Robert W. Baird analyst David Manthey maintained a Hold rating on Fastenal Company (FAST – Research Report) yesterday and set a price target of $57.00. The company’s shares closed yesterday at $54.02.
Manthey covers the Industrial Goods sector, focusing on stocks such as Fastenal Company, Wesco International, and Applied Tech. According to TipRanks, Manthey has an average return of 12.6% and a 64.61% success rate on recommended stocks.
Fastenal Company has an analyst consensus of Hold, with a price target consensus of $53.71, implying a -0.57% downside from current levels. In a report released on April 20, UBS also maintained a Hold rating on the stock with a $56.00 price target.
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FAST market cap is currently $30.85B and has a P/E ratio of 27.89.
Based on the recent corporate insider activity of 16 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. Most recently, in February 2023, Terry Modock Owen, the SEVP of FAST sold 15,000.00 shares for a total of $798,600.00.
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.
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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