Fastenal (FAST) Getting Somewhat Positive Media Coverage, Study Finds

Media headlines about Fastenal (NASDAQ:FAST) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fastenal earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.7412490852375 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:

Shares of NASDAQ FAST opened at $55.00 on Friday. The stock has a market capitalization of $15,786.10, a price-to-earnings ratio of 28.80, a PEG ratio of 1.55 and a beta of 0.99. Fastenal has a one year low of $39.79 and a one year high of $58.74. The company has a current ratio of 5.51, a quick ratio of 2.40 and a debt-to-equity ratio of 0.20.

Fastenal (NASDAQ:FAST) last released its quarterly earnings results on Wednesday, January 17th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. Fastenal had a return on equity of 27.39% and a net margin of 13.18%. The firm’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.40 EPS. equities research analysts anticipate that Fastenal will post 2.53 EPS for the current fiscal year.

A number of analysts have issued reports on the company. Zacks Investment Research raised Fastenal from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Tuesday. Stifel Nicolaus lifted their price objective on Fastenal from $54.00 to $55.00 and gave the company a “hold” rating in a research note on Tuesday. Robert W. Baird reiterated a “buy” rating and set a $57.00 target price 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. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $57.00 price target on shares of Fastenal in a report on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $54.07.

In related news, insider Charles S. Miller sold 26,250 shares of the stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $56.50, for a total transaction of $1,483,125.00. Following the sale, the insider now directly owns 26,250 shares in the company, valued at approximately $1,483,125. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider William Joseph Drazkowski sold 7,500 shares of the stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $56.64, for a total value of $424,800.00. Following the completion of the transaction, the insider now owns 9,460 shares in the company, valued at $535,814.40. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

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Fastenal Company Profile

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally. It offers fasteners, and other industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, such as bolts, nuts, screws, studs, and related washers, which are used in manufactured products and construction projects, as well as in the maintenance and repair of machines.

Insider Buying and Selling by Quarter for Fastenal (NASDAQ:FAST)

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