In yesterday’s Wall Street session, Fastenal Co. (NASDAQ:FAST) shares traded at $74.74, down -1.53% from the previous session.
FAST stock price is now 1.80% away from the 50-day moving average and 19.32% away from the 200-day moving average. The market capitalization of the company currently stands at $42.78B.
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With the price target of $59, HSBC Securities recently initiated with Hold rating for Fastenal Co. (NASDAQ: FAST). On July 13, 2023, Stephens Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock keeping its target price maintained at $60, while ‘Stifel’ rates the stock as ‘Buy’
In other news, Miller Charles S., SENIOR EXECUTIVE VP sold 11,076 shares of the company’s stock on Mar 15 ’24. The stock was sold for $832,453 at an average price of $75.16. Upon completion of the transaction, the SENIOR EXECUTIVE VP now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 20 ’24, CHIEF SALES OFFICER Watts Jeffery Michael sold 19,420 shares of the business’s stock. A total of $1,364,208 was realized by selling the stock at an average price of $70.25. This leaves the insider owning 5,940 shares of the company worth $0.44 million. A total of 0.20% of the company’s stock is owned by insiders.
During the past 12 months, Fastenal Co. has had a low of $49.99 and a high of $79.04. As of last week, the company has a debt-to-equity ratio of 0.16, a current ratio of 4.57, and a quick ratio of 2.27. According to the stock market information, the enterprise value for the company is $43.77B, which is based on a 37.08 price-to-earnings ratio, a 5.86 price-to-earnings-growth ratio, and a beta of 1.04. The fifty day moving average price for FAST is $73.42 and a two-hundred day moving average price translates $62.84 for the stock.
The latest earnings results from Fastenal Co. (NASDAQ: FAST) was released for Dec, 2023. According to the Industrial Distribution Company, earnings per share came in at $0.46, beating analysts’ expectations of $0.45 by 0.01. This compares to $0.43 EPS in the same period last year. The net profit margin was 15.72% and return on equity was 35.47% for FAST. The company reported revenue of $1.76 billion for the quarter, compared to $1.7 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.72 percent. For the current quarter, analysts expect FAST to generate $1.91B in revenue.
