Fastenal Company (NASDAQ: FAST) is 33.23% higher on its value in year-to-date trading and has touched a low of $26.50 and a high of $50.47 in the current 52-week trading range. The FAST stock was last observed hovering at around $49.07 in the last trading session, with the day’s loss setting it -0.24% off its average median price target of $47.50 for the next 12 months. It is also 11.22% off the consensus price target high of $55.00 offered by 17 analysts, but current levels are -28.5% lower than the price target low of $38.00 for the same period.
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Currently trading at $48.83, the stock is -0.55% and 3.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.35 million and changing -0.49% at the moment leaves the stock 14.05% off its SMA200. FAST registered 32.23% gain for a year compared to 6-month gain of 11.78%. The firm has a 50-day simple moving average (SMA 50) of $48.80 and a 200-day simple moving average (SMA200) of $46.18.
The stock witnessed a 0.64% loss in the last 1 month and extending the period to 3 months gives it a 9.98%, and is -0.53% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.71% over the week and 2.01% over the month.
Fastenal Company (FAST) has around 20336 employees, a market worth around $28.17B and $5.57B in sales. Current P/E ratio is 33.38 and Fwd P/E is 31.65. Profit margin for the company is 15.10%. Distance from 52-week low is 84.27% and -3.25% from its 52-week high. The company has generated returns on investments over the last 12 months (26.70%).
Fastenal Company (FAST) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Fastenal Company (FAST) is a “Hold”. 17 analysts offering their recommendations for the stock have an average rating of 2.80, where 11 rate it as a Hold and 1 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.
Fastenal Company is expected to release its quarterly report on 04/13/2021 and quarterly earnings per share for the current quarter are estimated at $0.33 with sales reaching $1.33B over the same period.The EPS is expected to grow by 6.60% this year, but quarterly earnings will post 5.40% year-over-year. Quarterly sales are estimated to grow 4.40% in year-over-year returns.
Fastenal Company (FAST) Top Institutional Holders
1,232 institutions hold shares in Fastenal Company (FAST), with 1.87M shares held by insiders accounting for 0.32% while institutional investors hold 81.08% of the company’s shares. The shares outstanding are 573.90M, and float is at 572.19M with Short Float at 2.33%. Institutions hold 80.81% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 69.65 million shares valued at $3.14 billion. The investor’s holdings represent 12.13% of the FAST Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 45.11 million shares valued at $2.03 billion to account for 7.86% of the shares outstanding. The other top investors are Bank Of New York Mellon Corporation which holds 30.66 million shares representing 5.34% and valued at over $1.38 billion, while State Street Corporation holds 4.74% of the shares totaling 27.2 million with a market value of $1.23 billion.
Fastenal Company (FAST) Insider Activity
The most recent transaction is an insider sale by Lisowski Sheryl Ann, the company’s CAO/Controller/Treasurer. SEC filings show that Lisowski Sheryl Ann sold 7,114 shares of the company’s common stock on Dec 15 at a price of $49.62 per share for a total of $0.35 million. Following the sale, the insider now owns 2034.0 shares.
Fastenal Company disclosed in a document filed with the SEC on Nov 30 that Jansen James C (Executive Vice President) sold a total of 35,000 shares of the company’s common stock. The trade occurred on Nov 30 and was made at $49.50 per share for $1.73 million. Following the transaction, the insider now directly holds 25176.0 shares of the FAST stock.
Still, SEC filings show that on Oct 21, Ancius Michael J (Director) acquired 550 shares at an average price of $44.30 for $24365.0. The insider now directly holds 1,100 shares of Fastenal Company (FAST).
Fastenal Company (FAST): Who are the competitors?
The company’s main competitors (and peers) include W.W. Grainger Inc. (GWW) that is trading 18.46% up over the past 12 months. Lawson Products Inc. (LAWS) is -3.27% down on the 1-year trading charts. Short interest in the company’s stock has fallen -2.03% from the last report on Nov 12, 2020 to stand at a total of 13.6 million short shares sold with a short interest ratio of 4.32.