The COO of Fastenal (NASDAQ: FAST) is Selling Shares

By Carrie Williams

Today, the COO of Fastenal (NASDAQ: FAST), Leland Hein, sold shares of FAST for $94.8K.

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.

Leland Hein’s trades have generated a 1.0% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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.