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Fastenal Co. (FAST) Stock Could Soon Reward Patient Investors

Fastenal Co. (NASDAQ: FAST) is 2.53% higher on its value in year-to-date trading and has touched a low of $52.53 and a high of $79.04 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 $66.74 in the last trading session, with the day’s loss setting it -0.33%.

Currently trading at $66.41, the stock is -3.72% and -8.94% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.5 million and changing -0.49% at the moment leaves the stock 4.28% off its SMA200. FAST registered 22.26% gain for a year compared to 6-month gain of 11.75%.

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The stock witnessed a -12.49% loss in the last 1 month and extending the period to 3 months gives it a -4.42%, and is -2.25% 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 1.98% over the month.

Fastenal Co. (FAST) has around 23201 employees, a market worth around $38.02B and $7.38B in sales. Current P/E ratio is 32.89 and Fwd P/E is 29.03. Profit margin for the company is 15.68%. Distance from 52-week low is 26.42% and -15.98% from its 52-week high. The company has generated returns on investments over the last 12 months (30.34%).

The EPS is expected to grow by 4.15% this year.

Fastenal Co. (FAST) Top Institutional Holders

The shares outstanding are 571.98M, and float is at 571.39M with Short Float at 3.00%.

Fastenal Co. (FAST) Insider Activity

The most recent transaction is an insider purchase by Johnson Daniel L.,the company’sDirector. SEC filings show that Johnson Daniel L. bought 3,350 shares of the company’s common stock on Apr 17 ’24 at a price of $68.38 per share for a total of $0.23 million. Following the purchase, the insider now owns 10595.0 shares.

Fastenal Co. disclosed in a document filed with the SEC on Mar 15 ’24 that Miller Charles S. (SENIOR EXECUTIVE VP) sold a total of 11,076 shares of the company’s common stock. The trade occurred on Mar 15 ’24 and was made at $75.16 per share for $0.83 million. Following the transaction, the insider now directly holds 0.0 shares of the FAST stock.

Still, SEC filings show that on Feb 20 ’24, Watts Jeffery Michael (CHIEF SALES OFFICER) disposed off 19,420 shares at an average price of $70.25 for $1.36 million. The insider now directly holds 5,940 shares of Fastenal Co. (FAST).

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