Fastenal Company Stock Buy Hold or Sell Recommendation
FAST Stock | USD 75.70 0.67 0.89% |
Given the investment horizon of 90 days and your highly speculative risk level, our recommendation regarding Fastenal Company is 'Strong Buy'. Macroaxis provides Fastenal buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding Fastenal positions. The advice algorithm takes into account all of Fastenal's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Osisko Gold Ro's buy or sell advice are summarized below:
Real Value 72.13 | Target Price 59.33 | Hype Value 75.32 | Market Value 75.7 | Naive Value 74.65 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Fastenal Company given historical horizon and risk tolerance towards Fastenal. When Macroaxis issues a 'buy' or 'sell' recommendation for Fastenal Company, the advice is generated through an automated system that utilizes algorithms and statistical models.
Fastenal |
Execute Fastenal Buy or Sell Advice
The Fastenal recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Fastenal Company. Macroaxis does not own or have any residual interests in Fastenal Company or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Fastenal's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
Strong Buy
Market Performance | Good | Details | |
Volatility | Very steady | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Hold | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Fastenal Trading Alerts and Improvement Suggestions
Over 85.0% of the company shares are owned by institutional investors | |
On 29th of February 2024 Fastenal paid $ 0.39 per share dividend to its current shareholders | |
Latest headline from finance.yahoo.com: Is Now The Time To Look At Buying Fastenal Company |
Fastenal Returns Distribution Density
The distribution of Fastenal's historical returns is an attempt to chart the uncertainty of Fastenal's future price movements. The chart of the probability distribution of Fastenal stock daily returns describes the distribution of returns around its average expected value. We use Fastenal Company price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Fastenal returns is essential to provide solid investment advice for Fastenal.
Mean Return | 0.27 | Value At Risk | -1.68 | Potential Upside | 2.36 | Standard Deviation | 1.31 |
Return Density |
Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Fastenal historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Fastenal Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Fastenal is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Fastenal Company backward and forwards among themselves. Fastenal's institutional investor refers to the entity that pools money to purchase Fastenal's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares | Northern Trust Corp | 2023-12-31 | 7 M | Royal Bank Of Canada | 2023-12-31 | 7 M | Amvescap Plc. | 2023-12-31 | 6.9 M | Norges Bank | 2023-12-31 | 6.3 M | Cantillon Capital Management Llc | 2023-12-31 | 5.4 M | Legal & General Group Plc | 2023-12-31 | 5.3 M | Envestnet Asset Management Inc | 2023-12-31 | 4.8 M | Franklin Resources Inc | 2023-12-31 | 4.6 M | Ubs Asset Mgmt Americas Inc | 2023-12-31 | 4.5 M | Vanguard Group Inc | 2023-12-31 | 70.3 M | Blackrock Inc | 2023-12-31 | 46.1 M |
Fastenal Cash Flow Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Change To Inventory | (84.4M) | 36M | (189.5M) | (198M) | 189.1M | 198.6M | |
Change In Cash | 7.7M | 70.8M | (9.5M) | (6.1M) | (8.8M) | (8.4M) | |
Free Cash Flow | 596.3M | 933.7M | 613.5M | 767.2M | 1.3B | 1.3B | |
Depreciation | 148.7M | 162.4M | 170.7M | 176.6M | 177.3M | 186.2M | |
Capital Expenditures | 246.4M | 168.1M | 156.6M | 173.8M | 172.8M | 95.4M | |
Net Income | 790.9M | 859.1M | 925M | 1.1B | 1.2B | 1.2B | |
End Period Cash Flow | 174.9M | 245.7M | 236.2M | 230.1M | 221.3M | 232.4M | |
Dividends Paid | 498.6M | 803.4M | 643.7M | 711.3M | 1.0B | 1.1B | |
Other Non Cash Items | 4.3M | 6.1M | 1.4M | (700K) | (2.1M) | (2.0M) | |
Change To Netincome | 25M | 14.7M | (6.7M) | 1.6M | 1.8M | 1.7M | |
Investments | (239.7M) | (281.7M) | (148.5M) | (163M) | (169.6M) | (178.1M) | |
Change Receivables | (30.4M) | (29.7M) | (135.2M) | (119.8M) | (107.8M) | (102.4M) | |
Net Borrowings | (155M) | 60M | (15M) | 165M | 148.5M | 155.9M |
Fastenal Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Fastenal or Trading Companies & Distributors sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Fastenal's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Fastenal stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.15 | |
β | Beta against NYSE Composite | 0.85 | |
σ | Overall volatility | 1.36 | |
Ir | Information ratio | 0.10 |
Fastenal Volatility Alert
Fastenal Company has low volatility with Treynor Ratio of 0.31, Maximum Drawdown of 8.92 and kurtosis of 11.11. However, we advice all investors to further analyze Fastenal Company to make certain all market information is desiminated and is consistent with the current expectations about Fastenal upside potential. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Fastenal's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Fastenal's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.Fastenal Implied Volatility
Fastenal's implied volatility exposes the market's sentiment of Fastenal Company stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Fastenal's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Fastenal stock will not fluctuate a lot when Fastenal's options are near their expiration.
