Keep An Eye On Fastenal Company’s Insider Activity (FAST)

The stock of Fastenal Company (NASDAQ:FAST) increased by $1.26 on Tuesday to finish at $49.74, up 2.60 percent. The last five days have seen an average of 4,142,040 shares of common stock traded. 1 time new highs were reached in the current year, with a fall of -$14.32. The average number of shares traded over the last 20 days was 2,953,870, while the average volume over the last 50 days totaled 3,452,234.

FAST stock dropped -3.12% since last month. On 06/17/22, the company’s shares reached a one-month low of $48.10. The stock touched a high of $64.75 on 01/03/22, after rallying from a low of $48.10 in 52 weeks. The price of FAST stock has declined by -22.35% or -$14.32 this year, reaching a new high 1 time. Still, the stock price is down -23.18% from the 52-week high.


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Insider Transactions

There have been 7 days since Fastenal Company (FAST) last reported insider trading activity on Jun 15. On Jun 15, EXECUTIVE VICE PRESIDENT Jansen James C acquired 1,000 shares at $48.92 each. This transaction resulted in the insider spending $48,920. On Jun 15, Lewis Holden added 1,000 shares at a price of US$49.44. After the transaction, the insider now owns 9,582 shares. Director Ancius Michael J had earlier bought 678 shares on Jun 15 for $49.18 a share. The transaction was completed for $33,344.

Valuation Metrics

Fastenal Company (FAST) has a trailing price-to-earnings (P/E) ratio of 29.19. Beta for the stock is 1.24. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.57, the price-to-book (PB) ratio of 9.11.

Company paid $0.31 per share in dividends, remained unchanged from $0.31 last year. A $0.03 dividend increase was reported on Tuesday January 18 2022.

Financial Health

For the three months ended March 30, Fastenal Company’s quick ratio was 1.90, while its current ratio was 4.10, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 0.11, and the total debt to equity ratio is 0.12. As far as profitability goes, gross margin for the trailing twelve months is 46.50% percent. Fastenal Company’s operating margin stood at 20.60% for the same period. Based on annual data, it had gross profit of $2.78 billion and revenue of $6.01 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. FAST’s return on assets (ROA) during the last 12 months has been 22.90%. There was a 27.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 32.70%.

Earnings Surprise

According to Fastenal Company’s quarterly financial report for the quarter that ended March 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.7 billion, while revenues rose by 16.85% to $1.53 billion. It was predicted that Fastenal Company’s quarterly earnings would be $0.47, but it ended up being $0.45, beating the consensus by 4.40%. EBITDA was $401.9 million for the quarter. At the end of Fastenal Company’s most recent quarter ended March 30, its liabilities totaled 1.32 billion, while its total debt was $615.9 million. Equity owned by shareholders amounts to $575.61 million.

Technical Picture

Here’s a quick look at Fastenal Company’s (FAST) price momentum from a technical perspective. As of 21 June, the RSI 9-day stood at 38.11%, suggesting the stock is Neutral, with a 26.46% historical volatility rate.

The stochastic %K and %D were 11.28% and 8.62% respectively, while the average true range (ATR) was 1.42. Based on the 14-day stochastic reading of 23.11%, the RSI (14) reading is 39.04%. On the 9-day MACD Oscillator, the stock is at -1.51, and the 14-day reading is at -2.99.

Analyst Ratings

In its most recent analyst report, Wells Fargo raised its rating on Fastenal Company (NASDAQ: FAST) to an Equal weight. Prior to this, analysts firm rated the stock as an Underweight. Analysts have assigned Fastenal Company (FAST) an Hold rating. FAST is a stock that is recommended for selling by 3 brokerage firms, while 9 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 2 others recommend it as a buy.

What is FAST’s price target for the next 12 months?

The current consensus forecast for the stock is between $48.00 and $70.00, with a median target price of $57.50. In analyzing these forecasts, the average price target given by analysts for Fastenal Company (FAST) is $57.50.

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