Fastenal Company (FAST) has seen a robust increase in its
Stock value. Despite several instances of underperformance in competition, the
growth the company has displayed over the years is remarkable, with shareholders earning a 20% CAGR over five years and a 123% gain recorded over the last five. However, there have been revenue and EPS
misses for Q1 2024, although
net sales and revenue for the same quarter exceeded projections.
Daniel Johnson, a Director, invested heavily in the company, acquiring an additional 3,350 shares. The company is well-favored among
institutional investors, with 83% ownership. Although Q1 earnings fell short of expectations, the company stock performed exceptionally well, gaining 7%. There has also been a positive response to Fastenal converting a select fleet of their trucks to
EVs. Analysts have a mixed projection for the company as it exceeded market returns but lagged in other factors. Despite negative market movements, the company assures its investors with an 11%
dividend increase.
Fastenal Co FAST News Analytics from Tue, 10 Oct 2023 07:00:00 GMT to Fri, 17 May 2024 23:10:57 GMT -
Rating 5
- Innovation 4
- Information 8
- Rumor 2
