Fastenal Company (FAST) - FREE Research Report

Lundquist Nicholas J who is Executive Vice-President at Fastenal Company bought 3,000 shares at $46.78 on Nov. 12, 2013. Following this transaction, the Executive Vice-President owned 202,000 shares meaning that the stake was reduced by 1.51% with the 3,000 share transaction.

Nance Kenneth R. who is Executive Vice President at Fastenal Company bought 1,500 shares at $46.55 on Nov. 12, 2013. Following this transaction, the Executive Vice President owned 3,906 shares meaning that the stake was reduced by 62.34% with the 1,500 share transaction.

The shares most recently traded at $46.22, down $0.33, or 0.71% since the insider transaction. Historical insider transactions for Fastenal Company go as follows:

  • 4-Week # shares bought: 435
  • 4-Week # shares sold: 200,000
  • 12-Week # shares bought: 1,435
  • 12-Week # shares sold: 300,000
  • 24-Week # shares bought: 1,835
  • 24-Week # shares sold: 300,000

The average volume for Fastenal Company has been 1.8 million shares per day over the past 30 days. Fastenal Company has a market cap of $13.9 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 0.39% year to date as of the close of trading on Tuesday.

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 2.14%. The company has a P/E ratio of 31.0. Currently there are 3 analysts that rate Fastenal Company a buy, 1 analyst rates it a sell, and 6 rate it a hold.

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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 good cash flow from operations. 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.

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Data for this article provided by Zacks Investment Research
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