Insider Trading Alert - Fastenal Company And 4 Others Traded By Insiders

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Yesterday, Oct. 15, 2013, 94 U.S. common stocks issued filings of shares being bought or sold by insiders. The transactions ranged in value from $5.48 to $122,908,412.25.

Highlighted Stocks Traded by Insiders:

Fastenal Company (FAST) - FREE Research Report

Ancius Michael J who is Director at Fastenal Company bought 525 shares at $47.91 on Oct. 15, 2013. Following this transaction, the Director owned 6,910 shares meaning that the stake was reduced by 8.22% with the 525 share transaction.

The shares most recently traded at $50.45, up $2.54, or 5.03% since the insider transaction. Historical insider transactions for Fastenal Company go as follows:

  • 4-Week # shares bought: 1,000
  • 12-Week # shares bought: 1,000
  • 24-Week # shares bought: 1,400

The average volume for Fastenal Company has been 1.6 million shares per day over the past 30 days. Fastenal Company has a market cap of $14.8 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 7.03% year to date as of the close of trading on Friday.

Fastenal Company, together with its subsidiaries, operates as a wholesaler and retailer of industrial and construction supplies in the United States, Canada, and internationally. The company offers fasteners and other industrial and construction supplies under the Fastenal name. The stock currently has a dividend yield of 2%. The company has a P/E ratio of 34.0. Currently there are 3 analysts that rate Fastenal Company a buy, 1 analyst rates it a sell, and 7 rate it a hold.

Exclusive Offer: Get the latest Stock Analysis on FAST - FREE

TheStreet Quant Ratings rates Fastenal Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Fastenal Company Ratings Report from TheStreet Quant Ratings now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you liked this article you might like

Why You Must Immediately Short Amazon, Starbucks, Disney and 3 Other Stocks

Why You Should Short Amazon, Starbucks, Disney and These Other Stocks

No Good Stock Left Behind: Cramer's 'Mad Money' Recap (Tuesday 7/25/17)

Hertz Global Holdings, Honeywell, PetMed Express, Allergan: 'Mad Money' Lightning Round

Why Fastenal May Be One of the Best Second-Half Buys