Fastenal (NASDAQ: FAST) director Daniel L. Johnson bought 1,000 shares of the company in a trade on Wednesday, August 4. The stock was purchased at an average price of $ 55.48 per share, for a total value of $ 55,480.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Fastenal stock traded down $ 0.33 in Friday’s session, reaching $ 55.12. 20,909 shares of the company were traded, for an average volume of 3,248,953. The 50-day simple moving average of the company is $ 53.05. The company has a debt ratio of 0.13, a rapid ratio of 2.12 and a current ratio of 4.16. Fastenal has a 52 week low of $ 42.57 and a 52 week high of $ 56.11. The company has a market cap of $ 31.68 billion, a price / earnings ratio of 36.72, a price / earnings-growth ratio of 4.00, and a beta of 1.28.

Fastenal (NASDAQ: FAST) last reported its quarterly results on Monday, July 12. The company reported earnings per share of $ 0.42 for the quarter, beating analyst consensus estimates of $ 0.41 by $ 0.01. Fastenal had a net margin of 15.24% and a return on equity of 30.76%. The company posted revenue of $ 1.51 billion in the quarter, against analysts’ expectations of $ 1.51 billion. During the same period of the previous year, the company achieved EPS of $ 0.42. The company’s revenue was down 0.1% year-on-year. As a group, research analysts predict that Fastenal will post 1.55 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 24. Investors of record on Tuesday, July 27 will receive a dividend of $ 0.28 per share. The ex-dividend date of this dividend is Monday July 26. This represents a dividend of $ 1.12 on an annualized basis and a return of 2.03%. Fastenal’s dividend payout ratio (DPR) is 75.17%.

Several analysts recently published reports on FAST stocks. Robert W. Baird raised his price target for Fastenal shares from $ 54.00 to $ 58.00 and gave the company an “outperformance” rating in a research note on Wednesday, July 14. Loop Capital began covering Fastenal shares in a research note on Tuesday. They set a “conservation” rating and a price target of $ 52.00 for the company. Finally, Morgan Stanley downgraded Fastenal’s stock from an “equal weight” rating to an “underweight” rating and lowered its price target for the company from $ 53.00 to $ 48.00 in a note research on Tuesday, June 15. They noted that the move was an appraisal call. Three research analysts rated the stock with a sell rating, four assigned a conservation rating, and three gave the company a buy rating. The stock has a consensus rating of “Hold” and a consensus price target of $ 51.13.

A number of large investors have recently bought and sold shares of FAST. Cypress Capital Management LLC WY purchased a new position in Fastenal in Q1 valued at approximately $ 25,000. Childress Capital Advisors LLC purchased a new position in Fastenal in Q4, valued at approximately $ 32,000. CSat Investment Advisory LP strengthened its position in Fastenal by 52.7% in the 1st quarter. CSat Investment Advisory LP now owns 643 shares of the company valued at $ 32,000 after purchasing 222 additional shares in the last quarter. Providence Capital Advisors LLC purchased a new position in Fastenal during the 1st quarter valued at approximately $ 34,000. Finally, Clean Yield Group acquired a new position in Fastenal in the second quarter for a value of approximately $ 36,000. 76.72% of the capital is held by institutional investors.

About Fastenal

Fastenal Company, along with its subsidiaries, is engaged in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, North America and abroad. It offers fasteners and related industrial and construction supplies under the name Fastenal. The company’s fastener products include threaded fasteners, bolts, nuts, screws, studs and related washers, which are used in manufactured products and construction projects, as well as in maintenance and repair. of machines.

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