In yesterday’s Wall Street session, Fastenal Co. (NASDAQ:FAST) shares traded at $76.82, up 9.76% from the previous session.
FAST stock price is now 11.73% away from the 50-day moving average and 11.89% away from the 200-day moving average. The market capitalization of the company currently stands at $43.99B.
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With the price target of $85, BofA Securities recently initiated with Buy rating for Fastenal Co. (NASDAQ: FAST). On September 06, 2024, Morgan Stanley recently initiated its ‘Equal-Weight’ rating on the stock quoting a target price of $72, while ‘HSBC Securities’ rates the stock as ‘Hold’
In other news, FLORNESS DANIEL L, CEO sold 50,000 shares of the company’s stock on Sep 12 ’24. The stock was sold for $3,484,050 at an average price of $69.68. Upon completion of the transaction, the CEO now directly owns 286,018 shares in the company, valued at $21.97 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 12 ’24, Officer DANIEL LARS FLORNESS bought 50,000 shares of the business’s stock. A total of $3,484,050 was incurred on buying the stock at an average price of $69.68. 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 $55.07 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 4.40, and a quick ratio of 2.29. According to the stock market information, the enterprise value for the company is $44243329024, which is based on a 38.16 price-to-earnings ratio, a 4.90 price-to-earnings-growth ratio, and a beta of 1.00. The fifty day moving average price for FAST is $68.7544 and a two-hundred day moving average price translates $68.6595 for the stock.
The latest earnings results from Fastenal Co. (NASDAQ: FAST) was released for 2024-09-30. The net profit margin was 15.44% and return on equity was 32.70% 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.
