Fastenal Company Company Profile (NASDAQ:FAST)

About Fastenal Company (NASDAQ:FAST)

Fastenal Company logoFastenal 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. The manufacturing market includes both original equipment manufacturers (OEM) and maintenance, repair, and operations (MRO). The non-residential construction market includes general, electrical, plumbing, sheet metal and road contractors. Other users of its products include farmers, truckers, railroads, oil exploration, production and refinement companies, mining companies, federal, state, and local governmental entities, schools and certain retail trades. Its original product offerings are fasteners and other industrial and construction supplies, many of which are sold under the Fastenal product name.

Industry, Sector and Symbol:
  • Sector: Retail/Wholesale
  • Industry: Industrial Machinery & Equipment Wholesale
  • Sub-Industry: Trading Companies & Distributors
  • Symbol: NASDAQ:FAST
  • CUSIP: 31190010
  • Web:
  • Market Cap: $13.9068 billion
  • Outstanding Shares: 287,383,000
Average Prices:
  • 50 Day Moving Avg: $44.99
  • 200 Day Moving Avg: $44.21
  • 52 Week Range: $37.88 - $52.74
  • Trailing P/E Ratio: 25.81
  • Foreward P/E Ratio: 22.83
  • P/E Growth: 2.43
Sales & Book Value:
  • Annual Revenue: $4.25 billion
  • Price / Sales: 3.27
  • Book Value: $7.05 per share
  • Price / Book: 6.86
  • Annual Dividend: $1.28
  • Dividend Yield: 2.7%
  • EBITDA: $983.96 million
  • Net Margins: 12.73%
  • Return on Equity: 27.28%
  • Return on Assets: 19.31%
  • Debt-to-Equity Ratio: 0.21%
  • Current Ratio: 5.36%
  • Quick Ratio: 2.45%
  • Average Volume: 2.79 million shs.
  • Beta: 1
  • Short Ratio: 5.76

Frequently Asked Questions for Fastenal Company (NASDAQ:FAST)

What is Fastenal Company's stock symbol?

Fastenal Company trades on the NASDAQ under the ticker symbol "FAST."

How often does Fastenal Company pay dividends? What is the dividend yield for Fastenal Company?

Fastenal Company announced a quarterly dividend on Tuesday, October 10th. Stockholders of record on Wednesday, October 25th will be given a dividend of $0.32 per share on Wednesday, November 22nd. This represents a $1.28 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Tuesday, October 24th. View Fastenal Company's Dividend History.

How will Fastenal Company's stock buyback program work?

Fastenal Company announced that its board has approved a share buyback program on Wednesday, July 12th 2017, which permits the company to buyback 5,000,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its stock is undervalued.

How were Fastenal Company's earnings last quarter?

Fastenal Company (NASDAQ:FAST) posted its quarterly earnings data on Wednesday, October, 11th. The company reported $0.50 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.50 by $0.00. The company earned $1.13 billion during the quarter, compared to analysts' expectations of $1.12 billion. Fastenal Company had a net margin of 12.73% and a return on equity of 27.28%. Fastenal Company's quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 earnings per share. View Fastenal Company's Earnings History.

When will Fastenal Company make its next earnings announcement?

Fastenal Company is scheduled to release their next quarterly earnings announcement on Wednesday, January, 17th 2018. View Earnings Estimates for Fastenal Company.

Where is Fastenal Company's stock going? Where will Fastenal Company's stock price be in 2017?

15 brokers have issued twelve-month target prices for Fastenal Company's stock. Their predictions range from $46.00 to $55.00. On average, they expect Fastenal Company's share price to reach $51.00 in the next year. View Analyst Ratings for Fastenal Company.

What are analysts saying about Fastenal Company stock?

Here are some recent quotes from research analysts about Fastenal Company stock:

