NASDAQ:FAST - Fastenal Stock Price, News, & Analysis

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

Fastenal announced a quarterly dividend on Wednesday, January 16th. Shareholders of record on Thursday, January 31st will be paid a dividend of $0.43 per share on Wednesday, February 27th. This represents a $1.72 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Wednesday, January 30th. This is an increase from Fastenal's previous quarterly dividend of $0.40. View Fastenal's Dividend History.

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

Fastenal (NASDAQ:FAST) issued its quarterly earnings results on Thursday, January, 17th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of $0.60. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. Fastenal had a net margin of 15.14% and a return on equity of 33.48%. The firm's revenue for the quarter was up 13.1% on a year-over-year basis. During the same period last year, the business earned $0.45 EPS. View Fastenal's Earnings History.

Fastenal is scheduled to release their next quarterly earnings announcement on Wednesday, April 10th 2019. View Earnings Estimates for Fastenal.

13 brokers have issued twelve-month target prices for Fastenal's shares. Their predictions range from $50.00 to $63.00. On average, they expect Fastenal's share price to reach $56.7778 in the next twelve months. This suggests that the stock has a possible downside of 8.0%. 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 9 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Fastenal.

Media headlines about FAST stock have been trending somewhat positive on Sunday, according to InfoTrie Sentiment. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Fastenal earned a coverage optimism score of 2.0 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the near future.

Fastenal saw a drop in short interest in February. As of February 15th, there was short interest totalling 23,705,393 shares, a drop of 9.7% from the January 31st total of 26,261,976 shares. Based on an average trading volume of 2,357,320 shares, the days-to-cover ratio is currently 10.1 days. Approximately 8.4% of the company's stock are short sold. View Fastenal's Current Options Chain.

Some companies that are related to Fastenal include Sherwin-Williams (SHW), Ferguson (FERGY), Tractor Supply (TSCO), TITAN Cem Co S/ADR (TITCY), GrowGeneration (GRWG), AeroGrow International (AERO) and Ferguson (FERGD).

Based on aggregate information from My MarketBeat watchlists, some companies that other Fastenal investors own include CA (CA), Intel (INTC), Micron Technology (MU), Johnson & Johnson (JNJ), Caterpillar (CAT), The Coca-Cola (KO), Procter & Gamble (PG), BlackRock (BLK), Verizon Communications (VZ) and Cisco Systems (CSCO).

Fastenal's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.94%), Bank of New York Mellon Corp (5.55%), Geode Capital Management LLC (1.46%), Northern Trust Corp (1.28%), Oregon Public Employees Retirement Fund (1.27%) and Cantillon Capital Management LLC (1.13%). Company insiders that own Fastenal stock include Charles S Miller, Daniel L Florness, Daniel L Johnson, Darren R Jackson, 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 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 Millennium Management LLC, D. E. Shaw & Co. Inc., Los Angeles Capital Management & Equity Research Inc., Nicholas Company Inc., Canada Pension Plan Investment Board, LPL Financial LLC, Connor Clark & Lunn Investment Management Ltd. and Bank of Montreal Can. Company insiders that have sold Fastenal company stock in the last year include James C Jansen, John Lewis Soderberg, Leland J Hein, Michael John Dolan, Nicholas J Lundquist and Sheryl Ann Lisowski. View Insider Buying and Selling for Fastenal.

FAST stock was purchased by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, London Co. of Virginia, Norges Bank, Pendal Group Ltd, Bank of New York Mellon Corp, BlackRock Inc., Nordea Investment Management AB and First Trust Advisors LP. Company insiders that have bought Fastenal stock in the last two years include Daniel L Florness, Daniel L Johnson, Darren R Jackson, 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, Scottrade, Fidelity and Charles Schwab.

One share of FAST stock can currently be purchased for approximately $61.70.

Fastenal has a market capitalization of $17.66 billion and generates $4.97 billion in revenue each year. The company earns $751.90 million in net income (profit) each year or $2.63 on an earnings per share basis. Fastenal employs 21,644 workers across the globe.

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]