Ultime notizie per Fastenal (NASDAQ:FAST) Azioni

Fastenal

Fastenal opened its first fastener store in 1967 in Winona, Minnesota. Since then, it has greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 1,600 branches, over 1,800 on-site locations, and 15 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 30%-35% of sales. Fastenal also offers customers supply chain solutions, such as vending and vendor-managed inventory.

Fastenal Co

FASTENAL ORD

FAST TRACK GROUP

FASTIGHETS AB BALDR U/ADR by FASTIGHETS AB BALDER

FASTIGHETS AKTIEBLAET AKB by FASTIGHETS AKTIEBOLAGET

FASTLY CL A ORD

FAST CASUAL CONCEPTS INC by FAST CASUAL CONCEPTS INC.

Fast Casual Concepts Inc

FAST FINANCE PAY CORP by Fast Finance Pay Corp.

Fast Finance Pay Corp

FAST RETAILING CO LTD by Fast Retailing Co. Ltd.

Fast Retailing Co Ltd

FAST RETAILING UNSP/ADR by Fast Retailing Co. Ltd.

Fastbase Inc

FASTIGHETS BALDER B NEW by FASTIGHETS AB BALDER

Fastighets AB Balder

Fastly Inc

Fastned BV

Fastenal Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) will release earnings results for its third quarter, before the <a href="https://www.benzinga.com/quote/FAST/earnings">opening bell on Friday, Oct. 11.</a>
Analysts expect the Winona, Minnesota-based company to report quarterly earnings at 52 cents per share, compared to 52 cents per share in the year-ago period. Fastenal projects to report revenue of $1.91 billion for the quarter, compared to $1.85 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Sept. 6, Fastenal reported August sales of $652.65 million, down 2.3% year-over-year.
Fastenal shares gained 0.6% to close at $70.61 on Wednesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/FAST/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e5fb2012834bc00015fa4e5/chris-snyder">Morgan Stanley analyst Chris Snyder</a> initiated coverage on the stock with an Equal-Weight rating and a price target of $72 on Sept. 6. This analyst has an accuracy rate of 72%.</li>
<li>Stephens &amp; Co. analyst Tommy Moll reiterated an Equal-Weight rating with a price target of $56 on July 15. This analyst has an accuracy rate of 79%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/584feeb7ee7bf600019078e6/stephen-volkmann">Jefferies analyst Stephen Volkmann</a> maintained a Hold rating and decreased the price target from $74 to $65 on July 11. This analyst has an accuracy rate of 73%.</li>
<li>Baird analyst John David Manthey maintained a Neutral rating and cut the price target from $71 to $69 on May 7. This analyst has an accuracy rate of 83%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58b80a8fb85e930001442701/chris-dankert">Loop Capital analyst Chris Dankert</a> maintained a Hold rating and slashed the price target from $71 to $66 on April 15. This analyst has an accuracy rate of 72%.</li>
</ul>
Considering buying FAST stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="540" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10035303/image-68-1024x540.png" alt="" class="wp-image-588950" style="width:630px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10035303/image-68-1024x540.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10035303/image-68-300x158.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10035303/image-68-768x405.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/10035303/image-68.png 1285w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Earnings

