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12 October 2017, 05:29 | Hattie Nash
Analysts forecast earnings per share of $0.50, up exactly $0.06 or 13.64 % from 2014's $0.44 EPS. The rating was maintained by Stifel Nicolaus on Monday, August 21 with "Hold".
Beta is also an important valuation ratio for analyzing the stock of the company, FAST's beta remains at 1.05. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. The business's revenue for the quarter was up 11.8% compared to the same quarter a year ago. This works out to an increase of 10.98% compared to last year's earnings.
They expect $0.5 EPS, up 12% or $0.06 from last year's $0.44 per share. Dorsey & Whitney Trust CO LLC boosted its stake in Fastenal Company by 1.2% in the third quarter. If you are accessing this news story on another website, it was stolen and republished in violation of United States and worldwide copyright and trademark legislation. Rech And Management has invested 0.06% in Fastenal Company (NASDAQ:FAST).
A number of other equities analysts have also recently commented on FAST. BMO Capital Markets maintained the shares of FAST in report on Tuesday, June 6 with "Hold" rating. Credit Suisse Group AG set a $52.00 target price on Fastenal Company and gave the stock a "buy" rating in a research note on Thursday, May 4th. Wells Fargo & Company reaffirmed a "market perform" rating and issued a $47.00 target price (down from $51.00) on shares of Fastenal in a report on Wednesday, July 12th. Therefore 53% are positive.
Among 4 analysts covering Adaptimmune Therapeutics PLC (NASDAQ:ADAP), 2 have Buy rating, 1 Sell and 1 Hold. The stock's average target of $104.50 is -26.86% below today's ($142.88) share price. Fastenal has a 12-month low of $37.70 and a 12-month high of $52.74. A significant increase in trading volume means that more than double the average amount of stocks are moving.
Other institutional investors also recently made changes to their positions in the company. During last 3 month period, 0.32% of total institutional ownership has changed in the company shares. Girard Partners LTD. boosted its position in shares of Fastenal by 14.5% during the 2nd quarter. The stock of Fastenal Company (NASDAQ:FAST) has "Buy" rating given on Friday, June 2 by Longbow. Seven Eight Capital LP boosted its position in shares of Fastenal by 67.2% during the 2nd quarter. Following multiple time frames using moving averages can help investors figure out where the stock has been and help determine where it may be possibly going. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Fastenal by 58.4% during the 2nd quarter. About shares traded. Celanese Corporation (NYSE:CE) has risen 21.48% since October 12, 2016 and is uptrending.
Examining insider trading at Fastenal Company (NASDAQ:FAST) can provide us with excellent insight into how the company's stock is performing.
In other news, Director Daniel L. Johnson acquired 600 shares of the company's stock in a transaction on Monday, July 24th. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Morgan Stanley owns 2.10M shares for 0.03% of their portfolio. The shares were bought at an average price of $44.75 per share, with a total value of $223,750.00. Amg Funds Ltd Liability owns 61,201 shares. The disclosure for this sale can be found here. The day's total volume of 6189888 this morning is in contrast from the three-month daily average of 3103.57K. Shareholders of record on Wednesday, October 25th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.94%. Fastenal's dividend payout ratio is now 70.33%. Dorsey & Whitney Trust CO LLC now owns 110,317 shares of the company's stock valued at $4,609,000 after buying an additional 1,269 shares during the last quarter.
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