Fastenal (NASDAQ:FAST) insider Gary A. Polipnick sold 2,634 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $53.45, for a total value of $140,787.30. Following the sale, the insider now directly owns 59,323 shares of the company’s stock, valued at approximately $3,170,814.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Fastenal (FAST) traded up $0.43 during trading on Tuesday, reaching $53.71. The company’s stock had a trading volume of 3,536,300 shares, compared to its average volume of 2,794,937. The company has a quick ratio of 2.45, a current ratio of 5.36 and a debt-to-equity ratio of 0.21. Fastenal has a 1 year low of $39.79 and a 1 year high of $55.35. The firm has a market capitalization of $15,440.00, a price-to-earnings ratio of 28.34, a P/E/G ratio of 1.97 and a beta of 1.08.

Fastenal (NASDAQ:FAST) last released its quarterly earnings data on Wednesday, October 11th. The company reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. Fastenal had a return on equity of 27.28% and a net margin of 12.73%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the company posted $0.44 earnings per share. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. sell-side analysts forecast that Fastenal will post 1.93 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Wednesday, October 25th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, October 24th. This represents a $1.28 annualized dividend and a yield of 2.38%. Fastenal’s dividend payout ratio is currently 68.45%.

Institutional investors have recently added to or reduced their stakes in the business. Commonwealth Bank of Australia increased its stake in shares of Fastenal by 44.9% in the second quarter. Commonwealth Bank of Australia now owns 2,429 shares of the company’s stock valued at $104,000 after buying an additional 753 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Fastenal in the third quarter valued at $114,000. Cable Hill Partners LLC acquired a new stake in shares of Fastenal in the third quarter valued at $126,000. Krilogy Financial LLC increased its stake in shares of Fastenal by 2.0% in the second quarter. Krilogy Financial LLC now owns 3,530 shares of the company’s stock valued at $154,000 after buying an additional 70 shares in the last quarter. Finally, QS Investors LLC increased its stake in shares of Fastenal by 1.6% in the second quarter. QS Investors LLC now owns 4,051 shares of the company’s stock valued at $176,000 after buying an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 84.53% of the company’s stock.

Several equities research analysts have recently weighed in on FAST shares. BMO Capital Markets reissued a “hold” rating and issued a $46.00 price objective on shares of Fastenal in a research report on Monday, August 21st. Stifel Nicolaus reissued a “hold” rating and issued a $46.00 price objective on shares of Fastenal in a research report on Tuesday, August 22nd. BidaskClub cut Fastenal from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. Morgan Stanley reissued an “equal weight” rating and issued a $46.00 price objective (up from $44.00) on shares of Fastenal in a research report on Monday, October 2nd. Finally, Stephens set a $54.00 price objective on Fastenal and gave the company a “buy” rating in a research report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $51.13.

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About Fastenal

Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. The Company is engaged in fastener distribution, and non-fastener maintenance and supply business. As of December 31, 2016, it distributed these supplies through a network of approximately 2,500 stores. Its customers are in the manufacturing and non-residential construction markets.

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

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