Fastenal Company Target of Unusually High Options Trading (FAST)
Fastenal Company (NASDAQ:FAST) was the recipient of unusually large options trading on Tuesday. Stock investors bought 1,311 put options on the stock, Stock Ratings Network.com reports. This is an increase of approximately 133% compared to the typical volume of 563 put options.
A number of analysts have recently weighed in on FAST shares. Analysts at Zacks reiterated a “neutral” rating on shares of Fastenal Company in a research note on Thursday, July 31st. They now have a $47.00 price target on the stock. Analysts at Edward Jones upgraded shares of Fastenal Company from a “hold” rating to a “buy” rating in a research note on Monday, July 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $49.67.
Shares of Fastenal Company (NASDAQ:FAST) traded up 1.15% during mid-day trading on Tuesday, hitting $45.05. The stock had a trading volume of 2,461,683 shares. Fastenal Company has a 52 week low of $42.48 and a 52 week high of $52.21. The stock’s 50-day moving average is $46.50 and its 200-day moving average is $47.80. The company has a market cap of $13.369 billion and a price-to-earnings ratio of 28.66.
Fastenal Company (NASDAQ:FAST) last posted its quarterly earnings results on Friday, July 11th. The company reported $0.44 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.44. The company had revenue of $949.94 million for the quarter, compared to the consensus estimate of $952.95 million. During the same quarter last year, the company posted $0.41 earnings per share. Fastenal Company’s revenue was up 12.1% compared to the same quarter last year. Analysts expect that Fastenal Company will post $1.67 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 22nd. Shareholders of record on Friday, July 25th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Wednesday, July 23rd.
Fastenal Company is engaged in selling industrial and construction supplies in a wholesale and retail fashion.
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