Susquehanna Sticks to Its Hold Rating for Fastenal Company

By Carrie Williams

Susquehanna analyst Robert Barry reiterated a Hold rating on Fastenal Company (NASDAQ: FAST) today and set a price target of $52. The company’s shares closed yesterday at $55.09, close to its 52-week high of $55.92.

According to, Barry is a 4-star analyst with an average return of 12.3% and a 80.6% success rate. Barry covers the Industrial Goods sector, focusing on stocks such as Mueller Water Products, Lennox International, and The Middleby Corp.

Currently, the analyst consensus on Fastenal Company is Moderate Buy and the average price target is $57.38, representing a 4.2% upside.

In a report issued on January 8, Stifel Nicolaus also reiterated a Hold rating on the stock with a $53 price target.

Fastenal Company’s market cap is currently $15.83B and has a P/E ratio of 29.30. The company has a book value ratio of 7.8132.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. Most recently, in December 2017, James Jansen, the EVP of FAST sold 10,000 shares for a total of $520,000.

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Fastenal Co. engages in the provision of fasteners, tools, and supplies which can help in the manufacture of products, build structures, protect personnel, and maintain facilities and equipment. It operates under the following brands: Agent, Aspect, Blackstone, Body Guard, Clean Choice, DynaFlo, EquipRite, FMT, FNL, Northway, Power Phase, ProFitter, Regiment, Rock River, Stronghold, Talon, and Tritan. 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.