Fastenal Company (NASDAQ:FAST) insider Terry Modock Owen sold 30,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $48.02, for a total value of $1,440,600.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Fastenal Company (NASDAQ:FAST) remained flat at $$48.47 during trading hours on Friday. 1,440,966 shares of the stock traded hands, compared to its average volume of 2,822,468. The company has a debt-to-equity ratio of 0.21, a current ratio of 5.36 and a quick ratio of 2.45. The firm has a market cap of $13,890.00, a price-to-earnings ratio of 25.25, a P/E/G ratio of 1.76 and a beta of 1.06. Fastenal Company has a one year low of $39.79 and a one year high of $52.74.

Fastenal (NASDAQ:FAST) last released its earnings results on Wednesday, October 11th. The company reported $0.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.50. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. Fastenal had a return on equity of 27.28% and a net margin of 12.73%. Fastenal’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 earnings per share. equities analysts anticipate that Fastenal Company will post 1.93 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, October 25th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Tuesday, October 24th. Fastenal’s dividend payout ratio is currently 68.09%.

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Large investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC grew its holdings in Fastenal by 357.0% during the second quarter. Janus Henderson Group PLC now owns 1,822,655 shares of the company’s stock worth $79,340,000 after purchasing an additional 1,423,856 shares during the period. Amundi Pioneer Asset Management Inc. bought a new position in Fastenal during the third quarter worth about $64,702,000. Bank of New York Mellon Corp grew its holdings in Fastenal by 8.7% during the third quarter. Bank of New York Mellon Corp now owns 16,219,944 shares of the company’s stock worth $739,306,000 after purchasing an additional 1,297,185 shares during the period. Old Mutual Global Investors UK Ltd. grew its holdings in Fastenal by 580.8% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,496,666 shares of the company’s stock worth $68,218,000 after purchasing an additional 1,276,832 shares during the period. Finally, Neuberger Berman Group LLC bought a new position in Fastenal during the third quarter worth about $56,907,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have issued reports on FAST shares. KeyCorp reissued a “buy” rating and issued a $52.00 price target on shares of Fastenal in a research note on Thursday, October 12th. Northcoast Research started coverage on Fastenal in a research note on Tuesday, July 25th. They issued a “buy” rating and a $54.00 price target on the stock. BMO Capital Markets reissued a “market perform” rating and issued a $51.00 price target (up previously from $46.00) on shares of Fastenal in a research note on Tuesday, October 10th. Stephens set a $54.00 price target on Fastenal and gave the company a “buy” rating in a research note on Wednesday, October 11th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $46.00 price target on shares of Fastenal in a research note on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $50.80.

Fastenal Company Profile

Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. The Company is engaged in fastener distribution, and non-fastener maintenance and supply business. As of December 31, 2016, it distributed these supplies through a network of approximately 2,500 stores. Its customers are in the manufacturing and non-residential construction markets.

Insider Buying and Selling by Quarter for Fastenal (NASDAQ:FAST)

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