In a report issued on August 6, Sam Darkatsh from Raymond James maintained a Hold rating on Fastenal Company (FAST). The company’s shares closed last Tuesday at $43.71.
According to TipRanks.com, Darkatsh is a 1-star analyst with an average return of -0.2% and a 50.6% success rate. Darkatsh covers the Industrial Goods sector, focusing on stocks such as Wesco International, The Toro Company, and WW Grainger.
Fastenal Company has an analyst consensus of Moderate Buy, with a price target consensus of $46.43, implying a 3.6% upside from current levels. In a report issued on September 3, Wells Fargo also downgraded the stock to Hold with a $50.00 price target.
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The company has a one-year high of $49.86 and a one-year low of $26.72. Currently, Fastenal Company has an average volume of 3.9M.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FAST in relation to earlier this year. Last month, Rita Heise, a Director at FAST sold 4,000 shares for a total of $192,280.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