News

Price Target

Markets

Analyst Ratings

Trading Ideas

FAST

Fastenal Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Fastenal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) will release its quarterly earnings report on Friday, 2024-10-11. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Fastenal to report an earnings per share (EPS) of $0.51.
Anticipation surrounds Fastenal's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Performance in Previous Earnings</h3>
During the last quarter, the company reported an EPS missed by $0.00, leading to a 0.0% drop in the share price on the subsequent day.
Here's a look at Fastenal's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.51</td>
<td>0.53</td>
<td>0.45</td>
<td>0.50</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.51</td>
<td>0.52</td>
<td>0.46</td>
<td>0.52</td>
</tr>
<tr>
<td>Price Change %</td>
<td>2.0%</td>
<td>1.0%</td>
<td>2.0%</td>
<td>-0.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1728568813_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Fastenal were trading at $70.61 as of October 09. Over the last 52-week period, shares are up 16.55%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analysts' Perspectives on Fastenal</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Fastenal.
Analysts have provided Fastenal with 4 ratings, resulting in a consensus rating of Buy. The average one-year price target stands at $73.25, suggesting a potential 3.74% upside.
<h3>Analyzing Ratings Among Peers</h3>
The following analysis focuses on the analyst ratings and average 1-year price targets of Ferguson Enterprises, W.W. Grainger and United Rentals, three prominent industry players, providing insights into their relative performance expectations and market positioning.
<ul>
<li>The consensus outlook from analysts is an Outperform trajectory for Ferguson Enterprises, with an average 1-year price target of $231.25, indicating a potential 227.5% upside.</li>
<li>Analysts currently favor an Neutral trajectory for W.W. Grainger, with an average 1-year price target of $975.5, suggesting a potential 1281.53% upside.</li>
<li>The consensus among analysts is an Buy trajectory for United Rentals, with an average 1-year price target of $899.5, indicating a potential 1173.9% upside.</li>
</ul>
<h3>Comprehensive Peer Analysis Summary</h3>
Within the peer analysis summary, vital metrics for Ferguson Enterprises, W.W. Grainger and United Rentals are presented, shedding light on their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Fastenal</td>
<td>Buy</td>
<td>1.76%</td>
<td>$863.50M</td>
<td>8.45%</td>
</tr>
<tr>
<td>Ferguson Enterprises</td>
<td>Outperform</td>
<td>1.38%</td>
<td>$2.46B</td>
<td>8.10%</td>
</tr>
<tr>
<td>W.W. Grainger</td>
<td>Neutral</td>
<td>3.11%</td>
<td>$1.69B</td>
<td>14.52%</td>
</tr>
<tr>
<td>United Rentals</td>
<td>Buy</td>
<td>6.16%</td>
<td>$1.52B</td>
<td>7.76%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Fastenal ranks at the bottom for Revenue Growth among its peers. It is in the middle for Gross Profit. Fastenal is at the bottom for Return on Equity.
<h3>About Fastenal</h3>
Fastenal opened its first fastener store in 1967 in Winona, Minnesota. Since then, it has greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 1,600 branches, over 1,800 on-site locations, and 15 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 30%-35% of sales. Fastenal also offers customers supply chain solutions, such as vending and vendor-managed inventory.
<h3>Unraveling the Financial Story of Fastenal</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Positive Revenue Trend: Examining Fastenal's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 1.76% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: Fastenal's net margin is impressive, surpassing industry averages. With a net margin of 15.28%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Fastenal's ROE excels beyond industry benchmarks, reaching 8.45%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Fastenal's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 6.41%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.15.
<a href="https://www.benzinga.com/quote/FAST/earnings">To track all earnings releases for Fastenal visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: Fastenal's Earnings

General

Fastenal shares are trading higher after B of A Securities initiated coverage on the stock with a Buy rating and announced a price target of $85.

