News stories about Fastenal (NASDAQ:FAST) have been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Fastenal earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.7412490852375 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Brokerages Expect Fastenal (FAST) to Announce $0.60 Earnings Per Share (americanbankingnews.com)
- Worth Watching Stocks Buzz: CEMEX, SAB de CV, (NYSE: CX), Fastenal Company, (NASDAQ: FAST); – TNN (tradingnewsnow.com)
- Form 4 FASTENAL CO For: Mar 09 Filed by: Jansen James C – StreetInsider.com (streetinsider.com)
- Hardee’s block deal moves ahead (winonapost.com)
Fastenal (NASDAQ:FAST) traded down $0.39 during mid-day trading on Wednesday, reaching $57.37. The company’s stock had a trading volume of 1,372,313 shares, compared to its average volume of 2,500,000. The company has a quick ratio of 2.40, a current ratio of 5.51 and a debt-to-equity ratio of 0.20. The stock has a market cap of $16,500.00, a price-to-earnings ratio of 29.88, a PEG ratio of 1.65 and a beta of 0.99. Fastenal has a 1-year low of $39.79 and a 1-year high of $58.46.
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Wednesday, January 31st were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Tuesday, January 30th. This is a positive change from Fastenal’s previous quarterly dividend of $0.32. Fastenal’s payout ratio is presently 77.08%.
Several equities research analysts recently weighed in on the company. Robert W. Baird reissued a “buy” rating and issued a $57.00 price objective on shares of Fastenal in a report on Tuesday, March 6th. Northcoast Research set a $60.00 price objective on Fastenal and gave the stock a “buy” rating in a report on Friday, March 2nd. Zacks Investment Research raised Fastenal from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Friday, January 19th. Credit Suisse Group raised Fastenal to a “buy” rating and set a $61.00 price objective for the company in a report on Thursday, January 18th. Finally, Stephens lifted their price objective on Fastenal from $54.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $54.00.
In other news, insider William Joseph Drazkowski sold 7,500 shares of Fastenal stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $56.64, for a total transaction of $424,800.00. Following the completion of the sale, the insider now owns 9,460 shares in the company, valued at approximately $535,814.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Charles S. Miller sold 26,250 shares of Fastenal stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $56.50, for a total value of $1,483,125.00. Following the sale, the insider now owns 26,250 shares of the company’s stock, valued at approximately $1,483,125. The disclosure for this sale can be found here. Insiders have sold a total of 36,384 shares of company stock valued at $2,048,712 in the last ninety days. Insiders own 0.56% of the company’s stock.
Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. The Company is engaged in fastener distribution, and non-fastener maintenance and supply business. As of December 31, 2016, it distributed these supplies through a network of approximately 2,500 stores. Its customers are in the manufacturing and non-residential construction markets.
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