Press coverage about Fastenal (NASDAQ:FAST) has been trending somewhat positive on Tuesday, according to Accern. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Fastenal earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.3131160601547 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Senior Executive VP of Fastenal Co (NASDAQ:FAST), Hein Leland J, sells 9,888 shares worth $479,573 (empowerednews.net)
- Fastenal Company (FAST) Insider Terry Modock Owen Sells 30,000 Shares (americanbankingnews.com)
- Fastenal Company (FAST) Given Average Rating of “Buy” by Brokerages (americanbankingnews.com)
- Are Investors Wary Of Fastenal Company (FAST)? (financialstrend.com)
- Whirling Stocks: The Walt Disney Company (NYSE:DIS), Fastenal Company (NASDAQ:FAST), American Electric Power … – The Stock Street (press release) (thestreetpoint.com)
Shares of Fastenal (NASDAQ FAST) traded down $0.36 during mid-day trading on Tuesday, hitting $48.11. 1,667,900 shares of the stock traded hands, compared to its average volume of 2,817,313. Fastenal has a one year low of $39.79 and a one year high of $52.74. The firm has a market cap of $13,760.00, a price-to-earnings ratio of 25.78, a price-to-earnings-growth ratio of 1.80 and a beta of 1.06. The company has a quick ratio of 2.45, a current ratio of 5.36 and a debt-to-equity ratio of 0.21.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, October 25th will be paid a dividend of $0.32 per share. The ex-dividend date is Tuesday, October 24th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.66%. Fastenal’s dividend payout ratio is 68.09%.
A number of research firms have recently issued reports on FAST. BMO Capital Markets reiterated a “market perform” rating and issued a $51.00 target price (up previously from $46.00) on shares of Fastenal in a research note on Tuesday, October 10th. Morgan Stanley reiterated an “equal weight” rating and issued a $46.00 target price (up previously from $44.00) on shares of Fastenal in a research note on Monday, October 2nd. Stephens set a $54.00 target price on shares of Fastenal and gave the company a “buy” rating in a research note on Wednesday, October 11th. KeyCorp reiterated a “buy” rating and issued a $52.00 target price on shares of Fastenal in a research note on Thursday, October 12th. Finally, Northcoast Research reiterated a “buy” rating on shares of Fastenal in a research note on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $50.80.
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In other news, insider Terry Modock Owen sold 30,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $48.02, for a total value of $1,440,600.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Leland J. Hein sold 10,000 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $48.00, for a total transaction of $480,000.00. Following the completion of the sale, the vice president now directly owns 20,258 shares in the company, valued at $972,384. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 60,112 shares of company stock valued at $2,884,832. Company insiders own 0.55% of the company’s stock.
Fastenal Company Profile
Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. The Company is engaged in fastener distribution, and non-fastener maintenance and supply business. As of December 31, 2016, it distributed these supplies through a network of approximately 2,500 stores. Its customers are in the manufacturing and non-residential construction markets.
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