Fastenal Stock Forecast, Price & News

Fastenal (NASDAQ:FAST) Frequently Asked Questions

Is Fastenal a buy right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fastenal in the last twelve months. There are currently 2 sell ratings, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Fastenal stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FAST, but not buy additional shares or sell existing shares.
View analyst ratings for Fastenal or view top-rated stocks.

How has Fastenal's stock price been impacted by COVID-19 (Coronavirus)?

Fastenal's stock was trading at $32.93 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, FAST shares have increased by 74.5% and is now trading at $57.47.
View which stocks have been most impacted by COVID-19.

Are investors shorting Fastenal?

Fastenal saw a increase in short interest in the month of December. As of December 15th, there was short interest totaling 13,450,000 shares, an increase of 23.4% from the November 30th total of 10,900,000 shares. Based on an average daily trading volume, of 2,870,000 shares, the days-to-cover ratio is currently 4.7 days. Currently, 2.4% of the company's stock are sold short.
View Fastenal's Short Interest.

When is Fastenal's next earnings date?

Fastenal is scheduled to release its next quarterly earnings announcement on Tuesday, April 12th 2022.
View our earnings forecast for Fastenal.

How were Fastenal's earnings last quarter?

Fastenal (NASDAQ:FAST) issued its earnings results on Wednesday, January, 19th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.03. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.50 billion. Fastenal had a trailing twelve-month return on equity of 31.32% and a net margin of 15.25%. The company's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.34 EPS.
View Fastenal's earnings history.

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

Fastenal declared a quarterly dividend on Tuesday, January 18th. Investors of record on Wednesday, February 2nd will be given a dividend of $0.31 per share on Wednesday, March 2nd. This represents a $1.24 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Tuesday, February 1st. This is a positive change from Fastenal's previous quarterly dividend of $0.28.
View Fastenal's dividend history.

Is Fastenal a good dividend stock?

Fastenal pays an annual dividend of $1.12 per share and currently has a dividend yield of 1.98%. Fastenal has been increasing its dividend for 23 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Fastenal is 72.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Fastenal will have a dividend payout ratio of 64.37% next year. This indicates that Fastenal will be able to sustain or increase its dividend.
View Fastenal's dividend history.

When did Fastenal's stock split? How did Fastenal's stock split work?

Fastenal shares split on Wednesday, May 22nd 2019. The 2-1 split was announced on Thursday, April 18th 2019. The newly minted shares were payable to shareholders after the closing bell 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.

What price target have analysts set for FAST?

5 brokers have issued 12-month price objectives for Fastenal's shares. Their forecasts range from $50.00 to $65.00. On average, they anticipate Fastenal's share price to reach $58.00 in the next twelve months. This suggests a possible upside of 0.9% from the stock's current price.
View analysts' price targets for Fastenal or view top-rated stocks among Wall Street analysts.

Who are Fastenal's key executives?

Fastenal's management team includes the following people:

• Daniel Lars Florness, President, Chief Executive Officer & Director
• Holden Lewis, Chief Financial Officer & Executive Vice President
• John L. Soderberg, Executive Vice President-Information Technology
• John J. Milek, Vice President & General Counsel
• Reyne K. Wisecup, Director & Senior EVP-Human Resources

What is Daniel Florness' approval rating as Fastenal's CEO?

714 employees have rated Fastenal CEO Daniel Florness on Glassdoor.com. Daniel Florness has an approval rating of 85% among Fastenal's employees.

Who are some of Fastenal's key competitors?

Some companies that are related to Fastenal include W.W. Grainger (GWW), United Rentals (URI), Watsco (WSO), WESCO International (WCC), MSC Industrial Direct (MSM), Air Lease (AL), Beacon Roofing Supply (BECN), Applied Industrial Technologies (AIT), GATX (GATX), Rush Enterprises (RUSHA), Textainer Group (TGH), H&E Equipment Services (HEES), Kaman (KAMN), BlueLinx (BXC) and Titan Machinery (TITN).
View all of FAST's competitors.

What other stocks do shareholders of Fastenal own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Fastenal investors own include Intel (INTC), Johnson & Johnson (JNJ), Micron Technology (MU), NVIDIA (NVDA), Bank of America (BAC), AbbVie (ABBV), Cisco Systems (CSCO), Walt Disney (DIS), QUALCOMM (QCOM) and Target (TGT).

What is Fastenal's stock symbol?

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

Who are Fastenal's major shareholders?