  • 1. According to Zacks Investment Research, "Fastenal reported a stellar second quarter with earnings and revenues beating the consensus mark. Earnings grew 13.4% and sales rose 10.6% year over year driven by higher units sales on improvement in underlying market demand and growth in industrial vending business and existing Onsite locations. After a soft 2013, vending trends improved through 2014, 2015 and 2016 as management’s efforts to enhance the quality of signings/installs paid off. As of Jun 30, 2017, Fastenal operated 66,577 vending machines, up 14.1% year over year. Gross margin rose 30 bps in the quarter due to improvement in supply chain initiatives, increased discipline in purchasing and efficient utilization of fleet. Meanwhile, in spite of the improvement in gross margin in the quarter, changes in product and customer mix continued to affect gross profit, as did the addition of Mansco." (8/3/2017)
  • 2. Credit Suisse Group analysts commented, "FAST put up a good operational Q4 beat and exceeded GM expectations which were helped by cost initiatives. However, Q4 felt fairly similar to Q3 from a demand perspective - in fact, December ADS was even shy of expectations (and so were Oct-Nov). There were areas of improvement, particularly with oil/processing customers, yet core industrial customers were largely unchanged. FAST traded up 6% on just a modest $0.02 beat which continues to reflect how the market is discounting current trends in favor of distributors' early/short cycle leverage in out years. The play here is less about fundamental EPS upside and more so where the multiple goes, in our view. In fact, our EPS est's are only increasing 2.8% and 4.7% for 2017 and 2018, respectively. Expectations are soaring, and sooner or later FAST's ADS will need to accelerate to justify its multiple. At current levels, we don't see a favorable enough risk/reward, keeping us sidelined. Our $49 TP (from $41) assumes 27x our 2018 EPS of $2.00, discounted back, and we reiterate our Neutral rating. We are raising 2017 and 2017 EPS estimates to $1.83 and $2 (from $1.78 and $1.91)." (1/19/2017)

Are investors shorting Fastenal Company?

Fastenal Company saw a increase in short interest in the month of September. As of September 29th, there was short interest totalling 28,296,108 shares, an increase of 1.4% from the September 15th total of 28,692,120 shares. Based on an average daily volume of 2,225,142 shares, the short-interest ratio is presently 12.7 days. Currently, 9.9% of the shares of the stock are sold short.

Who are some of Fastenal Company's key competitors?

Who are Fastenal Company's key executives?

Fastenal Company's management team includes the folowing people:

  • Willard D. Oberton, Chairman of the Board
  • Daniel L. Florness, President, Chief Executive Officer, Director
  • Holden Lewis, Chief Financial Officer, Executive Vice President
  • William J. Drazkowski, Executive Vice President – National Accounts Sales
  • Leland J. Hein Jr., Senior Executive Vice President – Sales
  • James C. Jansen, Executive Vice President – Manufacturing
  • Nicholas J. Lundquist, Senior Executive Vice President – Operations
  • Charles S. Miller, Executive Vice President - Sales
  • Terry M. Owen, Senior Executive Vice President – Sales Operations
  • Gary A. Polipnick, Executive Vice President – FAST Solutions

Who owns Fastenal Company stock?

Fastenal Company's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Diamond Hill Capital Management Inc. (0.29%), Alta Capital Management LLC (0.26%), Harvey Investment Co. LLC (0.13%), APG Asset Management N.V. (0.11%), Beacon Financial Group (0.05%) and State Treasurer State of Michigan (0.03%). Company insiders that own Fastenal Company stock include Daniel L Florness, Daniel L Johnson, Darren R Jackson, Gary A Polipnick, Holden Lewis, James C Jansen, John Lewis Soderberg, Kenneth R Nance, Leland J Hein, Michael J Ancius, Michael John Dolan, Reyne K Wisecup, Sheryl Ann Lisowski, Stephen L Eastman, Terry Modock Owen, Willard D Oberton and William Joseph Drazkowski. View Institutional Ownership Trends for Fastenal Company.

Who sold Fastenal Company stock? Who is selling Fastenal Company stock?

Fastenal Company's stock was sold by a variety of institutional investors in the last quarter, including Douglas Lane & Associates LLC, Alta Capital Management LLC, State Treasurer State of Michigan and Peoples Financial Services CORP.. Company insiders that have sold Fastenal Company stock in the last year include Leland J Hein, Michael John Dolan, Reyne K Wisecup and Willard D Oberton. View Insider Buying and Selling for Fastenal Company.

Who bought Fastenal Company stock? Who is buying Fastenal Company stock?

Fastenal Company's stock was bought by a variety of institutional investors in the last quarter, including Diamond Hill Capital Management Inc., Beacon Financial Group, Shell Asset Management Co., APG Asset Management N.V., Harvey Investment Co. LLC, Honkamp Krueger Financial Services Inc., Curbstone Financial Management Corp and Boyd Watterson Asset Management LLC OH. Company insiders that have bought Fastenal Company stock in the last two years include Daniel L Johnson, Darren R Jackson, Holden Lewis, Michael J Ancius, Stephen L Eastman and William Joseph Drazkowski. View Insider Buying and Selling for Fastenal Company.

How do I buy Fastenal Company stock?

Shares of Fastenal Company can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Fastenal Company's stock price today?