Fastenal Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) shares are trading slightly higher Monday. BofA Securities analyst Sabrina Abrams initiated coverage on Fastenal with a Buy rating and announced a <a href="https://www.benzinga.com/news/24/10/41206642/this-fastenal-analyst-begins-coverage-on-a-bullish-note-here-are-top-5-initiations-for-monday">price target of $85</a>.
The Details:
The BofA analyst highlighted Fastenal's double-digit growth in national customer contract counts in the first and second quarters of 2024, reflecting the success of the company's renewed focus on winning contracts with large customers. Abrams said she expects the growth to continue through the fourth quarter and into 2025 and 2026.&nbsp;
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41176088/what-happened-with-vistra-constellation-energy-stocks-today">What Happened With Vistra, Constellation Energy Stocks Today?</a>
Abrams also noted Fastenal's sales volumes have outperformed even as offshoring slowed industrial production in its markets. The analyst sees Fastenal as positioned to benefit as companies return to reshoring and expects sales volumes to accelerate further in the long-term.&nbsp;
FAST Q3: Fastenal is set to report its third-quarter financial results on Friday before the opening bell.&nbsp; Analysts expects the company to report earnings of 51 cents per share and quarterly revenue of $1.915 billion, according to estimates from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>.
<h3 class="wp-block-heading">FAST Stock Prediction 2024: </h3>
When buying a stock for a longer time horizon, it is important for investors to assess where they think the stock is headed in the future.
When mapping a stock's future trajectory, investors should consider factors including the future earnings expectations and expected performance against a benchmark.
Fastenal&#8217;s revenue has grown at an average rate of 7.73% annually over the past 5 years. The average 1-year price target from analysts is $71.6, representing an expected 1.94% upside in 2025.
While past performance is not a guarantee of future results, investors should also look at a stock's historical performance when compared to both a benchmark index and the company's peers. Shares of Fastenal have seen an annualized return of 12.9%, outperforming the S&amp;P500 index by 3.56%. This compares to 12.1% growth in the overall Industrials sector. Fastenal has a beta of 1.2.
FAST Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Fastenal shares are up 0.44% at $70.49 at the time of publication Monday.
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Image: Shutterstock&nbsp;

Analyst Color

Movers

What's Going On With Fastenal Stock?

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Keybanc analyst Todd Thomas initiated coverage on Curbline Properties Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CURB#NYSE">CURB</a>) with a Sector Weight rating. Curbline Properties shares gained 3.7% to close at $23.44 on Friday. <a href="https://www.benzinga.com/quote/CURB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/62d530923a993c00017c15c4/matthew-caufield">HC Wainwright &amp; Co. analyst Matthew Caufield</a> initiated coverage on DiaMedica Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DMAC#NASDAQ">DMAC</a>) with a Buy rating and announced a price target of $7. DiaMedica Therapeutics shares fell 0.7% to close at $4.36 on Friday. <a href="https://www.benzinga.com/quote/DMAC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities analyst Sabrina Abrams initiated coverage on Fastenal Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) with a Buy rating and announced a price target of $85. Fastenal shares fell 0.8% to close at $70.18 on Friday. <a href="https://www.benzinga.com/quote/FAST/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6001c7a72bbc2200013493df/bill-chappell">Truist Securities analyst Bill Chappell</a> initiated coverage on Westrock Coffee Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEST#NASDAQ">WEST</a>) with a Buy rating and announced a price target of $10. Westrock Coffee shares fell 3.2% to close at $5.95 on Friday. <a href="https://www.benzinga.com/quote/WEST/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B. Riley Securities analyst Matthew Key initiated coverage on Uranium Royalty Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UROY#NASDAQ">UROY</a>) with a Buy rating and announced a price target of $3.5. Uranium Royalty shares gained 2.3% to close at $2.63 on Friday. <a href="https://www.benzinga.com/quote/UROY/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying FAST stock? Here&#8217;s what analysts think:
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="526" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07090647/image-38-1024x526.png" alt="" class="wp-image-583453" style="width:547px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07090647/image-38-1024x526.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07090647/image-38-300x154.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07090647/image-38-768x394.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07090647/image-38.png 1315w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Initiation

