Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
In the latest session, Fastenal Co. (NASDAQ: FAST) closed at $66.41 down -0.49% from its previous closing price of $66.74. In other words, the price has decreased by -$0.49 from its previous closing price. On the day, 4.5 million shares were traded. FAST stock price reached its highest trading level at $67.42 during the session, while it also had its lowest trading level at $66.38.
Ratios:
For a deeper understanding of Fastenal Co.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 160.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.95. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Apr 17 ’24 when Johnson Daniel L. bought 3,350 shares for $68.38 per share. The transaction valued at 229,056 led to the insider holds 10,595 shares of the business.
Miller Charles S. sold 11,076 shares of FAST for $832,453 on Mar 15 ’24. The SENIOR EXECUTIVE VP now owns 0 shares after completing the transaction at $75.16 per share. On Feb 20 ’24, another insider, Watts Jeffery Michael, who serves as the CHIEF SALES OFFICER of the company, sold 19,420 shares for $70.25 each. As a result, the insider received 1,364,208 and left with 5,940 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 38022848512 and an Enterprise Value of 38269177856. As of this moment, Fastenal’s Price-to-Earnings (P/E) ratio for their current fiscal year is 32.89, and their Forward P/E ratio for the next fiscal year is 29.03. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.20. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.15 while its Price-to-Book (P/B) ratio in mrq is 11.09. Its current Enterprise Value per Revenue stands at 5.184 whereas that against EBITDA is 22.493.
Stock Price History:
Over the past 52 weeks, FAST has reached a high of $79.04, while it has fallen to a 52-week low of $52.53. The 50-Day Moving Average of the stock is -8.94%, while the 200-Day Moving Average is calculated to be 4.28%.
Shares Statistics:
For the past three months, FAST has traded an average of 3.64M shares per day and 3257270 over the past ten days. A total of 571.98M shares are outstanding, with a floating share count of 571.39M. Insiders hold about 0.20% of the company’s shares, while institutions hold 83.67% stake in the company. Shares short for FAST as of 1713139200 were 17140034 with a Short Ratio of 4.71, compared to 1710460800 on 18346381. Therefore, it implies a Short% of Shares Outstanding of 17140034 and a Short% of Float of 3.42.
Dividends & Splits
According to the company, the forward annual dividend rate for FAST is 1.48, from 1.44 in the trailing year. Against a Trailing Annual Dividend Yield of 0.021576267The stock’s 5-year Average Dividend Yield is 2.28.
