Economy

Fastenal Company (FAST) Insider Leland J. Hein Sells 10000 Shares

Fastenal Company (FAST) Insider Leland J. Hein Sells 10000 Shares”

Fastenal Company (NASDAQ:FAST) had an increase of 1.12% in short interest. The average estimate of Wall Street analysts had projected 0.5. The 52-Week High confirms a value of -11.57% * with the 52-Week Low of 22.45% *. Sales growth for the last five years strolls at 7.40% *. The firm is scheduled to issue its next quarterly earnings report on Wednesday, January 17th. On average, equities research analysts predict that Fastenal Company will post $1.93 EPS for the current year. Zacks' sales calculations are a mean average based on a survey of sell-side research analysts that follow Fastenal. The company reported $0.50 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.50. The stock of Fastenal Company (NASDAQ:FAST) has "Neutral" rating given on Thursday, August 27 by Susquehanna. The company had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter in the prior year, the business posted $0.44 EPS. Fastenal's revenue was up 11.8% compared to the same quarter previous year.

FAST has been the subject of several analyst reports. Mcdonald Capital Investors Inc acquired 14,030 shares as Fastenal Co (FAST)'s stock declined 14.06%. Morgan Stanley restated an "equal weight" rating and set a $46.00 price objective (up from $44.00) on shares of Fastenal in a research report on Monday, October 2nd. The company presently has an average rating of "Buy" and an average price target of $50.80. BMO Capital Markets restated a "market perform" rating and issued a $51.00 target price (up from $46.00) on shares of Fastenal in a research note on Tuesday, October 10th. The company had a trading volume of 798,690 shares. Finally, KeyCorp restated a "buy" rating and set a $52.00 target price on shares of Fastenal in a research report on Thursday, October 12th. Of the analysts who provided ratings, 4 rated the company a Hold, and 8 rated it a Strong Buy. The company now has an average rating of "Buy" and a consensus price target of $50.80. The company has a market cap of $12.22 billion, a price-to-earnings ratio of 24.17 and a beta of 0.99. Pacific Management Co holds 0.09% of its portfolio in Fastenal Company (NASDAQ:FAST) for 9,036 shares. Fastenal Co. The company has a 50 day moving average price of $41.91 and a 200-day moving average price of $44.29. Shares buyback plans are usually a sign that the company's board believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Moreover, First Republic Incorporated has 0.01% invested in Fastenal Company (NASDAQ:FAST) for 16,279 shares. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Tuesday, October 24th. Fastenal's dividend payout ratio is presently 68.09%. Fastenal Company (NASDAQ:FAST) has declined 2.09% since October 25, 2016 and is downtrending. If you are viewing this story on another site, it was illegally stolen and reposted in violation of global copyright and trademark legislation. BlackRock Inc. grew its position in shares of Fastenal by 1.9% during the 2nd quarter. The stock has "Buy" rating by Stifel Nicolaus on Wednesday, October 14. The shares were sold at an average price of $47.14, for a total value of $471,400.00. However, it is a general misunderstanding that a higher share price points towards a larger company where stock price might also misrepresent the definite worth of the organization. The stock has "Hold" rating by Jefferies on Friday, August 4.

Want to see what other hedge funds are holding FAST? State Street Corp grew its position in shares of Fastenal by 0.6% during the 1st quarter. Following the completion of the transaction, the insider now directly owns 20,258 shares in the company, valued at $987,374.92. Curbstone Financial Management Corp increased its stake in Fastenal by 1.1% during the 2nd quarter. 1,000 shares valued at $43,760 were bought by Lewis Holden on Thursday, May 25. Bank of America Corp DE now owns 3,870,109 shares of the company's stock valued at $199,311,000 after buying an additional 120,996 shares during the last quarter. Krilogy Financial LLC increased its stake in Fastenal by 2.0% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,558,766 shares of the company's stock valued at $76,380,000 after buying an additional 271,027 shares during the last quarter. BlackRock Inc. now owns 17,796,450 shares of the company's stock valued at $774,680,000 after buying an additional 336,893 shares during the last quarter. Following the sale, the insider now directly owns 21,290 shares of the company's stock, valued at approximately $1,003,610.60.

Fastenal Company is engaged in wholesale distribution of industrial and construction supplies.



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