Today it was reported that the CAO of Fastenal Company (FAST), Sheryl Ann Lisowski, exercised options to sell 10,000 FAST shares at $42.00 a share, for a total transaction value of $624.9K.
Following Sheryl Ann Lisowski’s last FAST Sell transaction on March 03, 2016, the stock climbed by 19.8%. In addition to Sheryl Ann Lisowski, 3 other FAST executives reported Sell trades in the last month.
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Based on Fastenal Company’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.23 billion and quarterly net profit of $169 million. In comparison, last year the company earned revenue of $1.09 billion and had a net profit of $152 million. FAST’s market cap is $17.83B and the company has a P/E ratio of 23.95. Currently, Fastenal Company has an average volume of 1.79M.
Based on 8 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $60.71, reflecting a -3.6% downside.
The insider sentiment on Fastenal Company has been negative according to 17 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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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 & metalworking, fasteners, material handling, storage & packaging power, transmission & motors, tools & equipment, electricals, abrasives, hydraulics & pneumatics, plumbing, lifting & rigging, raw materials, fleet & automotive, welding, office products & 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.
