The COO of Fastenal (NASDAQ: FAST) is Selling SharesBy Carrie Williams
Based on Fastenal’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $1.01 billion and quarterly net profit of $127 million. In comparison, last year the company earned revenue of $995 million and had a net profit of $136 million. The company has a one year high of $49.99 and a one year low of $35.10. FAST’s market cap is $13.7B and the company has a P/E ratio of 27.56.
Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $43.67, reflecting a 8.8% upside.
The insider sentiment on Fastenal has been positive according to 21 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Fastenal Co. engages in the business of wholesale and retail distribution of industrial and construction supplies. The company offers its products under the brand Fastenal. Its products line consists of two broad categories, which include threaded fasteners, such as bolts, nuts, screws, studs and related washers; and miscellaneous supplies and hardware, such as various pins and machinery keys, concrete anchors, metal framing systems, wire rope, strut, rivets, and related accessories. The company was founded by Robert A. Kierlin, Michael M. Gostomski, Henry K. McCannon, John D. Remick and Stephen M. Slaggie in November 1967 and is headquartered in Winona, MN.