Today, the CEO & President of Fastenal Company (NASDAQ: FAST), Daniel Florness, bought shares of FAST for $103.9K.
Following Daniel Florness’ last FAST Buy transaction on December 06, 2012, the stock climbed by 15.9%. This recent transaction increases Daniel Florness’ holding in the company by 1.96% to a total of $5.42 million.
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Based on Fastenal Company’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $1.28 billion and quarterly net profit of $198 million. In comparison, last year the company earned revenue of $1.13 billion and had a net profit of $143 million. FAST’s market cap is $14.95B and the company has a P/E ratio of 20.26. Currently, Fastenal Company has an average volume of 3.11M.
Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $57.50, reflecting a 9.2% upside.
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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.