Pre-Market Outlook

CURB

DMAC

UROY

WEST

This Fastenal Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Monday

Providing a diverse range of perspectives from bullish to bearish, 5 analysts have published ratings on Fastenal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) in the last three months.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $71.6, along with a high estimate of $85.00 and a low estimate of $56.00. This current average represents a 0.1% decrease from the previous average price target of $71.67. 
<img src="https://www.benzinga.com/files/images/story/2024/1728302460_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
A clear picture of Fastenal's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Sabrina Abrams</td>
<td>B of A Securities</td>
<td>Announces</td>
<td>Buy</td>
<td>$85.00</td>
<td>-</td>
</tr>
<tr>
<td>Chris Snyder</td>
<td>Morgan Stanley</td>
<td>Announces</td>
<td>Equal-Weight</td>
<td>$72.00</td>
<td>-</td>
</tr>
<tr>
<td>Brian Butler</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Buy</td>
<td>$80.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Tommy Moll</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$56.00</td>
<td>$56.00</td>
</tr>
<tr>
<td>Stephen Volkmann</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Hold</td>
<td>$65.00</td>
<td>$74.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Fastenal. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Fastenal compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Fastenal's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Fastenal's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/FAST/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Fastenal analyst ratings.</a>
<h2>Discovering Fastenal: A Closer Look</h2>
Fastenal opened its first fastener store in 1967 in Winona, Minnesota. Since then, it has greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 1,600 branches, over 1,800 on-site locations, and 15 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 30%-35% of sales. Fastenal also offers customers supply chain solutions, such as vending and vendor-managed inventory.
<h3>Fastenal's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Positive Revenue Trend: Examining Fastenal's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 1.76% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Fastenal's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 15.28%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Fastenal's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 8.45% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Fastenal's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 6.41% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Fastenal's debt-to-equity ratio is below the industry average. With a ratio of 0.15, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Analyst Ratings: What Are They?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Navigating 5 Analyst Ratings For Fastenal

B of A Securities analyst Sabrina Abrams initiates coverage on Fastenal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) with a Buy rating and announces Price Target of $85.

B of A Securities Initiates Coverage On Fastenal with Buy Rating, Announces Price Target of $85

DANIEL FLORNESS, CEO at Fastenal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>), reported a large exercise of company stock options on September 16, according to a new SEC filing.
What Happened: FLORNESS, CEO at Fastenal, exercised stock options for 50,000 shares of FAST stock. This information was disclosed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000815556/000141588924023415//Archives/edgar/data/815556/000141588924023415/0001415889-24-023415-index.htm">U.S. Securities and Exchange Commission</a> on Monday. The exercise price of the options was $23.5 per share.
Fastenal shares are currently trading up by 0.78%, with a current price of $70.64 as of Tuesday morning. This brings the total value of FLORNESS's 50,000 shares to $2,357,000.
<h3>Delving into Fastenal's Background</h3>
Fastenal opened its first fastener store in 1967 in Winona, Minnesota. Since then, it has greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 1,600 branches, over 1,800 on-site locations, and 15 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 30%-35% of sales. Fastenal also offers customers supply chain solutions, such as vending and vendor-managed inventory.
<h3>A Deep Dive into Fastenal's Financials</h3>
Revenue Growth: Fastenal's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 1.76%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Insights into Profitability:
<ul>
<li>
Gross Margin: The company maintains a high gross margin of 45.06%, indicating strong cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Fastenal's EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of 0.51.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.15, Fastenal adopts a prudent financial strategy, indicating a balanced approach to debt management.
Exploring Valuation Metrics Landscape:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a higher-than-average P/E ratio of 34.87, Fastenal's stock is perceived as being overvalued in the market.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 5.42, Fastenal's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): A high EV/EBITDA ratio of 23.79 positions the company as being more valued compared to industry benchmarks.
</li>
</ul>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
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<h3>Navigating the Impact of Insider Transactions on Investments</h3>
Insider transactions should be considered alongside other factors when making investment decisions, as they can offer important insights.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Transaction Codes To Focus On</h3>
Taking a closer look at transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000815556">Check Out The Full List Of Fastenal's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Options Movement At Fastenal: DANIEL FLORNESS Exercises Worth $2.36M

