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After finishing at $67.41 in the prior trading day, Fastenal Co. (NASDAQ: FAST) closed at $67.50, up 0.13%. In other words, the price has increased by $0.13 from its previous closing price. On the day, 1.56 million shares were traded. FAST stock price reached its highest trading level at $68.202 during the session, while it also had its lowest trading level at $66.76.
Ratios:
Our goal is to gain a better understanding of FAST by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 151.29 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 33.74. For the most recent quarter (mrq), Quick Ratio is recorded 2.29 and its Current Ratio is at 4.39. In the meantime, Its Debt-to-Equity ratio is 0.15 whereas as Long-Term Debt/Eq ratio is at 0.09.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 21 ’24 when FLORNESS DANIEL L sold 45,744 shares for $68.14 per share. The transaction valued at 3,117,056 led to the insider holds 286,018 shares of the business.
DANIEL LARS FLORNESS bought 45,744 shares of FAST for $3,117,056 on Aug 21 ’24. On Jun 10 ’24, another insider, HSU Hsenghung Sam, who serves as the Director of the company, bought 500 shares for $63.28 each. As a result, the insider paid 31,640 and bolstered with 3,500 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 38653607936 and an Enterprise Value of 38914310144. As of this moment, Fastenal’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.61, and their Forward P/E ratio for the next fiscal year is 30.72. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.21 while its Price-to-Book (P/B) ratio in mrq is 11.06. Its current Enterprise Value per Revenue stands at 5.247 whereas that against EBITDA is 22.996.
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 $53.49. The 50-Day Moving Average of the stock is 1.67%, while the 200-Day Moving Average is calculated to be 0.13%.
Shares Statistics:
The stock has traded on average 3.08M shares per day over the past 3-months and 1713580 shares per day over the last 10 days, according to various share statistics. A total of 571.98M shares are outstanding, with a floating share count of 571.47M. Insiders hold about 0.21% of the company’s shares, while institutions hold 82.87% stake in the company. Shares short for FAST as of 1723680000 were 13319686 with a Short Ratio of 4.32, compared to 1721001600 on 15964919. Therefore, it implies a Short% of Shares Outstanding of 13319686 and a Short% of Float of 2.6600001.
Dividends & Splits
In the trailing 12 months, FAST’s forward annual dividend rate was 1.48, compared to 1.52 this year. Against a Trailing Annual Dividend Yield of 0.0219552The stock’s 5-year Average Dividend Yield is 2.26.
