Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

Fastenal Company Add to portfolio

NAS:FAST, Feb 22, 10:21 UTC

Latest NAS:FAST News

Filter your feed

Apply Filter

Tuesday, January 28


News

Darren Jackson Is The Independent Director of Fastenal Company (NASDAQ:FAST) And They Just Spent US$640k On Shares

FAST

Fastenal Company (NASDAQ:FAST) shareholders (or potential shareholders) will be happy to see that the Independent Director, Darren Jackson, recently bought a whopping US$640k worth of stock, at a price of US$35.57. Notably, that recent purchase by Darren Jackson is the biggest insider purchase of Fastenal shares that we've seen in the last year. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$35.25). Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Insiders own 0.3% of Fastenal shares, worth about US$70m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders. So What Does This Data Suggest About Fastenal Insiders?

Read Full Details

Topics:
  • Business
  • Financial

Friday, January 17


News

Fastenal Q4 Profit Rises, Meets View - Quick Facts

FAST

(RTTNews) - Fastenal Co. (FAST) on Friday reported a 5.9 percent increase in net earnings for the fourth quarter to $178.7 million from $168.8 million in the year-ago period. Earnings per share increased 5.4 percent to $0.31 from $0.29 last year. The company noted that adjusting for the discrete tax item that adversely affected net earnings in the year-ago period, net earnings and net earnings per share in the latest quarter would have grown by 4.0 percent and 3.4 percent, respectively. Net sales for the quarter increased 3.7 percent to $1.28 billion from $1.23 billion in the year-ago period.

Read Full Details

Topics:
  • Business
  • Financial

Friday, January 10


News

Why Shares in Fastenal Soared 41% in 2019

FAST

Shares in industrial supply company Fastenal(NASDAQ: FAST) soared 41.3% in 2019 according to data provided by S&P Global Market Intelligence. In a year when U.S. industrial production came in lower than most of the expectations going into it, Fastenal managed to generate high-single-digit sales and operating income growth largely based on its strategy of expanding onsite locations, e-commerce sales growth, and placing industrial vending machines. Fastenal's results in 2019 are very good, especially when you consider the headwinds it's faced from a slowing industrial economy, cost increases emanating from tariff actions, and the threat from online competition. As you can see below, the company's year-over-year growth rate has slowed as a consequence of weakness in the industrial economy, but Fastenal still remain firmly in positive territory. For reference, industrial supply companies have what economists call short-cycle sales. Meanwhile, bears will point out that the current trend in the industrial economy is negative, Europe remains in an anemic growth mode, and there's no shortage of geopolitical issues to worry about right now. If the bulls are right, there should be an improvement in the industrial economy at some point in the middle of 2020 -- something that could lead to a much brighter outlook for Fastenal's earnings in 2021.

Read Full Details

Story Sources

nasdaq.com fool.com
Topics:
  • Business
  • Financial

Thursday, December 26


News

Hedge Fund Consensus Stocks vs. Fastenal Company (FAST) In 2019

FAST

We analyze quarterly 13F filings of nearly 750 hedge funds and, by looking at the smart money sentiment that surrounds a stock, we can determine whether it has the potential to beat the market over the long-term. Therefore, let’s take a closer look at what smart money thinks about Fastenal Company (NASDAQ:FAST) and compare its performance to hedge funds' consensus picks in 2019. Our calculations also showed that FAST isn't among the 30 most popular stocks among hedge funds (click for Q3 rankings and see the video at the end of this article for Q2 rankings). Our research has shown that hedge funds' large-cap stock picks indeed failed to beat the market between 1999 and 2016. However, we were able to identify in advance a select group of hedge fund holdings that outperformed the Russell 2000 ETFs by 40 percentage points since May 2014 (see the details here). Due to the fact that Fastenal Company (NASDAQ:FAST) has faced bearish sentiment from the aggregate hedge fund industry, it's easy to see that there is a sect of hedgies that elected to cut their entire stakes heading into Q4.

Read Full Details

Topics:
  • Business
  • Financial

Tuesday, December 17


News

Be Afraid Of Bad Valuations: Fastenal Company (FAST) and Advanced Micro Devices Inc. (AMD)

FAST

In a separate transaction which took place on 9/30/2019, the institutional investor, THE VANGUARD GROUP, INC. bought 1.3 million shares of the company’s stock. Fastenal Company (FAST) shares are taking a pay cut of -1.40% from the high point of 52 weeks and flying high of 52.04% from the low figure of 52 weeks. According to WSJ, Fastenal Company (FAST) obtained an estimated Hold proposal from the 16 brokerage firms currently keeping a deep eye on the stock performance as compares to its rivals. Return on equity ratio or ROE is a significant indicator for prospective investors as they would like to see just how effectively a business is using their cash to produce net earnings. As a return on equity, Advanced Micro Devices Inc. (NASDAQ:AMD) produces 11.70%. Because it would be easy and highly flexible, ROI measurement is among the most popular investment ratios.