In the latest quarter, 4 analysts provided ratings for Fastenal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>), showcasing a mix of bullish and bearish perspectives.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $68.25, a high estimate of $80.00, and a low estimate of $56.00. This current average has decreased by 4.77% from the previous average price target of $71.67. 
<img src="https://www.benzinga.com/files/images/story/2024/1725645672_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Fastenal. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Chris Snyder</td>
<td>Morgan Stanley</td>
<td>Announces</td>
<td>Equal-Weight</td>
<td>$72.00</td>
<td>-</td>
</tr>
<tr>
<td>Brian Butler</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Buy</td>
<td>$80.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Tommy Moll</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$56.00</td>
<td>$56.00</td>
</tr>
<tr>
<td>Stephen Volkmann</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Hold</td>
<td>$65.00</td>
<td>$74.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Fastenal. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Fastenal compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Fastenal's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Fastenal's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/FAST/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Fastenal analyst ratings.</a>
<h2>Get to Know Fastenal Better</h2>
Fastenal opened its first fastener store in 1967 in Winona, Minnesota. Since then, it has greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 1,600 branches, over 1,800 on-site locations, and 15 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 30%-35% of sales. Fastenal also offers customers supply chain solutions, such as vending and vendor-managed inventory.
<h3>A Deep Dive into Fastenal's Financials</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: Fastenal's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 1.76%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Fastenal's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 15.28%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 8.45%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Fastenal's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 6.41%, the company showcases efficient use of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.15, Fastenal adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Peeling Back The Layers: Exploring Fastenal Through Analyst Insights

Morgan Stanley analyst Chris Snyder initiates coverage on Fastenal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) with a Equal-Weight rating and announces Price Target of $72.

Morgan Stanley Initiates Coverage On Fastenal with Equal-Weight Rating, Announces Price Target of $72

Fastenal Reports August Sales Of $652.65M Down 2.3% YoY, Daily Sales Soared 2.1% YoY

A substantial insider activity was disclosed on August 22, as FLORNESS, CEO at Fastenal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>), reported the exercise of a large sell of company stock options.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000815556/000141588924022060//Archives/edgar/data/815556/000141588924022060/0001415889-24-022060-index.htm">U.S. Securities and Exchange Commission</a> on Thursday showed that FLORNESS, CEO at Fastenal, a company in the Industrials sector, just exercised stock options worth 45,744 shares of FAST stock with an exercise price of $23.5.
During Friday's morning session, Fastenal shares up by 0.34%, currently priced at $67.74. Considering the current price, FLORNESS's 45,744 shares have a total value of $2,023,714.
<h3>Unveiling the Story Behind Fastenal</h3>
Fastenal opened its first fastener store in 1967 in Winona, Minnesota. Since then, it has greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 1,600 branches, over 1,800 on-site locations, and 15 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 30%-35% of sales. Fastenal also offers customers supply chain solutions, such as vending and vendor-managed inventory.
<h3>Fastenal: Financial Performance Dissected</h3>
Revenue Growth: Over the 3 months period, Fastenal showcased positive performance, achieving a revenue growth rate of 1.76% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Insights into Profitability:
<ul>
<li>
Gross Margin: With a high gross margin of 45.06%, the company demonstrates effective cost control and strong profitability relative to its peers.
</li>
<li>
Earnings per Share (EPS): Fastenal's EPS reflects a decline, falling below the industry average with a current EPS of 0.51.
</li>
</ul>
Debt Management: Fastenal's debt-to-equity ratio is below the industry average at 0.15, reflecting a lower dependency on debt financing and a more conservative financial approach.
Valuation Analysis:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current Price to Earnings ratio of 33.59 is higher than the industry average, indicating the stock is priced at a premium level according to the market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 5.22 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): A high EV/EBITDA ratio of 22.92 reflects market recognition of Fastenal's value, positioning it as more highly valued compared to industry peers.
</li>
</ul>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
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<h3>Why Pay Attention to Insider Transactions</h3>
While insider transactions provide valuable information, they should be part of a broader analysis in making investment decisions.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Exploring Key Transaction Codes</h3>
When dissecting transactions, the focal point for <a href="https://www.benzinga.com/money/investing-tools">investors</a> is often those occurring in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000815556">Check Out The Full List Of Fastenal's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Activity Update: DANIEL FLORNESS Executes Options Exercise, Resulting In $2.02M At Fastenal

