Fastenal (FAST) Getting Somewhat Favorable News Coverage, Analysis Shows

Media stories about Fastenal (NASDAQ:FAST) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Fastenal earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.2830540654314 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the headlines that may have impacted Accern Sentiment’s scoring:

Several equities research analysts have recently commented on the company. BidaskClub raised Fastenal from a “hold” rating to a “buy” rating in a research note on Saturday, May 19th. KeyCorp reissued a “buy” rating on shares of Fastenal in a research note on Friday, April 13th. Zacks Investment Research lowered Fastenal from a “buy” rating to a “hold” rating in a research note on Friday, April 13th. Wells Fargo & Co set a $49.00 price target on Fastenal and gave the stock a “hold” rating in a research note on Thursday, April 12th. Finally, Stephens reissued a “buy” rating and set a $60.00 price target on shares of Fastenal in a research note on Wednesday, April 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Fastenal currently has an average rating of “Buy” and a consensus target price of $54.07.

FAST stock traded down $0.30 on Friday, reaching $52.50. The company had a trading volume of 1,531,300 shares, compared to its average volume of 2,839,791. Fastenal has a 1 year low of $39.79 and a 1 year high of $58.74. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.30 and a current ratio of 5.11. The firm has a market cap of $15.12 billion, a P/E ratio of 27.20, a PEG ratio of 1.50 and a beta of 1.01.

Fastenal (NASDAQ:FAST) last posted its earnings results on Wednesday, April 11th. The company reported $0.61 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.61. Fastenal had a return on equity of 28.69% and a net margin of 13.66%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the company earned $0.46 EPS. Fastenal’s revenue was up 13.2% on a year-over-year basis. research analysts predict that Fastenal will post 2.51 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 23rd. Investors of record on Wednesday, April 25th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend was Tuesday, April 24th. Fastenal’s payout ratio is currently 76.68%.

In other Fastenal news, CFO Holden Lewis purchased 1,000 shares of Fastenal stock in a transaction on Monday, April 30th. The shares were bought at an average price of $50.28 per share, with a total value of $50,280.00. Following the purchase, the chief financial officer now directly owns 3,000 shares in the company, valued at approximately $150,840. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider James C. Jansen sold 29,758 shares of the stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $52.51, for a total value of $1,562,592.58. Following the transaction, the insider now directly owns 22,588 shares in the company, 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 worth $107,678. 0.56% of the stock is owned by corporate insiders.

Fastenal Company Profile

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.

Insider Buying and Selling by Quarter for Fastenal (NASDAQ:FAST)

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