The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.02. The institutional investor owned 106,325 shares of the company's stock after buying an additional 2,425 shares during the period.
A number of research firms have commented on FAST. The firm had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.11 billion. The Return on Equity (ROE) value stands at 26.4%.
The firm is a distributor between businesses and it saw sales rise 10.6% in the three months, compared to the same period a year ago. During the same period past year, the business posted $0.46 earnings per share. Credit Suisse Group raised shares of Fastenal Company from a "neutral" rating to an "outperform" rating and set a $55.00 price target on the stock in a report on Wednesday, April 19th.
In analysts report made public on Thursday morning, Raymond James announced that they have chose to upgrade shares of Fastenal (NASDAQ:FAST) stock from a Outperform to a Strong Buy. Ironwood Investment Management LLC now owns 6,359 shares of the company's stock valued at $327,000 after buying an additional 75 shares in the last quarter. Lewis Holden also bought $43,760 worth of Fastenal Company (NASDAQ:FAST) on Thursday, May 25. The stock of Fastenal Company (NASDAQ:FAST) has "Hold" rating given on Friday, October 14 by Argus Research.
Fastenal Company (NASDAQ:FAST)'s stock had its "equal weight" rating reissued by research analysts at Morgan Stanley in a research report issued to clients and investors on Tuesday. The stock now has an average rating of "Hold" and an average price target of $49.83. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. & worldwide trademark and copyright legislation. The correct version of this piece of content can be read at https://transcriptdaily.com/2017/07/13/grandeur-peak-global-advisors-llc-boosts-stake-in-fastenal-company-nasdaqfast-updated.html. (NASDAQ:LAWS) was down -2.05% during the last trading session, with a day high of 22.10.More news: Russia Findings Raise Hopes for US Sanctions Bill
Stock price volatility is an indicator that is most often used by options traders to find changes in trends in the market place. The Company has 52-week high of $52.74 and 52-week low of $37.70. The firm has a market cap of $12.49 billion, a PE ratio of 24.67 and a beta of 0.99.
It is trading at $42.72 slightly below $43.41, the 50 day moving average and barely below the 200 day moving average of $47.58. The shares were purchased at an average price of $44.75 per share, for a total transaction of $223,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The shares were purchased at an average cost of $43.76 per share, for a total transaction of $43,760.00. Following the transaction, the chief financial officer now owns 1,000 shares in the company, valued at approximately $43,760. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 6,700 shares of company stock valued at $299,343. The average analysts gave this company a mean recommendation of 2.00. It fall, as 31 investors sold WPX Energy Inc shares while 111 reduced holdings.
Microsoft Corporation (NASDAQ:MSFT) ended its day at $71.15 with the rising stream of 1.66% and its total traded volume was 17.75 million shares less than the average volume. BlackRock Inc. now owns 17,459,557 shares of the company's stock worth $899,168,000 after buying an additional 16,925,319 shares in the last quarter. First Allied Advisory Services holds 8,590 shares.
Price/Earnings to growth ratio for the company is 2.88 and the stock shows its Price/Sales (ttm) of 3.07 and Price/Book for the most recent quarter of 6.24. Clearbridge Investments LLC increased its position in shares of Fastenal Company by 417.7% in the first quarter. The shares price has directed -2.44% toward a lower level throughout a year ago and swapped -2.89% toward a weak spot during past one month.
Winona, MN-based Fastenal - No. 10 on Industrial Distribution's Big 50 List - reported its 2017 second quarter results on Wednesday, highlighted by continued considerable growth figures across the board. The Company's customers operate in a range of industries, including automotive fix, commercial vehicle maintenance, government, manufacturing, food processing, distribution, construction, oil and gas, mining, wholesale and service.