Fastenal Co. (NASDAQ: FAST) is 8.34% higher on its value in year-to-date trading and has touched a low of $55.07 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 $70.00 in the last trading session, with the day’s gains setting it 0.17%.
Currently trading at $70.17, the stock is -0.79% and 2.31% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.42 million and changing 0.24% at the moment leaves the stock 2.36% off its SMA200. FAST registered 25.82% gain for a year compared to 6-month loss of -7.55%. The firm has a 50-day simple moving average (SMA 50) of $68.587 and a 200-day simple moving average (SMA200) of $68.5518.
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The stock witnessed a 3.05% gain in the last 1 month and extending the period to 3 months gives it a 10.49%, and is -1.29% 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 1.52% over the week and 1.68% over the month.
Fastenal Co. (FAST) has around 23201 employees, a market worth around $40.18B and $7.42B in sales. Current P/E ratio is 34.93 and Fwd P/E is 32.11. Profit margin for the company is 15.54%. Distance from 52-week low is 27.41% and -11.22% from its 52-week high. The company has generated returns on investments over the last 12 months (30.29%).
with sales reaching $1.91B over the same period.The EPS is expected to grow by 0.56% this year, but quarterly earnings will post 3.20% year-over-year. Quarterly sales are estimated to grow 3.40% in year-over-year returns.
Fastenal Co. (FAST) Top Institutional Holders
1563.0 institutions hold shares in Fastenal Co. (FAST), with institutional investors hold 85.06% of the company’s shares. The shares outstanding are 571.98M, and float is at 571.48M with Short Float at 2.57%. Institutions hold 84.91% 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 50,000 shares of the company’s common stock on Sep 12 ’24 at a price of $69.68 per share for a total of $3.48 million. Following the sale, the insider now owns 0.29 million shares.
Still, SEC filings show that on Aug 21 ’24, FLORNESS DANIEL L (CEO) disposed off 45,744 shares at an average price of $68.14 for $3.12 million. The insider now directly holds 286,018 shares of Fastenal Co. (FAST).
