Fastenal Company (NASDAQ:FAST) enjoyed a 35.7% run-up in share price since hitting record low of $23.68. The stock managed -1.44% fall and now stands at $32.14 as of 6/25/2019. At a recent session, the prices were hovering between $32.01 and $32.75. This company shares are 4.95% off its target price of $33.73 and the current market capitalization stands at $18.76B. The recent change has given its price a -2.62% deficit over SMA 50 and -10.57% deficit over its 52-week high. The stock witnessed 4.15% gains, 3.15% gains and 27.46% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found FAST’s volatility during a week at 1.97% and during a month it has been found around 2.41%.
What Does Fastenal Company (FAST) Do?
The company describes itself in regulatory filings as, “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.” [Text can be found here: https://www.marketwatch.com/investing/stock/FAST/profile under company description.]Fastenal Company (FAST) Top Holders
Institutional investors currently hold around $16.11 billion or 87.7% in FAST stock. Look at its top three institutional owners: Vanguard Group Inc owns $2.16 billion in Fastenal Company, which represents roughly 11.5% of the company’s market cap and approximately 13.39% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 40,548,672 shares of the stock are valued at $1.32 billion. The third largest holder is Bank Of New York Mellon Corp, which currently holds $1.07 billion worth of this stock and that ownership represents nearly 5.68% of its market capitalization.
At the end of March reporting period, 331 institutional holders increased their position in Fastenal Company (NASDAQ:FAST) by some 26,449,736 shares, 366 decreased positions by 28,937,894 and 139 held positions by 438,648,352. That puts total institutional holdings at 494,035,982 shares, according to SEC filings. The stock grabbed 94 new institutional investments totaling 2,875,044 shares while 60 institutional investors sold out their entire positions totaling 3,407,512 shares.Fastenal Company (NASDAQ:FAST) Insider Trades
Multiple company employees have indulged in significant insider trading. Fastenal Company disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CAO/Controller/Treasurer Lisowski Sheryl Ann has sold 18,332 shares of Fastenal Company (FAST) in the trading session dated May. 15, 2019. These shares are worth $588,641 and were traded at $32.11 each. The SEC filing shows that Soderberg John Lewis performed a sale of 60,000 shares. The Executive Vice President disposed these shares by way of transaction on May. 03, 2019. The company’s shares were given away at $35.31 per share worth to an income of some $2,118,600 to the account of Soderberg John Lewis.
Senior Executive VP, Owen Terry Modock, sold 3,750 common shares of Fastenal Company (FAST) in the open market. In a transaction dated Apr. 30, 2019, the shares were put up for sale at an average price of $35.31, raking in a sum of $132,413. After this sale, 8,518 common shares of FAST are directly owned by the insider, with total stake valued at $273,769.
In the transaction dated Apr. 26, 2019, a great number of shares sold came courtesy the Senior Executive VP; WISECUP REYNE K disposed a total of 75,000 shares at an average price of $35.58, amounting to approximately $2,668,500. The insider now directly owns 20,000 shares worth $642,800.Fastenal Company (FAST) Analyst Guide
Several analysts have released their opinion on Fastenal Company (NASDAQ:FAST), with 3 analysts believing it is a strong buy. Whereas 14 of them predict the stock is a hold. Also, there are 0 buy, 1 sell and 0 strong sell ratings, collectively assigning a 2.72 average brokerage recommendation [T1].