Fastenal Stock Price, Forecast & Analysis (NASDAQ:FAST)

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

Fastenal declared a quarterly dividend on Thursday, October 10th. Stockholders of record on Friday, October 25th will be paid a dividend of $0.22 per share on Friday, November 22nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Thursday, October 24th. View Fastenal's Dividend History.

Shares of Fastenal split on Wednesday, May 22nd 2019. The 2-1 split was announced on Thursday, April 18th 2019. The newly created shares were distributed to shareholders after the market closes on Tuesday, May 21st 2019. An investor that had 100 shares of Fastenal stock prior to the split would have 200 shares after the split.

Fastenal (NASDAQ:FAST) issued its quarterly earnings results on Friday, October, 11th. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.01. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.38 billion. Fastenal had a return on equity of 32.03% and a net margin of 14.77%. The business's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 earnings per share. View Fastenal's Earnings History.

Fastenal is scheduled to release their next quarterly earnings announcement on Thursday, January 16th 2020. View Earnings Estimates for Fastenal.

13 Wall Street analysts have issued 1-year target prices for Fastenal's stock. Their forecasts range from $30.00 to $41.00. On average, they expect Fastenal's share price to reach $34.17 in the next twelve months. This suggests that the stock has a possible downside of 5.6%. View Analyst Price Targets for Fastenal.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fastenal in the last year. There are currently 1 sell rating, 11 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Fastenal.

News headlines about FAST stock have trended somewhat negative recently, InfoTrie reports. InfoTrie ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Fastenal earned a coverage optimism score of -1.4 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Fastenal.

Fastenal saw a decline in short interest in the month of October. As of October 31st, there was short interest totalling 35,300,000 shares, a decline of 13.4% from the September 30th total of 40,770,000 shares. Based on an average daily trading volume, of 4,680,000 shares, the short-interest ratio is presently 7.5 days. Currently, 6.2% of the company's stock are sold short. View Fastenal's Current Options Chain.

Some companies that are related to Fastenal include W W Grainger (GWW), United Rentals (URI), Watsco (WSO), Air Lease (AL), MSC Industrial Direct (MSM), GATX (GATX), Applied Industrial Technologies (AIT), Aircastle (AYR), Beacon Roofing Supply (BECN), WESCO International (WCC), Kaman (KAMN), Rush Enterprises (RUSHA), H&E Equipment Services (HEES), MRC Global (MRC) and DXP Enterprises (DXPE).

Based on aggregate information from My MarketBeat watchlists, some companies that other Fastenal investors own include CA (CA), Intel (INTC), Starbucks (SBUX), Micron Technology (MU), Walt Disney (DIS), AT&T (T), Johnson & Johnson (JNJ), Bank of America (BAC), Procter & Gamble (PG) and Verizon Communications (VZ).

Fastenal's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Cantillon Capital Management LLC (1.10%), Confluence Investment Management LLC (0.63%), Riverbridge Partners LLC (0.54%), Provident Trust Co. (0.48%), Sumitomo Mitsui Trust Holdings Inc. (0.38%) and First Trust Advisors LP (0.34%). Company insiders that own Fastenal stock include Charles S Miller, Daniel L Florness, Daniel L Johnson, Gary A Polipnick, Holden Lewis, James C Jansen, John Lewis Soderberg, Leland J Hein, Michael J Ancius, Michael John Dolan, Nicholas J Lundquist, Sheryl Ann Lisowski, Stephen L Eastman, Terry Modock Owen, Willard D Oberton and William Joseph Drazkowski. View Institutional Ownership Trends for Fastenal.

FAST stock was sold by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Teacher Retirement System of Texas, Investment Management of Virginia LLC, CIBC Private Wealth Group LLC, Marathon Asset Management LLP, Banco Santander S.A., Arabesque Asset Management Ltd and SG Americas Securities LLC. Company insiders that have sold Fastenal company stock in the last year include Daniel L Florness, John Lewis Soderberg, Leland J Hein, Michael John Dolan, Nicholas J Lundquist, Sheryl Ann Lisowski, Terry Modock Owen, Willard D Oberton and William Joseph Drazkowski. View Insider Buying and Selling for Fastenal.

FAST stock was acquired by a variety of institutional investors in the last quarter, including Ardevora Asset Management LLP, Fenimore Asset Management Inc., State of New Jersey Common Pension Fund D, California Public Employees Retirement System, First Trust Advisors LP, Provident Trust Co., Daiwa Securities Group Inc. and Bridge Creek Capital Management LLC. Company insiders that have bought Fastenal stock in the last two years include Daniel L Florness, Daniel L Johnson, Holden Lewis, Michael J Ancius, Stephen L Eastman, Terry Modock Owen and William Joseph Drazkowski. View Insider Buying and Selling for Fastenal.

Shares of FAST can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of FAST stock can currently be purchased for approximately $36.20.

Fastenal has a market capitalization of $20.76 billion and generates $4.97 billion in revenue each year. The company earns $751.90 million in net income (profit) each year or $1.32 on an earnings per share basis. Fastenal employs 21,644 workers across the globe.View Additional Information About Fastenal.

The official website for Fastenal is http://www.fastenal.com/.

Fastenal's mailing address is 2001 THEURER BLVD, WINONA MN, 55987. The company can be reached via phone at 507-454-5374 or via email at [email protected]