News articles about Fastenal (NASDAQ:FAST) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Fastenal earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.8953445336354 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
A number of equities research analysts have issued reports on the company. Stifel Nicolaus increased their price target on Fastenal from $54.00 to $55.00 and gave the stock a “hold” rating in a research note on Tuesday, April 3rd. BidaskClub lowered Fastenal from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 13th. Zacks Investment Research lowered Fastenal from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Stephens restated a “buy” rating and set a $60.00 price objective on shares of Fastenal in a research report on Wednesday, April 11th. Finally, Goldman Sachs initiated coverage on Fastenal in a research report on Sunday, March 18th. They set a “sell” rating and a $49.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $54.07.
Shares of Fastenal stock traded down $0.15 during trading on Thursday, reaching $52.87. 1,968,842 shares of the stock traded hands, compared to its average volume of 2,904,447. The firm has a market cap of $15.10 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 1.50 and a beta of 1.01. The company has a quick ratio of 2.30, a current ratio of 5.11 and a debt-to-equity ratio of 0.18. Fastenal has a 52-week low of $52.38 and a 52-week high of $52.89.
Fastenal (NASDAQ:FAST) last issued its quarterly earnings data on Wednesday, April 11th. The company reported $0.61 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.61. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. Fastenal had a return on equity of 28.69% and a net margin of 13.66%. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 earnings per share. equities analysts expect that Fastenal will post 2.51 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 23rd. Investors of record on Wednesday, April 25th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Tuesday, April 24th. Fastenal’s payout ratio is 76.68%.
In related news, insider William Joseph Drazkowski sold 7,500 shares of the stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $56.64, for a total value of $424,800.00. Following the completion of the transaction, the insider now owns 9,460 shares of the company’s stock, valued at approximately $535,814.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider James C. Jansen sold 29,758 shares of the stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $52.51, for a total transaction of $1,562,592.58. Following the completion of the transaction, the insider now directly owns 22,588 shares of the company’s stock, valued at approximately $1,186,095.88. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 2,155 shares of company stock valued at $107,678. 0.56% of the stock is owned by insiders.
Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally. It offers fasteners, and other industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, such as bolts, nuts, screws, studs, and related washers, which are used in manufactured products and construction projects, as well as in the maintenance and repair of machines.
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