For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
The price of Fastenal Co. (NASDAQ: FAST) closed at $68.48 in the last session, down -0.45% from day before closing price of $68.79. In other words, the price has decreased by -$0.45 from its previous closing price. On the day, 4.22 million shares were traded. FAST stock price reached its highest trading level at $69.23 during the session, while it also had its lowest trading level at $67.88.
Ratios:
We take a closer look at FAST’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 165.33 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 32.94. For the most recent quarter (mrq), Quick Ratio is recorded 2.49 and its Current Ratio is at 4.83. In the meantime, Its Debt-to-Equity ratio is 0.14 whereas as Long-Term Debt/Eq ratio is at 0.11.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, HSBC Securities on September 15, 2023, initiated with a Hold rating and assigned the stock a target price of $59.
On July 13, 2023, Stephens Downgraded its rating to Equal-Weight which previously was Overweight but kept the price unchanged to $60.
On April 04, 2023, Stifel started tracking the stock assigning a Buy rating and target price of $61.Stifel initiated its Buy rating on April 04, 2023, with a $61 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 15 ’24 when Miller Charles S. sold 11,076 shares for $75.16 per share. The transaction valued at 832,453 led to the insider holds 0 shares of the business.
Watts Jeffery Michael sold 19,420 shares of FAST for $1,364,208 on Feb 20 ’24. The CHIEF SALES OFFICER now owns 5,940 shares after completing the transaction at $70.25 per share. On Feb 06 ’24, another insider, Broersma Anthony Paul, who serves as the EVP-OPERATIONS of the company, sold 5,586 shares for $69.34 each. As a result, the insider received 387,306 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FAST now has a Market Capitalization of 39208022016 and an Enterprise Value of 39452844032. As of this moment, Fastenal’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.92, and their Forward P/E ratio for the next fiscal year is 29.84. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.31 while its Price-to-Book (P/B) ratio in mrq is 11.43. Its current Enterprise Value per Revenue stands at 5.344 whereas that against EBITDA is 23.188.
Stock Price History:
The Beta on a monthly basis for FAST is 1.06, which has changed by 0.2542125 over the last 52 weeks, in comparison to a change of 0.2160933 over the same period for the S&P500. Over the past 52 weeks, FAST has reached a high of $79.04, while it has fallen to a 52-week low of $51.96. The 50-Day Moving Average of the stock is -6.90%, while the 200-Day Moving Average is calculated to be 8.76%.
Shares Statistics:
According to the various share statistics, FAST traded on average about 4.15M shares per day over the past 3-months and 5109110 shares per day over the past 10 days. A total of 571.98M shares are outstanding, with a floating share count of 571.27M. Insiders hold about 0.20% of the company’s shares, while institutions hold 84.00% stake in the company. Shares short for FAST as of 1711584000 were 18752977 with a Short Ratio of 4.52, compared to 1709164800 on 18642595. Therefore, it implies a Short% of Shares Outstanding of 18752977 and a Short% of Float of 3.74.
Dividends & Splits
The forward annual dividend rate for FAST is 1.44, which was 1.44 in the trailing 12 months. The stock’s 5-year Average Dividend Yield is 2.29. The current Payout Ratio is 69.45% for FAST, which recently paid a dividend on 2024-01-31 with an ex-dividend date of 1713916800. Stock splits for the company last occurred on 2019-05-23 when the company split stock in a 2:1 ratio.
Earnings Estimates
The current rating of Fastenal Co. (FAST) is the result of assessments by 12 analysts actively engaged in evaluating its market dynamics.On average, analysts expect EPS of $0.53 for the current quarter, with a high estimate of $0.57 and a low estimate of $0.51, while EPS last year was $0.52. The consensus estimate for the next quarter is $0.55, with high estimates of $0.59 and low estimates of $0.53.
Analysts are recommending an EPS of between $2.22 and $2.07 for the fiscal current year, implying an average EPS of $2.12. EPS for the following year is $2.31, with 17 analysts recommending between $2.45 and $2.21.
Revenue Estimates
According to 12 analysts, the current quarter’s revenue is expected to be $1.97B. It ranges from a high estimate of $2B to a low estimate of $1.94B. As of the current estimate, Fastenal Co.’s year-ago sales were $1.89B, an estimated increase of 4.10% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $1.99B, an increase of 7.70% over than the figure of $4.10% in the same quarter last year. There is a high estimate of $2.05B for the next quarter, whereas the lowest estimate is $1.93B.
A total of 15 analysts have provided revenue estimates for FAST’s current fiscal year. The highest revenue estimate was $7.9B, while the lowest revenue estimate was $7.66B, resulting in an average revenue estimate of $7.77B. In the same quarter a year ago, actual revenue was $7.35B, up 5.70% from the average estimate. Based on 15 analysts’ estimates, the company’s revenue will be $8.39B in the next fiscal year. The high estimate is $8.87B and the low estimate is $8.08B. The average revenue growth estimate for next year is up 8.00% from the average revenue estimate for this year.
