Currently, there are 571.98M common shares owned by the public and among those 571.48M shares have been available to trade.
The company’s stock has a 5-day price change of 9.56% and 11.10% over the past three months. FAST shares are trading 18.40% year to date (YTD), with the 12-month market performance up to 28.15% higher. It has a 12-month low price of $56.06 and touched a high of $79.04 over the same period. FAST has an average intraday trading volume of 2.67 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.28%, 11.24%, and 11.60% respectively.
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Institutional ownership of Fastenal Co. (NASDAQ: FAST) shares accounts for 83.02% of the company’s 571.98M shares outstanding.
It has a market capitalization of $43.92B and a beta (3y monthly) value of 0.99. The stock’s trailing 12-month PE ratio is 38.10, while the earnings-per-share (ttm) stands at $2.01. The company has a PEG of 4.89 and a Quick Ratio of 2.29 with the debt-to-equity ratio at 0.15. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.01% over the week and 1.97% over the month.
Earnings per share for the fiscal year are expected to increase by 0.82%, and 8.05% over the next financial year. EPS should shrink at an annualized rate of 7.79% over the next five years, compared to 9.01% over the past 5-year period.
Looking at the support for the FAST, a number of firms have released research notes about the stock. BofA Securities stated their Buy rating for the stock in a research note on October 07, 2024, with the firm’s price target at $85. Morgan Stanley coverage for the Fastenal Co. (FAST) stock in a research note released on September 06, 2024 offered a Equal-Weight rating with a price target of $72. HSBC Securities was of a view on September 15, 2023 that the stock is Hold, while Stephens gave the stock Equal-Weight rating on July 13, 2023, issuing a price target of $60. Stifel on their part issued Buy rating on April 04, 2023.
