Fastenal (NASDAQ:FAST) – Equities research analysts at Northcoast Research lifted their Q1 2018 earnings estimates for shares of Fastenal in a report released on Thursday. Northcoast Research analyst R. Cieslak now anticipates that the company will post earnings per share of $0.60 for the quarter, up from their prior estimate of $0.52. Northcoast Research also issued estimates for Fastenal’s Q2 2018 earnings at $0.68 EPS, Q3 2018 earnings at $0.67 EPS and Q4 2018 earnings at $0.60 EPS.

A number of other research analysts have also commented on FAST. Morgan Stanley reiterated an “equal weight” rating and set a $46.00 price objective (up previously from $44.00) on shares of Fastenal in a research note on Monday, October 2nd. BMO Capital Markets reiterated a “market perform” rating and set a $51.00 price objective (up previously from $46.00) on shares of Fastenal in a research note on Tuesday, October 10th. Stephens set a $54.00 price objective on shares of Fastenal and gave the company a “buy” rating in a research note on Wednesday, October 11th. KeyCorp reiterated a “buy” rating and set a $52.00 price objective on shares of Fastenal in a research note on Thursday, October 12th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $51.00 price objective on shares of Fastenal in a research note on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $53.29.

Fastenal (NASDAQ:FAST) traded up $0.21 during midday trading on Friday, hitting $53.50. 1,000,752 shares of the company were exchanged, compared to its average volume of 3,146,167. Fastenal has a fifty-two week low of $39.79 and a fifty-two week high of $56.15. The company has a quick ratio of 2.45, a current ratio of 5.51 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $15,001.78, a price-to-earnings ratio of 26.62, a PEG ratio of 1.75 and a beta of 1.09.

Fastenal (NASDAQ:FAST) last posted its quarterly earnings data on Wednesday, January 17th. The company reported $0.45 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.45. Fastenal had a net margin of 13.18% and a return on equity of 27.39%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the business earned $0.40 earnings per share. The business’s revenue for the quarter was up 14.8% on a year-over-year basis.

A number of institutional investors have recently bought and sold shares of the stock. QS Investors LLC boosted its stake in Fastenal by 1.6% in the 2nd quarter. QS Investors LLC now owns 4,051 shares of the company’s stock worth $176,000 after purchasing an additional 63 shares during the period. Krilogy Financial LLC boosted its stake in Fastenal by 2.0% in the 2nd quarter. Krilogy Financial LLC now owns 3,530 shares of the company’s stock worth $154,000 after purchasing an additional 70 shares during the period. Roberts Glore & Co. Inc. IL boosted its stake in Fastenal by 1.6% in the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 5,041 shares of the company’s stock worth $219,000 after purchasing an additional 80 shares during the period. Sentry Investment Management LLC boosted its stake in Fastenal by 1.4% in the 2nd quarter. Sentry Investment Management LLC now owns 16,380 shares of the company’s stock worth $713,000 after purchasing an additional 230 shares during the period. Finally, Veritable L.P. boosted its stake in Fastenal by 6.5% in the 2nd quarter. Veritable L.P. now owns 5,743 shares of the company’s stock worth $250,000 after purchasing an additional 349 shares during the period. 84.57% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Leland J. Hein sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $48.00, for a total value of $480,000.00. Following the completion of the transaction, the vice president now owns 20,258 shares of the company’s stock, valued at approximately $972,384. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gary A. Polipnick sold 2,634 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $53.45, for a total transaction of $140,787.30. Following the completion of the transaction, the insider now directly owns 59,323 shares of the company’s stock, valued at approximately $3,170,814.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 62,746 shares of company stock worth $3,061,819. 0.55% of the stock is currently owned by company insiders.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Wednesday, January 31st will be given a $0.37 dividend. This is a positive change from Fastenal’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $1.48 annualized dividend and a yield of 2.77%. Fastenal’s payout ratio is 63.68%.

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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.

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