Read Full Details

Topics:
  • Business
  • Financial

Saturday, December 14


News

FY2019 EPS Estimates for Fastenal Reduced by Jefferies Financial Group (NASDAQ:FAST) – Mitchell Messenger

FAST JEF

Fastenal (NASDAQ:FAST) – Analysts at Jefferies Financial Group dropped their FY2019 earnings per share (EPS) estimates for Fastenal in a research note issued to investors on Thursday, December 5th, Zacks Investment Research reports. Jefferies Financial Group analyst H. Mazari now forecasts that the company will post earnings per share of $1.38 for the year, down from their prior estimate of $1.39. Stephens cut Fastenal from an “overweight” rating to an “equal” rating and raised their target price for the stock from $36.00 to $37.00 in a research report on Monday, October 14th. In related news, CAO Sheryl Ann Lisowski sold 8,750 shares of Fastenal stock in a transaction dated Monday, October 14th.

Read Full Details

Topics:
  • Business
  • Financial

Thursday, December 05


News

Is Fastenal Company (FAST) A Good Stock To Buy?

FAST

"Since 2006, value stocks (IVE vs IVW) have underperformed 11 of the 13 calendar years and when they beat growth, it wasn't by much. We aren't sure whether value stocks outperform growth, but we follow hedge fund investor letters to understand where the markets and stocks might be going. In the eyes of most stock holders, hedge funds are perceived as unimportant, outdated investment tools of yesteryear. While there are greater than 8000 funds with their doors open today, Our researchers hone in on the crème de la crème of this club, approximately 750 funds. Unlike the largest US hedge funds that are convinced Dow will soar past 40,000 or the world's most bearish hedge fund that's more convinced than ever that a crash is coming, our long-short investment strategy doesn't rely on bull or bear markets to deliver double digit returns.

Read Full Details

Topics:
  • Business
  • Financial

Thursday, November 21


News

Zacks Earnings Trends Highlights: Fastenal, United Rentals, Caterpillar, Texas Instruments and Hasbro

FAST HAS +3 more FAST HAS TXN URI CAT

You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>. Total earnings (or aggregate net income) for the 469 S&P 500 companies that have reported results already are down -1.2% from the year-earlier level on +4.3% higher revenues, with 72.7% beating EPS estimates and 57.6% beating revenue estimates. While earnings growth is below what we had seen for this group of companies in other recent periods, revenue growth is only modestly tracking below what this same group achieved in the preceding period. Sectors with positive earnings growth in Q3 include Business Services (+16.2%), Transportation (+8.2%), Utilities (+10.2%), Medical (+7.1%), Finance (+3.0%) and Construction (+6.4%). Worries about the duration of the current economic cycle are not reflected in consensus earnings estimates for next year and beyond, with the 2019 growth challenge primarily a function of tough comparisons to last year’s tax-cut driven record earnings.

Read Full Details

Topics:
  • Business
  • Financial

Tuesday, November 19


News

Facebook, Inc. [FB] – How low can NASDAQ:FB go? A return to Fundamental Analysis – The Dwinnex

FAST

Facebook, Inc. [NASDAQ: FB] shares went higher by 0.69% from its previous closing of $197.40, now trading at the price of $198.76, also adding 1.36 points. The stock had a rather active trading session with the latest closing, by far recording 6.93 million contracts. Now let’s turn to look at profitability: with a current Operating Margin for Facebook, Inc. [FB] sitting at +44.62 and its Gross Margin at +83.25, this company’s Net Margin is now 27.10%. Facebook, Inc. [FB] has a Price to Book Ratio of 4.45, a Price to Cash Flow Ratio of 13.08 and P/E Ratio of 31.74.

Read Full Details

Topics:
  • Business
  • Financial

Sunday, November 17


News

Fastenal Co. (FAST) Holder Confluence Investment Management LLC Increased Position by $3.21 Million

FAST

Mountain Pacific Invest Advisers Inc Id owns 1.37% invested in Fastenal Company (NASDAQ:FAST) for 465,948 shares. The institutional investor held 2.45M shares of the building materials company at the end of 2019Q2, valued at $111.82M, up from 2.38M at the end of the previous reported quarter. Confluence Investment Management Llc who had been investing in Fastenal Co. for a number of months, seems to be bullish on the $20.84 billion market cap company. More notable recent Fastenal Company (NASDAQ:FAST) news were published by: Nasdaq.com which released: “Why Square’s Stock Is a Bargain Today – Nasdaq” on November 16, 2019, also Nasdaq.com with their article: “ANALYSIS-WeWork still on life support, rivals say it must cut costs fast – Nasdaq” published on November 05, 2019, Nasdaq.com published: “Routing 201: Some of the Choices an Algo Makes in the Life of an Order – Nasdaq” on November 14, 2019.

Read Full Details

Topics:
  • Business
  • Financial