Fastenal Company (NASDAQ:FAST) trading with an addition of $1.25 to $53.24 on Thursday, an upside of 2.40 percent. An average of 2,312,487 shares of common stock have been traded in the last five days. There was a gain of $1.68 in the past week. The last 20 days have seen an average of 2,581,332 shares traded, while the 50-day average volume stands at 2,459,111.
FAST stock has decreased by -3.74% in the last month. The company shares reached their 1-month lowest point of $50.70 on 10/06/21. With the stock rallying to its 52-week high on 08/30/21, shares of the company touched a low of $42.23 and a high of $56.39 in 52 weeks. In spite of this, the price is down -5.59% from the 52-week high.
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37 days have passed since Fastenal Company (FAST) last reported insider trading activity. WISECUP REYNE K, who is Senior Executive VP, most recently acquired $21,428 shares at $56.02 per share on Aug 31. In this transaction, the insider spent $1,200,371. Director, LUNDQUIST NICHOLAS J, disposed of 32,980 shares at a price of $56.10 on Aug 30. The insider now owns more than $1,850,167 worth of shares. Prior to that, Executive Vice-President Watts Jeffery Michael went on to Sale 21,434 shares at $55.77 each on Aug 23. An amount of $1,195,430 was transacted.
Fastenal Company (FAST) has a trailing price-to-earnings (P/E) ratio of 34.54, which compares with the 16.80 for the broader industry and 28.84 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Fastenal Company’s PE ratio has ranged between 37.23 and 19.01. The stock’s beta is 1.26. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.24, the price-to-book (PB) ratio at 10.38, and the price-to-cash flow ratio at 410.46.
Fastenal Company pays a $1.12 dividend per share annually. It offers a dividend yield of 2.10%. The company has a payout ratio of 70.10%. The company’s most recent quarterly dividend payment took place on Aug. 24, and it was $0.28 a share, without any change from last year. Its dividend has been increased for the last 7 consecutive years with the latest decrease dividend $0.12 reported on Thursday January 21 2021. Dividends have grown by 56.25% each year over the last three years.
Fastenal Company will next go ex-dividend on 27-Oct. The next dividend payment Fastenal Company will make is expected to be $0.28.
The quick ratio of Fastenal Company for the three months ended June 29 was 2.10, and the current ratio was 4.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.13 and a total debt to equity ratio of 0.14 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 45.70% against a 5-year average of 48.0%. Fastenal Company’s EBITDA margin for the year ending June 29 is 23.07%, while its operating margin for the same period stands at 20.20%. Its gross profit as reported stood at $2.57 billion compared to revenue of $5.65 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Fastenal Company’s return on assets was 21.30%, compared to 21.7% over the last five years. In the past year, the return on investment has been 27.70%, and the 5-year average is 25.6%. Meanwhile, the return on equity (ROE) for the past 12 months has been 30.80% and the 5-year average holds at 30.7%. For the broader industry, ROE averaged 15.93 over the past year.
The analyst consensus anticipated Fastenal Company’s latest quarter earnings to come in at $0.41 per share, but it turned out to be $0.42, a 2.40% surprise. For the quarter, EBITDA amounted to $360.1 million. Shareholders own equity worth $574.74 million.
From a technical analysis perspective, let’s take a brief look at Fastenal Company (FAST) price momentum. RSI 9-day as of the close on 06 October was 55.53%, suggesting the stock is Neutral, with historical volatility in this time frame at 22.94%.
As of today, FAST’s price is $51.99 +3.26% or $1.68 from its 5-day moving average. FAST is currently trading -0.22% lower than its 20-day SMA and -0.71% lower than its 100-day SMA. However, the stock’s current price level is -1.35% below the SMA50 and +7.42% above the SMA200.
The stochastic %K and %D were 43.51% and 27.89%, respectively, and the average true range (ATR) was 1.06. With the 14-day stochastic at 72.55% and the average true range at 1.01, the RSI (14) stands at 50.68%. The stock has reached -0.01 on the 9-day MACD Oscillator while the 14-day reading was at -0.37.
Loop Capital launched coverage on Fastenal Company (NASDAQ: FAST) in its analyst report released on August 03, 2021. The firm assigned the stock a a Hold rating.The consensus rating for Fastenal Company (FAST) among analysts is Hold. According to current brokerage recommendations, 3 brokerage firms advise that investors sell FAST, while 9 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 1 others rate it as a “buy”.
What is FAST’s price target for the next 12 months?
Analysts predict a range of price targets between $46.00 and $65.00, with a median target of $50.50. Taking a look at these predictions, the average price target given by analysts for Fastenal Company (FAST) stock is $52.20.