ:FAST) traded down 0.18% during mid-day trading on Monday, hitting $38.27. 2,682,430 shares of the stock were exchanged. The stock’s 50-day moving average is $41.29 and its 200-day moving average is $43.99. The stock has a market capitalization of $11.06 billion, a price-to-earnings ratio of 21.87 and a beta of 0.99. Fastenal Co. has a 52 week low of $35.10 and a 52 week high of $49.99.
Fastenal (NASDAQ:FAST) last released its quarterly earnings results on Tuesday, October 11th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by $0.01. Fastenal had a net margin of 12.61% and a return on equity of 26.84%. The firm had revenue of $1.01 billion for the quarter. During the same quarter in the prior year, the firm earned $0.47 earnings per share. Fastenal’s quarterly revenue was up 1.8% compared to the same quarter last year. Analysts forecast that Fastenal Co. will post $1.74 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 22nd. Shareholders of record on Tuesday, October 25th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Friday, October 21st. Fastenal’s dividend payout ratio is 69.77%.
A number of research analysts recently commented on the stock. Zacks Investment Research lowered shares of Fastenal from a “hold” rating to a “sell” rating in a research note on Friday. Argus lowered shares of Fastenal from a “buy” rating to a “hold” rating in a research note on Friday. Robert W. Baird reiterated a “neutral” rating and issued a $45.00 price target on shares of Fastenal in a research note on Thursday. BMO Capital Markets set a $45.00 price target on shares of Fastenal and gave the company a “hold” rating in a research note on Wednesday, October 12th. Finally, Vetr lowered shares of Fastenal from a “strong-buy” rating to a “hold” rating and set a $42.46 target price on the stock. in a research report on Tuesday, September 6th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $47.15.
A number of hedge funds have recently made changes to their positions in FAST. Advisor Consultant Network Inc. bought a new stake in shares of Fastenal during the third quarter valued at approximately $418,000. Integrated Investment Consultants LLC raised its stake in shares of Fastenal by 1.1% in the third quarter. Integrated Investment Consultants LLC now owns 7,515 shares of the company’s stock valued at $288,000 after buying an additional 80 shares in the last quarter. National Pension Service raised its stake in shares of Fastenal by 9.3% in the third quarter. National Pension Service now owns 216,335 shares of the company’s stock valued at $9,038,000 after buying an additional 18,476 shares in the last quarter. MSI Financial Services Inc raised its stake in shares of Fastenal by 34.7% in the third quarter. MSI Financial Services Inc now owns 5,820 shares of the company’s stock valued at $243,000 after buying an additional 1,500 shares in the last quarter. Finally, Capstone Asset Management Co. raised its stake in shares of Fastenal by 11.9% in the third quarter. Capstone Asset Management Co. now owns 56,221 shares of the company’s stock valued at $2,349,000 after buying an additional 5,980 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.
Fastenal Company Profile
Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. The Company distributes these supplies through a network of approximately 2,600 Company-owned stores. The Company sells industrial and construction supplies to end users (business-to-business), and also has a walk-in retail business.
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