Fastenal Co. (FAST) Director Purchases $27,174.00 in Stock
Fastenal Co. (NASDAQ:FAST) Director Michael J. Ancius acquired 700 shares of the business’s stock in a transaction dated Thursday, October 13th. The shares were bought at an average price of $38.82 per share, with a total value of $27,174.00. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.
Michael J. Ancius also recently made the following trade(s):
- On Friday, September 9th, Michael J. Ancius acquired 600 shares of Fastenal stock. The shares were bought at an average price of $41.00 per share, with a total value of $24,600.00.
Shares of Fastenal Co. (NASDAQ:FAST) traded down 0.18% during midday trading on Monday, hitting $38.27. The stock had a trading volume of 2,682,430 shares. Fastenal Co. has a 1-year low of $35.10 and a 1-year high of $49.99. The company’s 50 day moving average price is $41.29 and its 200-day moving average price is $43.99. The firm has a market capitalization of $11.06 billion, a PE ratio of 21.87 and a beta of 0.99.
Fastenal (NASDAQ:FAST) last announced its quarterly earnings results on Tuesday, October 11th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.01. Fastenal had a net margin of 12.61% and a return on equity of 26.84%. The firm earned $1.01 billion during the quarter. During the same period last year, the business earned $0.47 earnings per share. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities analysts predict that Fastenal Co. will post $1.74 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 22nd. Investors of record on Tuesday, October 25th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, October 21st. This represents a $1.20 annualized dividend and a yield of 3.13%. Fastenal’s dividend payout ratio is currently 69.77%.
A number of equities research analysts have recently commented on the company. Zacks Investment Research upgraded Fastenal from a “sell” rating to a “hold” rating in a research report on Tuesday, September 13th. Morgan Stanley began coverage on Fastenal in a research report on Thursday, July 7th. They set an “equal weight” rating and a $46.00 price objective for the company. BMO Capital Markets restated a “market perform” rating and issued a $47.00 target price on shares of Fastenal in a report on Wednesday, July 13th. Macquarie began coverage on Fastenal in a report on Thursday, August 25th. They issued a “neutral” rating and a $50.00 target price for the company. Finally, Wells Fargo & Co. restated a “hold” rating on shares of Fastenal in a report on Sunday, September 4th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has issued a buy rating to the company’s stock. Fastenal presently has an average rating of “Hold” and a consensus price target of $47.15.
Large investors have recently bought and sold shares of the stock. FineMark National Bank & Trust boosted its stake in Fastenal by 0.6% in the second quarter. FineMark National Bank & Trust now owns 3,420 shares of the company’s stock valued at $152,000 after buying an additional 20 shares in the last quarter. Strategic Advisors LLC boosted its stake in Fastenal by 0.4% in the second quarter. Strategic Advisors LLC now owns 13,304 shares of the company’s stock valued at $591,000 after buying an additional 47 shares in the last quarter. Raymond James Trust N.A. boosted its stake in Fastenal by 0.3% in the third quarter. Raymond James Trust N.A. now owns 16,934 shares of the company’s stock valued at $708,000 after buying an additional 48 shares in the last quarter. Washington Trust Bank boosted its stake in Fastenal by 2.3% in the second quarter. Washington Trust Bank now owns 2,762 shares of the company’s stock valued at $123,000 after buying an additional 62 shares in the last quarter. Finally, First Allied Advisory Services Inc. boosted its stake in Fastenal by 0.5% in the second quarter. First Allied Advisory Services Inc. now owns 14,726 shares of the company’s stock valued at $652,000 after buying an additional 79 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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