Fastenal (NASDAQ:FAST) CAO Sheryl Ann Lisowski sold 5,615 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $33.50, for a total transaction of $188,102.50. Following the completion of the sale, the chief accounting officer now directly owns 10,382 shares of the company’s stock, valued at $347,797. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Fastenal stock traded up $0.13 during trading hours on Thursday, reaching $33.63. The stock had a trading volume of 3,835,991 shares, compared to its average volume of 4,619,542. The company has a market cap of $18.39 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 1.46 and a beta of 1.23. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.68 and a quick ratio of 2.13. The business’s 50 day moving average price is $30.44 and its 200-day moving average price is $46.26. Fastenal has a 52 week low of $24.00 and a 52 week high of $35.94.

Fastenal (NASDAQ:FAST) last announced its earnings results on Thursday, July 11th. The company reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.01). The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.38 billion. Fastenal had a return on equity of 32.27% and a net margin of 14.74%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.37 earnings per share. On average, sell-side analysts forecast that Fastenal will post 1.37 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, July 25th were issued a $0.22 dividend. The ex-dividend date was Wednesday, July 24th. This represents a $0.88 dividend on an annualized basis and a yield of 2.62%. Fastenal’s dividend payout ratio is presently 66.67%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Strategy Asset Managers LLC acquired a new position in shares of Fastenal during the first quarter valued at about $32,000. Trustcore Financial Services LLC acquired a new position in shares of Fastenal during the first quarter valued at about $43,000. Bremer Bank National Association acquired a new position in shares of Fastenal during the first quarter valued at about $53,000. Farmers & Merchants Investments Inc. increased its holdings in shares of Fastenal by 94.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 774 shares of the company’s stock valued at $25,000 after acquiring an additional 375 shares in the last quarter. Finally, Advisors Preferred LLC acquired a new position in shares of Fastenal during the second quarter valued at about $26,000. Hedge funds and other institutional investors own 84.90% of the company’s stock.

FAST has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Fastenal from a “sell” rating to a “hold” rating and set a $34.00 target price for the company in a report on Tuesday. Morgan Stanley reduced their target price on shares of Fastenal from $31.50 to $29.00 and set an “equal weight” rating for the company in a report on Friday, July 12th. ValuEngine downgraded shares of Fastenal from a “sell” rating to a “strong sell” rating in a report on Thursday, May 23rd. Wells Fargo & Co reduced their target price on shares of Fastenal from $35.00 to $30.00 and set a “market perform” rating for the company in a report on Friday, July 12th. Finally, Buckingham Research reduced their target price on shares of Fastenal from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $31.50.

About Fastenal

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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