In the latest quarter, 4 analysts provided ratings for Fastenal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>), showcasing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $67.5, with a high estimate of $80.00 and a low estimate of $56.00. A 5.59% drop is evident in the current average compared to the previous average price target of $71.50. 
<img src="https://www.benzinga.com/files/images/story/2024/1721055647_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
A clear picture of Fastenal's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brian Butler</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Buy</td>
<td>$80.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Tommy Moll</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$56.00</td>
<td>$56.00</td>
</tr>
<tr>
<td>Stephen Volkmann</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Hold</td>
<td>$65.00</td>
<td>$74.00</td>
</tr>
<tr>
<td>David Manthey</td>
<td>Baird</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$69.00</td>
<td>$71.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Fastenal. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Fastenal compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Fastenal's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
For valuable insights into Fastenal's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/FAST/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Fastenal analyst ratings.</a>
<h2>All You Need to Know About Fastenal</h2>
Fastenal opened its first fastener store in 1967 in Winona, Minnesota. Since then, Fastenal has greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 1,600 branches, over 1,800 on-site locations, and 15 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 30%-35% of sales. Fastenal also offers customers supply-chain solutions, such as vending and vendor-managed inventory.
<h3>Unraveling the Financial Story of Fastenal</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: Fastenal displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 1.94%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 15.71%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Fastenal's ROE excels beyond industry benchmarks, reaching 8.78%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 6.62%, the company showcases effective utilization of assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.14.
<h2>The Basics of Analyst Ratings</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Fastenal Stock: A Deep Dive Into Analyst Perspectives (4 Ratings)

Stifel analyst Brian Butler reiterates Fastenal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) with a Buy and lowers the price target from $85 to $80.

Reiteration

Stifel Reiterates Buy on Fastenal, Lowers Price Target to $80

Stephens &amp; Co. analyst Tommy Moll reiterates Fastenal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) with a Equal-Weight and maintains $56 price target.

Stephens & Co. Reiterates Equal-Weight on Fastenal, Maintains $56 Price Target

To gain an edge, this is what you need to know today.
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<h3>AI Super Bulls Pay Attention</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-inflation-producer-price-index-major-movers-spy-mc-07122024">click here</a> for an enlarged&nbsp;chart of SPDR S&amp;P 500 ETF Trust (ARCA:SPY) which represents the benchmark stock market index S&amp;P 500 (SPX) compared to&nbsp;Invesco QQQ Trust Series 1 (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>), iShares Russell 2000 ETF (ARCA: IWM), VanEck Semiconductor ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smh#NASDAQ">SMH</a>), NVIDIA Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>), Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>), and KB Home (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kbh#NYSE">KBH</a>).
Note the following:
<ul>
<li>AI super bulls pay attention to the chart as it shows major divergences occurring yesterday.</li>
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<li>Semiconductors have been driven higher and higher by the AI frenzy.&nbsp;The chart shows that small cap ETF IWM outperformed semiconductor ETF SMH by 7.77%.</li>
<li>The chart shows home builder KBH outperformed AI king NVDA by 17.49%.</li>
<li>Most strikingly, the chart shows that home builder KBH outperformed TSLA by 20.38%.</li>
<li>Home builder KBH, NVDA, and semiconductor ETF SMH are positions in The Arora Report Model Portfolios with very large unrealized gains.&nbsp;Small cap ETF IWM is in The Arora Report&#39;s ZYX Allocation Model Portfolio.</li>
<li>The trigger for these moves was lower than expected CPI as we shared with you in <a href="https://blog.thearorareport.com/china-071124/">yesterday&rsquo;s Morning Capsule</a>. Smart money responded to lower than expected CPI by rotating out of AI stocks and into beneficiaries of a lower interest rate environment. It is important to remember that smart money holds very large positions. Smart money is not wholesale selling AI stocks.&nbsp;Smart money is just taking partial profits.&nbsp;&nbsp;</li>
<li>As we previously said, a fortune is to be made in AI over the next six years, but it is not going to be a straight line. At times, it will be treacherous. Yesterday was an indication of what can happen.&nbsp;In the future, yesterday&rsquo;s type of activity can be on steroids.&nbsp;&nbsp;</li>
<li>The momo crowd had become extremely aggressive in buying TSLA calls.&nbsp;Yesterday, TSLA call buyers were crushed.&nbsp;It is important to not become extremely aggressive when there are sharp moves up.</li>
<li>After yesterday&rsquo;s weak Consumer Price Index (CPI), Producer Price Index is higher than expected (PPI). Here are the details:
<ul>
<li>Headline PPI came at 0.2% vs. 0.1% consensus.</li>
<li>Core PPI came at 0.4% vs. 0.1% consensus.</li>
</ul>
</li>
<li>University of Michigan Consumer Sentiment will be released at 10am ET and may be market moving.</li>
<li>Yesterday, we shared with you that earnings from Fastenal Co (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fast#NASDAQ">FAST</a>) would give a good picture of infrastructure and construction activity. FAST reported earnings and revenues inline.</li>
<li>Among important bank earnings, JPMorgan Chase &amp; Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jpm#NYSE">JPM</a>), Citigroup Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/c#NYSE">C</a>), and Wells Fargo &amp; Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wfc#NYSE">WFC</a>) reported earnings and projections better than the consensus.</li>
</ul>
<h4>Magnificent Seven Money Flows</h4>
In the early trade, money flows are positive in Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>).
In the early trade, money flows are neutral in Alphabet Inc Class C (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>) and Microsoft Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>).
In the early trade, money flows are negative in TSLA, NVDA, Amazon.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>), and Meta Platforms Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>).
In the early trade, money flows are mixed in SPDR S&amp;P 500 ETF Trust (ARCA:SPY) and Invesco QQQ Trust Series 1 (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>).
<h3>Momo Crowd And Smart Money In Stocks</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ. &nbsp;Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil. &nbsp;The most popular ETF for gold is SPDR Gold Trust (ARCA:GLD).&nbsp;The most popular ETF for silver is iShares Silver Trust (ARCA:SLV). &nbsp;The most popular ETF for oil is United States Oil ETF (ARCA:USO).
<h3>Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is range bound.
<h3>Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h3>Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of seven year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

