Fastenal Co. (NASDAQ: FAST) is 0.63% higher on its value in year-to-date trading and has touched a low of $53.49 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 $65.53 in the last trading session, with the day’s loss setting it -0.35%.
Currently trading at $65.18, the stock is -2.61% and -2.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.06 million and changing -0.53% at the moment leaves the stock -3.52% off its SMA200. FAST registered 16.96% gain for a year compared to 6-month loss of -12.30%.
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The stock witnessed a -0.59% gain in the last 1 month and extending the period to 3 months gives it a -0.02%, and is -3.31% 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 2.19% over the week and 1.79% over the month.
Fastenal Co. (FAST) has around 23201 employees, a market worth around $37.33B and $7.42B in sales. Current P/E ratio is 32.45 and Fwd P/E is 29.67. Profit margin for the company is 15.54%. Distance from 52-week low is 21.84% and -17.54% from its 52-week high. The company has generated returns on investments over the last 12 months (30.29%).
Fastenal Co. quarterly earnings per share for the current quarter are estimated at 0.52 with sales reaching $1.92B over the same period.The EPS is expected to grow by 0.95% this year, but quarterly earnings will post 3.30% year-over-year. Quarterly sales are estimated to grow 3.70% in year-over-year returns.
1583.0 institutions hold shares in Fastenal Co. (FAST), with institutional investors hold 85.05% of the company’s shares. The shares outstanding are 571.98M, and float is at 571.47M with Short Float at 2.33%. Institutions hold 84.90% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 71.29 million shares valued at $4.48 billion. The investor’s holdings represent 12.4551 of the FAST Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 46.44 million shares valued at $2.92 billion to account for 8.1132 of the shares outstanding. The other top investors are STATE STREET CORP which holds 26.64 million shares representing 4.655 and valued at over $1.67 billion, while BANK OF NEW YORK MELLON CORP holds 3.7895 of the shares totaling 21.69 million with a market value of $1.36 billion.
Fastenal Co. (FAST) Insider Activity
The most recent transaction is an insider sale by FLORNESS DANIEL L, the company’s CEO. SEC filings show that FLORNESS DANIEL L sold 45,744 shares of the company’s common stock on Aug 21 ’24 at a price of $68.14 per share for a total of $3.12 million. Following the sale, the insider now owns 0.29 million shares.
Still, SEC filings show that on Jun 10 ’24, HSU Hsenghung Sam (Director) acquired 500 shares at an average price of $63.28 for $31640.0. The insider now directly holds 3,500 shares of Fastenal Co. (FAST).