Fastenal's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Riverbridge Partners LLC (0.63%), Confluence Investment Management LLC (0.49%), Baillie Gifford & Co. (0.42%), Fenimore Asset Management Inc. (0.30%), Nordea Investment Management AB (0.20%) and New York State Teachers Retirement System (0.11%). Company insiders that own Fastenal stock include Charles S Miller, Daniel L Florness, Daniel L Johnson, Hsenghung Sam Hsu, James C Jansen, Jeffery Michael Watts, John Lewis Soderberg, Leland J Hein, Michael J Ancius, Michael J Ancius, Michael John Dolan, Nicholas J Lundquist, Reyne K Wisecup, Rita J Heise, Sarah N Nielsen, Sheryl Ann Lisowski, Stephen L Eastman, Terry Modock Owen, Willard D Oberton and William Joseph Drazkowski.
View institutional ownership trends for Fastenal.

Which institutional investors are selling Fastenal stock?

FAST stock was sold by a variety of institutional investors in the last quarter, including Cullinan Associates Inc., Capital Investment Services of America Inc., Bremer Bank National Association, Sciencast Management LP, Confluence Investment Management LLC, Russell Investments Group Ltd., Gulf International Bank UK Ltd, and State of Alaska Department of Revenue. Company insiders that have sold Fastenal company stock in the last year include Charles S Miller, James C Jansen, Jeffery Michael Watts, John Lewis Soderberg, Nicholas J Lundquist, Reyne K Wisecup, Sheryl Ann Lisowski, and William Joseph Drazkowski.
View insider buying and selling activity for Fastenal or view top insider-selling stocks.

Which institutional investors are buying Fastenal stock?

FAST stock was acquired by a variety of institutional investors in the last quarter, including Stonnington Group LLC, Vancity Investment Management Ltd, Nordea Investment Management AB, Baillie Gifford & Co., National Bank of Canada FI, AE Wealth Management LLC, Lindbrook Capital LLC, and Fenimore Asset Management Inc.. Company insiders that have bought Fastenal stock in the last two years include Daniel L Johnson, Hsenghung Sam Hsu, Michael J Ancius, Michael John Dolan, Sarah N Nielsen, and Stephen L Eastman.
View insider buying and selling activity for Fastenal or or view top insider-buying stocks.

How do I buy shares of Fastenal?

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

One share of FAST stock can currently be purchased for approximately $57.47.

How much money does Fastenal make?

Fastenal has a market capitalization of $33.05 billion and generates $5.65 billion in revenue each year. The company earns $859.10 million in net income (profit) each year or $1.55 on an earnings per share basis.

How many employees does Fastenal have?

Fastenal employs 20,365 workers across the globe.

Does Fastenal have any subsidiaries?

The following companies are subsidiares of Fastenal: Apex Industrial Technologies, Av-Tech Industries, FASTCO (Shanghai) Trading Co. Ltd., Fastenal (Shanghai) International Trading Co. Ltd., Fastenal (Shenzhen) International Trading Co. Ltd., Fastenal (Thailand) Ltd., Fastenal (Tianjin) International Trading Co. Ltd., Fastenal AT GmbH, Fastenal Air Fleet LLC, Fastenal Asia Pacific Limited, Fastenal Brasil Importação Exportação e Distribuição Ltda., Fastenal Brasil Participacoes Ltda., Fastenal Canada Ltd., Fastenal Chile SpA, Fastenal Colombia S.A.S., Fastenal Company Leasing, Fastenal Company Purchasing, Fastenal Europe AB, Fastenal Europe B.V., Fastenal Europe BE BV, Fastenal Europe FR Sàrl, Fastenal Europe GmbH, Fastenal Europe IE Limited, Fastenal Europe Kft., Fastenal Europe Ltd., Fastenal Europe RO S.r.l., Fastenal Europe S.L., Fastenal Europe S.r.l., Fastenal Europe Sp. z o.o., Fastenal Europe Sàrl, Fastenal Europe s.r.o., Fastenal IP Company, Fastenal India Sourcing IT and Procurement Private Ltd, Fastenal India Wholesale Private Ltd., Fastenal International Holdings Company, Fastenal Latin America S.A., Fastenal Malaysia SDN BHD, Fastenal Mexico LLC, Fastenal Mexico S. de R.L. de C.V., Fastenal Mexico Services S. de R.L. de C.V., Fastenal Netherlands Holdings B.V., Fastenal Panama S.A., Fastenal Singapore PTE Ltd., Holo-Krome, Innova Holdings LLC, Innova Supply Chain Solutions LLC, Manufacturers Supply, and River Surplus and Supply LLC.

When was Fastenal founded?

Fastenal was founded in 1967.

What is Fastenal's official website?

The official website for Fastenal is www.fastenal.com.

Where are Fastenal's headquarters?

Fastenal is headquartered at 2001 THEURER BLVD, WINONA MN, 55987.

How can I contact Fastenal?

Fastenal's mailing address is 2001 THEURER BLVD, WINONA MN, 55987. The company can be reached via phone at (507) 454-5374, via email at [email protected], or via fax at 507-453-8049.