Is Fastenal Co. (NASDAQ: FAST) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility.

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Stocks Info

Fastenal Co. is listed on the NASDAQ in the Industrials sector while operating in the Industrial Distribution industry. The current market capitalization of Fastenal Co. is $39.52B. A total of 3.62 million shares were traded on the day, compared to an average of 3.37M shares.

In the most recent transaction, HSU Hsenghung Sam bought 500 shares of FAST for 62.95 per share on Jun 11 ’24. After the transaction, the Director now owns 4,000 company shares. In a previous transaction on Jun 10 ’24, HSU Hsenghung Sam bought 500 shares at 63.28 per share. FAST shares that Director owns now total 3,500.

Among the insiders who sold shares, Jansen James C disposed of 11,428 shares on May 29 ’24 at a per-share price of $64.07. This resulted in the EXECUTIVE VICE PRESIDENT holding 26,176 shares of FAST after the transaction. In another insider transaction, Johnson Daniel L. bought 3,350 shares at $68.38 per share on Apr 17 ’24. Company shares held by the Director now total 10,595.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Fastenal Co. pays an annual dividend of $1.48, resulting in a dividend yield of 2.14%, and it has a price to earnings (P/E) ratio of 34.36. FAST’s most recent ex-dividend date was 7/25/2024 when it declared a $0.39 quarterly dividend that was paid in cash on 8/23/2024. Previously, the company paid the dividend on 5/23/2024 with an ex-dividend date of 4/24/2024. The FAST stock dividend was $0.39 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, FAST has a high of $79.04 and a low of $53.49.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. FAST’s latest balance sheet shows that the firm has $236.20M in Cash & Short Term Investments as of fiscal 2021. There were $636.80M in debt and $682.20M in liabilities at the time. Its Book Value Per Share was $6.10, while its Total Shareholder’s Equity was $3.04B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FAST is Buy with a score of 3.00.

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