Published: Fri, July 14, 2017
Sci-tech | By Carrie Guzman

Fastenal Company (NASDAQ:FAST) declared dividend of $0.32 per share


According to the analysts, Fastenal Co (NASDAQ:FAST) is expected to announce $0.5/share EPS for the current quarter. These analysts have also projected a Low Estimate of $0.47/share and a High Estimate of $0.52/share. Diluted net earnings per share were up 13.4% to $0.52 per share from $0.45 per share in the corresponding quarter of the prior year. The stock of Fastenal Company (NASDAQ:FAST) earned "Outperform" rating by William Blair on Monday, December 5.

Several research firms have recently weighed in on FAST. The firm had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.11 billion. Presently, it has a Return on Equity (ROE) of 26.40% and Return on Investment (ROI) of 21.80%. The dividend payment was $0.320 per share for the quarter or $1.28 on an annualized basis. During the same quarter in the previous year, the business earned $0.46 EPS. $48.08's average target is 12.55% above currents $42.72 stock price. Fastenal Company also was the target of unusually large options trading on Tuesday. Argus Research initiated Fastenal Company (NASDAQ:FAST) on Tuesday, March 8 with "Buy" rating. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold.

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Fastenal Company (FAST) traded up 2.35% during trading on Tuesday, hitting $43.53. Stonebridge Capital Management Inc acquired 25,715 shares as Fastenal Co Com (FAST)'s stock declined 14.06%. The Beta for the stock stands at 0.98. The firm's 50 day moving average is $43.41 and its 200-day moving average is $47.58. Also, Director Darren R. Jackson purchased 5,000 shares of the business's stock in a transaction that occurred on Friday, April 28th. The shares were bought at an average price of $44.75 per share, with a total value of $223,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The Stock now has a Weekly Volatility of 1.79% and Monthly Volatility of 1.99%. The shares were purchased at an average price of $43.76 per share, for a total transaction of $43,760.00. Following the purchase, the chief financial officer now directly owns 1,000 shares in the company, valued at approximately $43,760. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 6,700 shares of company stock worth $299,343. Adage Cap Prns Group Incorporated Lc invested in 101,508 shares or 0.01% of the stock. It fall, as 31 investors sold WPX Energy Inc shares while 111 reduced holdings. Liberty Capital Management Inc. raised its position in shares of Fastenal Company by 6.9% in the first quarter. $501,912 worth of Fastenal Company (NASDAQ:FAST) shares were sold by OBERTON WILLARD D. The stock witnessed -2.89% declines, -15.14% declines and -8.15% declines for the 1-month, 3-month and 6-month period, respectively. The Stonebridge Capital Management Inc holds 39,520 shares with $1.86M value, up from 13,805 last quarter. Suntrust Banks Inc. raised its stake in shares of Fastenal Company by 0.8% in the first quarter. Institutional investors own 82.32% of the company's stock. Parkside Financial Bank & Trust boosted its stake in Fastenal Company by 0.3% in the first quarter. Liberty Capital Management Inc. now owns 38,575 shares of the company's stock worth $1,987,000 after buying an additional 2,490 shares during the last quarter. FMR LLC raised its stake in shares of Fastenal Company by 893.7% in the fourth quarter. The company had a trading volume of 10,172,537 shares.

Fastenal Company, launched on December 24, 1968, is involved in wholesale distribution of industrial and construction supplies. The report showed the company bouncing back some from a recent reduction in demand for fasteners in the oil and gas industries.

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