One share of Fastenal Company stock can currently be purchased for approximately $48.39.

MarketBeat Community Rating for Fastenal Company (NASDAQ FAST)
Community Ranking:  1.6 out of 5 (star)
Outperform Votes:  171 (Vote Outperform)
Underperform Votes:  355 (Vote Underperform)
Total Votes:  526
MarketBeat's community ratings are surveys of what our community members think about Fastenal Company and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Fastenal Company (NASDAQ:FAST) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 5 Hold Ratings, 9 Buy Ratings, 1 Strong Buy Rating
Consensus Rating:Buy (Score: 2.73)
Consensus Price Target: $51.00 (5.39% upside)
Consensus Price Target History for Fastenal Company (NASDAQ:FAST)
Price Target History for Fastenal Company (NASDAQ:FAST)
Analysts' Ratings History for Fastenal Company (NASDAQ:FAST)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/12/2017KeyCorpReiterated RatingBuy$52.00N/AView Rating Details
10/11/2017StephensSet Price TargetBuy$54.00N/AView Rating Details
10/10/2017BMO Capital MarketsReiterated RatingMarket Perform$46.00 -> $51.00N/AView Rating Details
10/2/2017Morgan StanleyReiterated RatingEqual Weight$44.00 -> $46.00LowView Rating Details
8/22/2017Stifel NicolausReiterated RatingHold$46.00HighView Rating Details
8/4/2017Northcoast ResearchReiterated RatingBuyLowView Rating Details
7/13/2017Raymond James Financial, Inc.UpgradeOutperform -> Strong-Buy$50.00LowView Rating Details
7/13/2017Credit Suisse GroupReiterated RatingBuy$52.00LowView Rating Details
7/12/2017Robert W. BairdUpgradeNeutral -> Outperform$53.00LowView Rating Details
7/12/2017Wells Fargo & CompanyReiterated RatingMarket Perform$51.00 -> $47.00HighView Rating Details
6/2/2017J P Morgan Chase & CoInitiated CoverageNeutral -> Neutral$46.00MediumView Rating Details
6/2/2017Longbow ResearchUpgradeNeutral -> Buy$55.00MediumView Rating Details
4/18/2017ArgusUpgradeHold -> Buy$54.00HighView Rating Details
1/12/2017Avondale PartnersUpgradeMarket Perform -> Outperform$51.00 -> $54.00N/AView Rating Details
12/5/2016William BlairUpgradeMarket Perform -> OutperformN/AView Rating Details
8/25/2016MacquarieInitiated CoverageNeutral$50.00N/AView Rating Details
4/8/2016Barclays PLCBoost Price TargetUnderweight$29.00 -> $38.00N/AView Rating Details
4/1/2016Deutsche Bank AGDowngradeBuy -> Hold$55.00 -> $48.68N/AView Rating Details
3/21/2016Sterne Agee CRTInitiated CoverageNeutral$50.00N/AView Rating Details
(Data available from 10/22/2015 forward)


