Fastenal Company (NASDAQ: FAST) is -4.16% lower on its value in year-to-date trading and has touched a low of $26.50 and a high of $51.89 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FAST stock was last observed hovering at around $46.32 in the last trading session, with the day’s gains setting it 0.48% off its average median price target of $49.50 for the next 12 months. It is also 22.0% off the consensus price target high of $60.00 offered by 17 analysts, but current levels are -17.0% lower than the price target low of $40.00 for the same period.
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Currently trading at $46.80, the stock is -0.58% and -3.53% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.2 million and changing 1.04% at the moment leaves the stock 3.04% off its SMA200. FAST registered 24.95% gain for a year compared to 6-month loss of -2.80%. The firm has a 50-day simple moving average (SMA 50) of $48.12 and a 200-day simple moving average (SMA200) of $47.17.
The stock witnessed a -1.93% gain in the last 1 month and extending the period to 3 months gives it a -1.66%, and is 0.36% up 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 2.07% over the week and 2.27% over the month.
Fastenal Company (FAST) has around 20365 employees, a market worth around $26.91B and $5.65B in sales. Current P/E ratio is 31.37 and Fwd P/E is 27.11. Profit margin for the company is 15.20%. Distance from 52-week low is 76.61% and -9.81% from its 52-week high. The company has generated returns on investments over the last 12 months (27.70%).
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”. 2 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 $0.37 with sales reaching $1.44B over the same period.The EPS is expected to grow by 8.40% this year, but quarterly earnings will post 4.90% year-over-year. Quarterly sales are estimated to grow 5.60% 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 574.10M, and float is at 572.45M with Short Float at 2.15%. Institutions hold 80.81% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 68.8 million shares valued at $3.36 billion. The investor’s holdings represent 11.98% of the FAST Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 44.03 million shares valued at $2.15 billion to account for 7.67% of the shares outstanding. The other top investors are Bank Of New York Mellon Corporation which holds 30.94 million shares representing 5.39% and valued at over $1.51 billion, while State Street Corporation holds 4.80% of the shares totaling 27.55 million with a market value of $1.35 billion.
Fastenal Company (FAST) Insider Activity
A total of 33 insider transactions have happened at Fastenal Company (FAST) in the last six months, with sales accounting for 10 and purchases happening 23 times. The most recent transaction is an insider purchase by DOLAN MICHAEL JOHN, the company’s Director. SEC filings show that DOLAN MICHAEL JOHN bought 2,500 shares of the company’s common stock on Feb 05 at a price of $47.31 per share for a total of $0.12 million. Following the purchase, the insider now owns 12500.0 shares.
Fastenal Company disclosed in a document filed with the SEC on Feb 04 that Ancius Michael J (Director) bought a total of 1,500 shares of the company’s common stock. The trade occurred on Feb 04 and was made at $46.23 per share for $69339.0. Following the transaction, the insider now directly holds 3984.0 shares of the FAST stock.
Still, SEC filings show that on Feb 01, Johnson Daniel L. (Director) acquired 1,080 shares at an average price of $46.50 for $50220.0. The insider now directly holds 8,595 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 28.22% up over the past 12 months. Lawson Products Inc. (LAWS) is 13.09% up on the 1-year trading charts. Short interest in the company’s stock has fallen -23.76% from the last report on Dec 30, 2020 to stand at a total of 15.26 million short shares sold with a short interest ratio of 3.69.