Fastenal (NASDAQ:FAST) CAO Sheryl Ann Lisowski Sells 13,567 Shares of Stock

Fastenal (NASDAQ:FAST) CAO Sheryl Ann Lisowski sold 13,567 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $76.19, for a total transaction of $1,033,669.73. Following the sale, the chief accounting officer now owns 5,096 shares of the company’s stock, valued at approximately $388,264.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Fastenal Stock Performance

Shares of FAST stock opened at $77.77 on Thursday. Fastenal has a 12-month low of $56.41 and a 12-month high of $79.04. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.39 and a quick ratio of 2.29. The firm has a market capitalization of $44.53 billion, a price-to-earnings ratio of 38.69, a price-to-earnings-growth ratio of 4.13 and a beta of 1.01. The business has a 50 day simple moving average of $69.46 and a 200 day simple moving average of $67.95.

Fastenal (NASDAQ:FAST) last released its quarterly earnings results on Friday, October 11th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Fastenal had a return on equity of 33.54% and a net margin of 15.54%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 earnings per share. On average, equities research analysts anticipate that Fastenal will post 2.04 EPS for the current year.

Fastenal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.56 annualized dividend and a yield of 2.01%. Fastenal’s payout ratio is 77.61%.

Institutional Trading of Fastenal

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Syon Capital LLC acquired a new stake in Fastenal in the fourth quarter worth approximately $315,000. SageView Advisory Group LLC acquired a new stake in shares of Fastenal in the fourth quarter valued at $975,000. Nomura Holdings Inc. bought a new position in Fastenal during the fourth quarter valued at about $747,000. Arden Trust Co acquired a new position in Fastenal during the first quarter worth about $206,000. Finally, CWM LLC grew its stake in shares of Fastenal by 5.5% in the 1st quarter. CWM LLC now owns 20,726 shares of the company’s stock worth $1,599,000 after purchasing an additional 1,084 shares during the last quarter. 81.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FAST. Morgan Stanley lifted their price target on shares of Fastenal from $72.00 to $76.00 and gave the company an “equal weight” rating in a report on Monday. Stifel Nicolaus restated a “buy” rating and issued a $86.00 target price (up from $80.00) on shares of Fastenal in a research note on Monday. Robert W. Baird increased their price target on Fastenal from $67.00 to $80.00 and gave the stock a “neutral” rating in a research report on Monday. Stephens raised their price target on Fastenal from $56.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Bank of America assumed coverage on Fastenal in a research note on Monday, October 7th. They set a “buy” rating and a $85.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Fastenal has a consensus rating of “Hold” and a consensus price target of $73.33.

About Fastenal

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, North America, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, bolts, nuts, screws, studs, and related washers that are used in manufactured products and construction projects, as well as in the maintenance and repair of machines.