Fastenal Fundamentals Vs Peers
Comparing Fastenal's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Fastenal's direct or indirect competition across all of the common fundamentals between Fastenal and the related equities. This way, we can detect undervalued stocks with similar characteristics as Fastenal or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Fastenal's fundamental indicators could also be used in its relative valuation, which is a method of valuing Fastenal by comparing valuation metrics with those of similar companies.
Better Than Average | Worse Than Average | Compare Fastenal to competition |
Fundamentals | Fastenal | Peer Average |
Return On Equity | 0.35 | -0.31 |
Return On Asset | 0.21 | -0.14 |
Profit Margin | 0.16 % | (1.27) % |
Operating Margin | 0.20 % | (5.51) % |
Current Valuation | 43.26 B | 16.62 B |
Shares Outstanding | 572.43 M | 571.82 M |
Shares Owned By Insiders | 0.18 % | 10.09 % |
Shares Owned By Institutions | 85.17 % | 39.21 % |
Number Of Shares Shorted | 18.64 M | 4.71 M |
Price To Earning | 28.13 X | 28.72 X |
Price To Book | 12.83 X | 9.51 X |
Price To Sales | 5.85 X | 11.42 X |
Revenue | 7.35 B | 9.43 B |
Gross Profit | 3.22 B | 27.38 B |
EBITDA | 1.71 B | 3.9 B |
Net Income | 1.16 B | 570.98 M |
Cash And Equivalents | 231.5 M | 2.7 B |
Cash Per Share | 0.40 X | 5.01 X |
Total Debt | 535 M | 5.32 B |
Debt To Equity | 0.26 % | 48.70 % |
Current Ratio | 3.98 X | 2.16 X |
Book Value Per Share | 5.86 X | 1.93 K |
Cash Flow From Operations | 1.43 B | 971.22 M |
Short Ratio | 4.92 X | 4.00 X |
Earnings Per Share | 2.02 X | 3.12 X |
Price To Earnings To Growth | 3.87 X | 4.89 X |
Target Price | 66.3 | |
Number Of Employees | 20.72 K | 18.84 K |
Beta | 1.04 | -0.15 |
Market Capitalization | 42.95 B | 19.03 B |
Total Asset | 4.46 B | 29.47 B |
Retained Earnings | 3.36 B | 9.33 B |
Working Capital | 2.36 B | 1.48 B |
Note: Disposition of 11076 shares by Charles Miller of Fastenal at 75.1583 subject to Rule 16b-3 [view details]
Fastenal Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Fastenal . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution | 50090.47 | |||
Daily Balance Of Power | 0.5826 | |||
Rate Of Daily Change | 1.01 | |||
Day Median Price | 76.16 | |||
Day Typical Price | 76.01 | |||
Price Action Indicator | (0.13) | |||
Period Momentum Indicator | 0.67 |
About Fastenal Buy or Sell Advice
When is the right time to buy or sell Fastenal Company? Buying financial instruments such as Fastenal Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 636.8M | 802.1M | 535M | 324.0M | Total Assets | 4.3B | 4.5B | 4.5B | 4.7B |
Use Investing Ideas to Build Portfolios
In addition to having Fastenal in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Companies involved in production of copper. The Copper theme has 38 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Copper Theme or any other thematic opportunities.
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Check out Fastenal Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for Fastenal Stock analysis
When running Fastenal's price analysis, check to measure Fastenal's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fastenal is operating at the current time. Most of Fastenal's value examination focuses on studying past and present price action to predict the probability of Fastenal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fastenal's price. Additionally, you may evaluate how the addition of Fastenal to your portfolios can decrease your overall portfolio volatility.
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Is Fastenal's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fastenal. If investors know Fastenal will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fastenal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.084 | Dividend Share 1.4 | Earnings Share 2.02 | Revenue Per Share 12.86 | Quarterly Revenue Growth 0.037 |
The market value of Fastenal is measured differently than its book value, which is the value of Fastenal that is recorded on the company's balance sheet. Investors also form their own opinion of Fastenal's value that differs from its market value or its book value, called intrinsic value, which is Fastenal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fastenal's market value can be influenced by many factors that don't directly affect Fastenal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fastenal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fastenal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fastenal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.