Earnings History for Fastenal Company (NASDAQ:FAST)
Earnings by Quarter for Fastenal Company (NASDAQ:FAST)
Earnings History by Quarter for Fastenal Company (NASDAQ FAST)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
1/18/2018$0.45N/AView Earnings Details
10/11/2017Q3 2017$0.50$0.50$1.12 billion$1.13 billionViewN/AView Earnings Details
7/12/2017Q2 17$0.50$0.52$1.11 billion$1.12 billionViewN/AView Earnings Details
4/12/2017Q1 2017$0.46$0.46$1.04 billion$1.05 billionViewN/AView Earnings Details
1/18/2017Q416$0.38$0.40$951.83 million$947.95 millionViewN/AView Earnings Details
10/11/2016Q316$0.45$0.44$1.01 billion$1.01 billionViewN/AView Earnings Details
7/12/2016Q216$0.48$0.45$1.02 billion$1.01 billionViewListenView Earnings Details
4/12/2016Q116$0.45$0.44$984.14 million$986.68 millionViewListenView Earnings Details
1/15/2016Q415$0.40$0.39$922.56 million$922.80 millionViewListenView Earnings Details
10/13/2015Q315$0.47$0.47$1.01 billion$995.30 millionViewListenView Earnings Details
7/14/2015Q215$0.47$0.48$1.01 billion$997.83 millionViewListenView Earnings Details
4/14/2015Q115$0.42$0.43$967.03 million$953.30 millionViewN/AView Earnings Details
1/15/2015Q414$0.40$0.40$935.80 million$926.30 millionViewN/AView Earnings Details
10/10/2014Q314$0.45$0.45$978.85 million$980.81 millionViewN/AView Earnings Details
7/11/2014Q214$0.44$0.44$952.95 million$949.94 millionViewN/AView Earnings Details
4/11/2014Q114$0.38$0.38$869.99 million$876.50 millionViewN/AView Earnings Details
1/15/2014Q413$0.35$0.33$816.23 million$813.76 millionViewN/AView Earnings Details
10/9/2013Q313$0.41$0.40$864.00 million$858.42 millionViewN/AView Earnings Details
7/10/2013Q2 2013$0.41$0.41$857.13 million$847.60 millionViewN/AView Earnings Details
4/10/2013Q1 2013$0.37$0.37$815.10 million$806.33 millionViewN/AView Earnings Details
1/17/2013Q4 2012$0.33$0.33$759.66 million$757.24 millionViewN/AView Earnings Details
10/11/2012Q312$0.37$0.37$804.90 million$802.58 millionViewN/AView Earnings Details
7/12/2012$0.37$0.38ViewN/AView Earnings Details
4/12/2012$0.34$0.34ViewN/AView Earnings Details
1/18/2012$0.30$0.30ViewN/AView Earnings Details
7/12/2011$0.31$0.32ViewN/AView Earnings Details
4/12/2011$0.52$0.54ViewN/AView Earnings Details
1/18/2011$0.45$0.44ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Fastenal Company (NASDAQ:FAST)
2017 EPS Consensus Estimate: $1.90
2018 EPS Consensus Estimate: $2.13
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.44$0.47$0.46
Q2 20173$0.49$0.50$0.50
Q3 20173$0.49$0.51$0.50
Q4 20173$0.44$0.45$0.44
Q1 20183$0.50$0.51$0.50
Q2 20183$0.56$0.57$0.56
Q3 20183$0.55$0.57$0.56
Q4 20183$0.50$0.51$0.50
(Data provided by Zacks Investment Research)


Current Dividend Information for Fastenal Company (NASDAQ:FAST)
Next Dividend:11/22/2017
Annual Dividend:$1.28
Dividend Yield:2.65%
Dividend Growth:14.50% (3 Year Average)
Payout Ratio:68.09% (Trailing 12 Months of Earnings)
66.32% (Based on This Year's Estimates)
60.38% (Based on Next Year's Estimates)
Track Record:6 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Fastenal Company (NASDAQ:FAST)

