Fastenal (NASDAQ:FAST)‘s stock had its “buy” rating reissued by equities research analysts at Robert W. Baird in a research note issued on Wednesday.

Other equities analysts have also issued research reports about the company. Zacks Investment Research lowered Fastenal from a “buy” rating to a “hold” rating in a research note on Tuesday. BMO Capital Markets reaffirmed a “hold” rating and set a $57.00 price target on shares of Fastenal in a research note on Tuesday, January 9th. Credit Suisse Group reaffirmed an “outperform” rating and set a $61.00 price target (up previously from $52.00) on shares of Fastenal in a research note on Tuesday, January 9th. Stifel Nicolaus reaffirmed a “hold” rating and set a $51.00 price target on shares of Fastenal in a research note on Monday, December 11th. Finally, KeyCorp reaffirmed a “buy” rating and set a $52.00 price target on shares of Fastenal in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $52.93.

Fastenal (NASDAQ FAST) traded down $3.24 during trading on Wednesday, reaching $52.20. The company’s stock had a trading volume of 8,706,003 shares, compared to its average volume of 2,210,000. The company has a current ratio of 5.36, a quick ratio of 2.45 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $15,000.00, a price-to-earnings ratio of 27.91, a P/E/G ratio of 1.86 and a beta of 1.09. Fastenal has a one year low of $39.79 and a one year high of $56.15.

Fastenal (NASDAQ:FAST) last posted its quarterly earnings data on Wednesday, January 17th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.08. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. Fastenal had a return on equity of 27.28% and a net margin of 12.73%. The business’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.40 earnings per share. equities analysts forecast that Fastenal will post 1.93 EPS for the current year.

In other Fastenal news, insider Gary A. Polipnick sold 2,634 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $53.45, for a total value of $140,787.30. Following the transaction, the insider now owns 59,323 shares of the company’s stock, valued at $3,170,814.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Terry Modock Owen sold 30,000 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $48.02, for a total value of $1,440,600.00. The disclosure for this sale can be found here. Insiders sold 62,746 shares of company stock worth $3,061,819 in the last three months. Insiders own 0.55% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in FAST. Federated Investors Inc. PA lifted its stake in Fastenal by 247.4% in the second quarter. Federated Investors Inc. PA now owns 7,053 shares of the company’s stock valued at $307,000 after buying an additional 5,023 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Fastenal by 280.3% in the second quarter. JPMorgan Chase & Co. now owns 245,340 shares of the company’s stock worth $10,681,000 after acquiring an additional 180,836 shares in the last quarter. Commonwealth Bank of Australia increased its holdings in shares of Fastenal by 44.9% in the second quarter. Commonwealth Bank of Australia now owns 2,429 shares of the company’s stock worth $104,000 after acquiring an additional 753 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Fastenal by 45.8% in the second quarter. Franklin Resources Inc. now owns 36,441 shares of the company’s stock worth $1,586,000 after acquiring an additional 11,439 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Fastenal by 1.9% in the second quarter. BlackRock Inc. now owns 17,796,450 shares of the company’s stock worth $774,680,000 after acquiring an additional 336,893 shares in the last quarter. 84.57% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Fastenal (NASDAQ:FAST)

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