Fastenal Co (NASDAQ: FAST) is 26.85% higher on its value in year-to-date trading and has touched a low of $59.09 and a high of $84.88 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 $83.62 in the last trading session, with the day’s loss setting it -1.46%.
Currently trading at $82.16, the stock is 3.46% and 10.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.21 million and changing -1.75% at the moment leaves the stock 16.93% off its SMA200. FAST registered 35.53% gain for a year compared to 6-month gain of 22.98%. The firm has a 50-day simple moving average (SMA 50) of $74.6372 and a 200-day simple moving average (SMA200) of $70.2657.
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The stock witnessed a 5.64% loss in the last 1 month and extending the period to 3 months gives it a 21.81%, and is -1.13% 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 1.81% over the week and 1.66% over the month.
Fastenal Co (FAST) has around 23201 employees, a market worth around $47.07B and $7.48B in sales. Current P/E ratio is 40.83 and Fwd P/E is 37.42. Profit margin for the company is 15.44%. Distance from 52-week low is 39.03% and -3.20% from its 52-week high. The company has generated returns on investments over the last 12 months (29.54%).
The EPS is expected to grow by 0.66% this year
1591.0 institutions hold shares in Fastenal Co (FAST), with institutional investors hold 84.96% of the company’s shares. The shares outstanding are 571.98M, and float is at 571.72M with Short Float at 2.32%. Institutions hold 84.82% 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 Johnson Daniel L., the company’s Director. SEC filings show that Johnson Daniel L. sold 8,474 shares of the company’s common stock on Nov 13 ’24 at a price of $83.36 per share for a total of $0.71 million. Following the sale, the insider now owns 10595.0 shares.
Still, SEC filings show that on Nov 13 ’24, DANIEL JOHNSON (Director) Proposed Sale 8,474 shares at an average price of $83.36 for $0.71 million. The insider now directly holds shares of Fastenal Co (FAST).
