The price of Fastenal Co. (NASDAQ:FAST) shares last traded on Wall Street fell -1.66% to $68.83.
FAST stock price is now 5.67% away from the 50-day moving average and 4.49% away from the 200-day moving average. The market capitalization of the company currently stands at $39.41B.
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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, HSU Hsenghung Sam, Director bought 500 shares of the company’s stock on Jun 11 ’24. The stock was bought for $31,475 at an average price of $62.95. Upon completion of the transaction, the Director now directly owns 4,000 shares in the company, valued at $0.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 10 ’24, Director HSU Hsenghung Sam bought 500 shares of the business’s stock. A total of $31,640 was incurred on buying the stock at an average price of $63.28. This leaves the insider owning 3,500 shares of the company worth $0.24 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 $53.49 and a high of $79.04. As of last week, the company has a debt-to-equity ratio of 0.15, a current ratio of 4.39, and a quick ratio of 2.29. According to the stock market information, the enterprise value for the company is $39674150912, which is based on a 34.27 price-to-earnings ratio, a 5.41 price-to-earnings-growth ratio, and a beta of 1.01. The fifty day moving average price for FAST is $65.0372 and a two-hundred day moving average price translates $66.4856 for the stock.
The latest earnings results from Fastenal Co. (NASDAQ: FAST) was released for 2024-06-30. The net profit margin was 15.54% and return on equity was 33.51% for FAST. The company reported revenue of $1.92 billion for the quarter, compared to $1.88 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.76 percent.
