Fastenal Co. (NASDAQ: FAST) is 12.94% higher on its value in year-to-date trading and has touched a low of $49.99 and a high of $73.18 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FAST stock was last observed hovering at around $73.00 in the last trading session, with the day’s gains setting it 0.15%.
Currently trading at $73.15, the stock is 4.41% and 9.07% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.27 million and changing 0.21% at the moment leaves the stock 22.96% off its SMA200. FAST registered 43.65% gain for a year compared to 6-month gain of 28.78%. The firm has a 50-day simple moving average (SMA 50) of $5.74 and a 200-day simple moving average (SMA200) of $24.66.
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The stock witnessed a 6.94% loss in the last 1 month and extending the period to 3 months gives it a 20.75%, and is 4.38% 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 1.36% over the week and 1.43% over the month.
Fastenal Co. (FAST) has around 23201 employees, a market worth around $41.87B and $7.35B in sales. Current P/E ratio is 36.29 and Fwd P/E is 31.31. Profit margin for the company is 15.72%. Distance from 52-week low is 46.34% and -0.05% from its 52-week high. The company has generated returns on investments over the last 12 months (30.99%).
Fastenal Co. quarterly earnings per share for the current quarter are estimated at $0.53 with sales reaching $1.91B over the same period.The EPS is expected to grow by 6.56% this year, but quarterly earnings will post 6.50% year-over-year. Quarterly sales are estimated to grow 2.80% in year-over-year returns.
Fastenal Co. (FAST) Top Institutional Holders
1,505 institutions hold shares in Fastenal Co. (FAST), with institutional investors hold 85.29% of the company’s shares. The shares outstanding are 571.98M, and float is at 571.18M with Short Float at 3.43%. Institutions hold 85.14% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 69.73 million shares valued at $4.11 billion. The investor’s holdings represent 12.20% of the FAST Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 45.05 million shares valued at $2.66 billion to account for 7.88% of the shares outstanding. The other top investors are State Street Corporation which holds 27.47 million shares representing 4.81% and valued at over $1.62 billion, while Bank Of New York Mellon Corporation holds 4.31% of the shares totaling 24.62 million with a market value of $1.45 billion.
Fastenal Co. (FAST) Insider Activity
A total of 12 insider transactions have happened at Fastenal Co. (FAST) in the last six months, with sales accounting for 6 and purchases happening 6 times. The most recent transaction is an insider sale by Watts Jeffery Michael,the company’sCHIEF SALES OFFICER. SEC filings show that Watts Jeffery Michael sold 19,420 shares of the company’s common stock on Feb 20 at a price of $70.25 per share for a total of $1.36 million. Following the sale, the insider now owns 5940.0 shares.
Fastenal Co. disclosed in a document filed with the SEC on Feb 06 that Broersma Anthony Paul (EVP-OPERATIONS) sold a total of 5,586 shares of the company’s common stock. The trade occurred on Feb 06 and was made at $69.34 per share for $0.39 million. Following the transaction, the insider now directly holds 0.0 shares of the FAST stock.
Still, SEC filings show that on Jan 25, Drazkowski William Joseph (EXECUTIVE VICE-PRESIDENT) disposed off 11,968 shares at an average price of $69.10 for $0.83 million. The insider now directly holds 5,997 shares of Fastenal Co. (FAST).
Fastenal Co. (FAST): Who are the competitors?
The company’s main competitors (and peers) include Amazon.com Inc. (AMZN) that is trading 84.17% up over the past 12 months. Home Depot Inc. (HD) that is 26.65% higher over the same period.