Dividend History by Quarter for Fastenal Company (NASDAQ FAST)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Fastenal Company (NASDAQ:FAST)
Insider Ownership Percentage: 0.55%
Institutional Ownership Percentage: 83.01%
Insider Trades by Quarter for Fastenal Company (NASDAQ:FAST)
Institutional Ownership by Quarter for Fastenal Company (NASDAQ:FAST)
Insider Trades by Quarter for Fastenal Company (NASDAQ:FAST)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
10/18/2017Leland J HeinInsiderSell10,000$48.74$487,400.00View SEC Filing  
10/16/2017Leland J HeinInsiderSell10,000$47.14$471,400.00View SEC Filing  
8/22/2017Stephen L. EastmanDirectorBuy800$40.58$32,464.00View SEC Filing  
8/15/2017Michael John DolanDirectorSell8,000$43.01$344,080.00View SEC Filing  
7/24/2017Daniel L. JohnsonDirectorBuy600$42.71$25,626.00View SEC Filing  
7/21/2017William Joseph DrazkowskiInsiderBuy1,000$42.36$42,360.00View SEC Filing  
7/17/2017Holden LewisCFOBuy1,000$42.51$42,510.00View SEC Filing  
5/25/2017Holden LewisCFOBuy1,000$43.76$43,760.00View SEC Filing  
4/28/2017Darren R. JacksonDirectorBuy5,000$44.75$223,750.00View SEC Filing  
4/24/2017Stephen L. EastmanDirectorBuy350$45.28$15,848.00View SEC Filing  
4/17/2017Daniel L. JohnsonDirectorBuy350$45.67$15,984.50View SEC Filing  
2/27/2017Willard D ObertonDirectorSell10,000$50.19$501,900.00View SEC Filing  
12/12/2016Reyne K WisecupInsiderSell50,000$48.98$2,449,000.00View SEC Filing  
11/30/2016Leland J HeinEVPSell2,000$47.40$94,800.00View SEC Filing  
11/23/2016Leland J HeinEVPSell1,000$46.15$46,150.00View SEC Filing  
10/13/2016Michael J. AnciusDirectorBuy700$38.82$27,174.00View SEC Filing  
9/9/2016Michael J. AnciusDirectorBuy600$41.00$24,600.00View SEC Filing  
3/2/2016Sheryl Ann LisowskiCFOSell5,000$46.69$233,450.00View SEC Filing  
2/26/2016Daniel L FlornessCEOSell80,000$45.17$3,613,600.00View SEC Filing  
2/18/2016Sheryl Ann LisowskiCFOSell5,000$44.96$224,800.00View SEC Filing  
2/16/2016Terry Modock OwenEVPSell10,000$43.59$435,900.00View SEC Filing  
2/9/2016Sheryl Ann LisowskiCFOSell10,000$43.39$433,900.00View SEC Filing  
2/8/2016James C. JansenEVPSell12,500$44.00$550,000.00View SEC Filing  
2/5/2016Daniel L. FlornessCEOSell60,000$43.17$2,590,200.00View SEC Filing  
2/4/2016John Lewis SoderbergEVPSell35,000$43.11$1,508,850.00View SEC Filing  
12/3/2015Leland J. HeinCOOSell100,000$40.31$4,031,000.00View SEC Filing  
11/6/2015Gary A. PolipnickEVPSell2,000$40.84$81,680.00View SEC Filing  
11/4/2015Kenneth R. NanceEVPSell20,000$40.53$810,600.00View SEC Filing  
11/2/2015James C. JansenEVPSell12,500$39.50$493,750.00View SEC Filing  
10/16/2015Kenneth R. NanceEVPSell10,000$37.23$372,300.00View SEC Filing  
8/24/2015Kenneth R. NanceEVPSell15,000$37.45$561,750.00View SEC Filing  
8/12/2015Nicholas J LundquistInsiderBuy1,000$39.73$39,730.00View SEC Filing  
7/24/2015Gary A PolipnickEVPBuy2,500$40.03$100,075.00View SEC Filing  
4/27/2015Steven A RucinskiEVPSell25,000$42.50$1,062,500.00View SEC Filing  
3/11/2015Rita J HeiseDirectorBuy3,000$40.83$122,490.00View SEC Filing  
7/23/2014Gary A PolipnickEVPBuy2,500$44.55$111,375.00View SEC Filing  
7/15/2014Willard D ObertonCEOBuy2,000$45.14$90,280.00View SEC Filing  
6/5/2014Robert A KierlinDirectorSell60,000$49.17$2,950,200.00View SEC Filing  
6/4/2014James C JansenEVPSell10,000$49.41$494,100.00View SEC Filing  
5/7/2014Robert KierlinDirectorSell30,000$48.65$1,459,500.00View SEC Filing  
4/23/2014Robert KierlinDirectorSell70,000$49.77$3,483,900.00View SEC Filing  
1/30/2014Rita HeiseDirectorBuy1,000$44.27$44,270.00View SEC Filing  
1/27/2014Nicholas LundquistInsiderBuy4,000$44.79$179,160.00View SEC Filing  
1/17/2014Leland HeinPresidentBuy4,300$47.38$203,734.00View SEC Filing  
11/8/2013Kenneth NanceEVPBuy1,500$46.55$69,825.00View SEC Filing  
11/8/2013Nicholas LundquistInsiderBuy3,000$46.78$140,340.00View SEC Filing  
11/5/2013Robert KierlinDirectorSell200,000$49.16$9,832,000.00View SEC Filing  
10/11/2013Robert KierlinDirectorSell100,000$47.77$4,777,000.00View SEC Filing  
9/4/2013Gary A PolipnickEVPBuy2,216$45.67$101,204.72View SEC Filing  
8/28/2013Kenneth NanceEVPBuy1,000$44.26$44,260.00View SEC Filing  
7/31/2013Steven A RucinskiEVPSell12,500$49.00$612,500.00View SEC Filing  
6/11/2013Rita J HeiseDirectorBuy1,000$48.37$48,370.00View SEC Filing  
2/19/2013Darren R JacksonDirectorBuy10,000$52.87$528,700.00View SEC Filing  
2/11/2013Scott SatterleeDirectorBuy2,000$50.91$101,820.00View SEC Filing  
12/5/2012Daniel L FlornessCFOBuy2,645$41.50$109,767.50View SEC Filing  
11/26/2012Gary A PolipnickEVPBuy1,000$40.50$40,500.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Fastenal Company (NASDAQ:FAST)
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Fastenal Company (FAST) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by Staff

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