The EVP of Fastenal Company is Exercising Options

By Carrie Williams

Today, the EVP of Fastenal Company, James Jansen, exercised options of Fastenal Company for $14.04K.

Following James Jansen’s last FAST Sell transaction on December 04, 2017, the stock climbed by 3.3%. In addition to James Jansen, one other FAST executive reported Sell trades in the last month.

Based on Fastenal Company’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.09 billion and quarterly net profit of $152 million. In comparison, last year the company earned revenue of $948 million and had a net profit of $115 million. The company has a one-year high of $58.46 and a one-year low of $39.79. FAST’s market cap is $16.63B and the company has a P/E ratio of 28.76.

Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $57.29, reflecting a 1.6% upside.

The insider sentiment on Fastenal Company has been negative according to 31 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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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 products include cutting tools and metalworking; fasteners; material handling, storage and packaging; power transmission and motors; tools and equipment; electrical; abrasives; hydraulics and pneumatics; plumbing; lifting and rigging; raw materials; fleet and automotive; welding; office products and furniture; janitorial; and lighting. 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.