Today, a Director at Fastenal Company (NASDAQ: FAST), Stephen Eastman, bought shares of FAST for $35.22K.
This recent transaction increases Stephen Eastman’s holding in the company by 25% to a total of $178.6K. Following Stephen Eastman’s last FAST Buy transaction on August 23, 2017, the stock climbed by 10.7%.
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Based on Fastenal Company’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.19 billion and quarterly net profit of $174 million. In comparison, last year the company earned revenue of $1.05 billion and had a net profit of $134 million. The company has a one-year high of $58.74 and a one-year low of $39.79. FAST’s market cap is $14.68B and the company has a P/E ratio of 23.62.
13 different firms, including Argus Research and Avondale, currently also have a Buy rating on the stock. Based on 11 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $57.27, reflecting a -10.9% downside.
The insider sentiment on Fastenal Company has been negative according to 31 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.
Stephen Eastman’s trades have generated a 17.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Fastenal Co. engages in the provision of fasteners, tools, and supplies which can help in the manufacture of products, build structures, protect personnel, and maintain facilities and equipment. It products include cutting tools and metalworking; fasteners; material handling, storage and packaging; power transmission and motors; tools and equipment; electrical; abrasives; hydraulics and pneumatics; plumbing; lifting and rigging; raw materials; fleet and automotive; welding; office products and furniture; janitorial; and lighting. The company was founded by Robert A. Kierlin, Michael M. Gostomski, Henry K. McCannon, John D. Remick, and Stephen M. Slaggie in November 1967 and is headquartered in Winona, MN.
