In a report released today, Chris Dankert from Loop Capital Markets reiterated a Hold rating on Fastenal Company (FAST – Research Report), with a price target of $64.00. The company’s shares closed yesterday at $69.48.
Dankert covers the Industrials sector, focusing on stocks such as Fastenal Company, MSC Industrial, and Nordson. According to TipRanks, Dankert has an average return of 17.4% and a 77.94% success rate on recommended stocks.
In addition to Loop Capital Markets, Fastenal Company also received a Hold from UBS’s Christopher Snyder in a report issued on January 22. However, on January 23, Argus Research maintained a Buy rating on Fastenal Company (NASDAQ: FAST).
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The company has a one-year high of $70.95 and a one-year low of $48.79. Currently, Fastenal Company has an average volume of 3.75M.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FAST in relation to earlier this year. Last month, William Joseph Drazkowski, the EVP of FAST sold 11,968.00 shares for a total of $826,869.12.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Fastenal Company (FAST) Company Description:
Incorporated in 1967, Fastenal Co. is a Minnesota-based company, which is engaged in the wholesale distribution of industrial and construction supplies. It offers fasteners, and related industrial and construction supplies under the Fastenal name.
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