Fastenal (FAST) Earns Daily News Impact Score of 0.16

Media headlines about Fastenal (NASDAQ:FAST) have been trending somewhat positive on Thursday, according to Accern. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Fastenal earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.0822822667092 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the media headlines that may have impacted Accern Sentiment’s scoring:

Fastenal (FAST) traded up $0.22 during trading hours on Thursday, hitting $54.78. The stock had a trading volume of 2,088,929 shares, compared to its average volume of 2,067,400. The company has a debt-to-equity ratio of 0.21, a current ratio of 5.36 and a quick ratio of 2.45. The stock has a market cap of $15,750.00, a price-to-earnings ratio of 29.29, a price-to-earnings-growth ratio of 1.83 and a beta of 1.09. Fastenal has a 52-week low of $39.79 and a 52-week high of $55.45.

Fastenal (NASDAQ:FAST) last posted its quarterly earnings data on Wednesday, October 11th. The company reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.12 billion. Fastenal had a return on equity of 27.28% and a net margin of 12.73%. Fastenal’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 EPS. research analysts anticipate that Fastenal will post 1.93 earnings per share for the current year.

Several equities analysts have recently weighed in on FAST shares. Stephens set a $54.00 price target on Fastenal and gave the company a “buy” rating in a report on Wednesday, October 11th. Morgan Stanley reissued an “equal weight” rating and set a $46.00 price target (up from $44.00) on shares of Fastenal in a report on Monday, October 2nd. KeyCorp reissued a “buy” rating and set a $52.00 price target on shares of Fastenal in a report on Thursday, October 12th. BMO Capital Markets reissued a “market perform” rating and set a $51.00 price target (up from $46.00) on shares of Fastenal in a report on Tuesday, October 10th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $51.00 price target on shares of Fastenal in a report on Monday, December 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $52.00.

In other news, insider Leland J. Hein sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $51.00, for a total transaction of $510,000.00. Following the completion of the transaction, the insider now owns 22,588 shares in the company, valued at $1,151,988. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Gary A. Polipnick sold 2,634 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $53.45, for a total value of $140,787.30. Following the transaction, the insider now owns 59,323 shares of the company’s stock, valued at approximately $3,170,814.35. The disclosure for this sale can be found here. Insiders sold a total of 82,746 shares of company stock valued at $4,020,619 in the last quarter. 0.55% of the stock is currently owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Fastenal (NASDAQ:FAST)

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