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TSLA

AI Super Bulls Pay Attention To The Biggest Divergence Since 2001, TSLA Call Buyers Crushed

Fastenal Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) (the 'Company' or 'Fastenal') has appointed Jeff Watts, a 28-year Company veteran with deep global sales experience, to the position of President and Chief Sales Officer, effective August 1, 2024. Mr. Watts will assume the President role from Dan Florness, who will be voluntarily vacating the President position on the effective date. Mr. Florness will continue to serve as Fastenal's CEO and as a member of its Board of Directors.
In addition to serving as President, Mr. Watts will continue in his role as the Company's Chief Sales Officer (CSO), a position he has held since May 2023. As CSO, his responsibilities include establishing priorities, setting goals, and providing guidance and oversight for the Company's global sales activities, which today span 25 countries.

Management

Fastenal Promotes Jeff Watts To President And Chief Sales Officer, Effective August 1, 2024; Dan Florness Will Continue As CEO

Fastenal Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) shares are trading higher after the company reported second-quarter fiscal 2024 sales growth of 1.8% year-over-year to $1.916 billion, <a target="_blank" href="https://www.benzinga.com//node/39746239" rel="noreferrer noopener">matching the consensus of $1.915 billion.</a>
The growth was driven by higher unit sales from larger customers and new Onsite locations despite negative impacts from foreign exchange rates and a decline in product pricing.
Weighted FASTBin/FASTVend signings (MEUs) rose 5.8% Y/Y to 7,188; Weighted FASTBin/FASTVend installations rose 11.4% Y/Y.
FAST&#8217;s Digital Footprint represented 59.4% of sales in the quarter, an increase from 55.3% in the second quarter of 2023.
The gross margin contracted to 45.1% from 45.5%, due to an unfavorable customer and product mix, plus short-term supply chain inefficiencies supporting warehousing customers, expected to benefit future growth.
Operating income was $386.9 million (-2.0% Y/Y), and the margin was 20.2%, a decline from 21.0% in the same quarter of 2023. The company&#8217;s second-quarter EPS was <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">$0.51, in line with the consensus.</a>
Fastenal&#8217;s operating cash flow for the quarter was $258 million, a decrease of 14.6% year over year. This represented 88.1% of the period&#8217;s net income versus 101.4% a year ago.
The company held cash and equivalents of $255.5 million as of June-end.
FAST returned $223.3 to shareholders in the form of dividends. The company did not repurchase any common stock in the first half of 2024 or 2023.
Total debt decreased to $235.0 million (6.3% of total capital) at the end of the quarter from $350 million a year ago.
In the second-quarter, the company signed 107 new Onsite locations, resulting in 209 year-to-date signings. Active Onsite locations rose 11.9% to 1,934.
Outlook: For 2024, Fastenal continues to expect Onsite signings of 375 to 400 and weighted FASTBin and FASTVend device signings to be 26,000 to 28,000 MEUs.
Price Action: FAST shares are trading higher by 5.30% at $67.57 premarket at the last check Friday.
Photo via Wikimedia Commons

Equities

Guidance

Fastenal Defies Odds with Q2 Sales Growth Amid Supply Chain Challenges and Margin Squeeze: Details

ZAPP: 40% &#x7C; <a href="https://www.benzinga.com//node/39747124">Zapp Electric Vehicles shares are trading higher after the company announced that it entered into a new standby equity purchase agreement with an affiliate of Yorkville Advisors Global to start production and the commercial rollout of the i300 electric urban motorcycle in India.</a>
&nbsp;
IMMP: 68% &#x7C; <a href="https://www.benzinga.com//node/39747170">Immutep shares are trading higher after the company announced results from Cohort B of the TACTI-003 Phase IIb trial evaluating eftilagimod alfa in combination with MSD's anti-PD-1 therapy KEYTRUDA as first-line treatment of recurrent or metastatic head and neck squamous cell carcinoma patients with negative PD-L1 expression.</a>
&nbsp;
FAST: 6% &#x7C; <a href="https://www.benzinga.com//node/39747850">Fastenal shares are trading higher following better-than-expected Q2 earnings.</a>

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ZAPP

Market-Moving News for July 12th

WIIM

Fastenal shares are trading higher following better-than-expected Q2 earnings.

Earnings week ahead: JPMorgan, Wells Fargo, PepsiCo, Delta Air Lines, and more

Fastenal: Resilience Is Overshadowed By Steep Valuation

This week, several major companies will be reporting earnings. Among them are JPMorgan Chase & Co. (JPM), Delta Air Lines (DAL), PepsiCo (PEP), Wel...

Options Volatility and Implied Earnings Moves This Week, October 07 – October 11, 2024

Fastenal rated Buy in new coverage at Bank of America

Buy 4 October Dividend Aristocrats & Watch 10

Wells Fargo's preferred Industrial stocks: ADP, CAT, DE, etc.

In a report released today, Christopher Snyder from Morgan Stanley maintained a Hold rating on Fastenal Company (FAST – Research Report), with a pr...

Fastenal Company (FAST) Receives a Hold from Morgan Stanley

Fastenal Q3 2024 Earnings Preview

Fastenal declares $0.39 dividend

Here's the major earnings before the open tomorrow

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Screenshot 2024-07-10 at 2.19.41 PM

LASE

Laser Photonics (NASDAQ: LASE) H1 Milestones Update: Expanded And Upgraded Product Offering, Deepened Partnerships, Successful Anti-Drone Laser Tech Testing And More

Screenshot 2024-06-20 at 4.49.50 PM

Emerging Markets

Movers & Shakers

Laser Photonics Inks Deals With Brokk, Fastenal And ISL To Bring Its Laser Technology To More Markets

Press Releases

Fastenal Company Announces Cash Dividend

Fastenal Company Reports 2024 First Quarter Earnings

Fastenal Company Announces Conference Call to Review 2024 Second Quarter Earnings

Fastenal Company Reports 2024 Second Quarter Earnings

Jeff Watts Promoted to President and Chief Sales Officer of Fastenal, Dan Florness to Continue as CEO

Fastenal Company Announces Conference Call to Review 2024 Third Quarter Earnings

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