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.
  
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.
In addition, we conduct extensive research on individual companies such as Fastenal and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Fastenal Company. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

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

Execute Advice
Sell FastenalBuy Fastenal
Strong Buy

Market Performance

GoodDetails

Volatility

Very steadyDetails

Hype Condition

Under hypedDetails

Current Valuation

Fairly ValuedDetails

Odds Of Distress

LowDetails

Economic Sensitivity

Follows the market closelyDetails

Investor Sentiment

AlarmedDetails

Analyst Consensus

HoldDetails

Financial Strenth (F Score)

HealthyDetails

Financial Leverage

InapplicableDetails

Reporting Quality (M-Score)

Possible ManipulatorDetails
For the selected time horizon Fastenal Company has a Risk Adjusted Performance of 0.137, Jensen Alpha of 0.1512, Total Risk Alpha of (0.01), Sortino Ratio of 0.1404 and Treynor Ratio of 0.3093
Macroaxis provides unbiased investment recommendation on Fastenal that should be used to complement current analysts and expert consensus on Fastenal Company. Our trade advice engine determines the company's potential to grow exclusively from the perspective of an investors' current risk tolerance and investing horizon. To make sure Fastenal is not overpriced, please confirm all Fastenal fundamentals, including its cash flow from operations, working capital, and the relationship between the cash per share and number of employees . Given that Fastenal has a price to book of 12.83 X, we urge you to verify Fastenal Company market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your prevailing risk tolerance and investing horizon.

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 Corp2023-12-31
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Royal Bank Of Canada2023-12-31
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Amvescap Plc.2023-12-31
6.9 M
Norges Bank2023-12-31
6.3 M
Cantillon Capital Management Llc2023-12-31
5.4 M
Legal & General Group Plc2023-12-31
5.3 M
Envestnet Asset Management Inc2023-12-31
4.8 M
Franklin Resources Inc2023-12-31
4.6 M
Ubs Asset Mgmt Americas Inc2023-12-31
4.5 M
Vanguard Group Inc2023-12-31
70.3 M
Blackrock Inc2023-12-31
46.1 M
Note, although Fastenal's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Fastenal Cash Flow Accounts

201920202021202220232024 (projected)
Change To Inventory(84.4M)36M(189.5M)(198M)189.1M198.6M
Change In Cash7.7M70.8M(9.5M)(6.1M)(8.8M)(8.4M)
Free Cash Flow596.3M933.7M613.5M767.2M1.3B1.3B
Depreciation148.7M162.4M170.7M176.6M177.3M186.2M
Capital Expenditures246.4M168.1M156.6M173.8M172.8M95.4M
Net Income790.9M859.1M925M1.1B1.2B1.2B
End Period Cash Flow174.9M245.7M236.2M230.1M221.3M232.4M
Dividends Paid498.6M803.4M643.7M711.3M1.0B1.1B
Other Non Cash Items4.3M6.1M1.4M(700K)(2.1M)(2.0M)
Change To Netincome25M14.7M(6.7M)1.6M1.8M1.7M
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)165M148.5M155.9M

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 Composite0.85
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
FundamentalsFastenalPeer Average
Return On Equity0.35-0.31
Return On Asset0.21-0.14
Profit Margin0.16 %(1.27) %
Operating Margin0.20 %(5.51) %
Current Valuation43.26 B16.62 B
Shares Outstanding572.43 M571.82 M
Shares Owned By Insiders0.18 %10.09 %
Shares Owned By Institutions85.17 %39.21 %
Number Of Shares Shorted18.64 M4.71 M
Price To Earning28.13 X28.72 X
Price To Book12.83 X9.51 X
Price To Sales5.85 X11.42 X
Revenue7.35 B9.43 B
Gross Profit3.22 B27.38 B
EBITDA1.71 B3.9 B
Net Income1.16 B570.98 M
Cash And Equivalents231.5 M2.7 B
Cash Per Share0.40 X5.01 X
Total Debt535 M5.32 B
Debt To Equity0.26 %48.70 %
Current Ratio3.98 X2.16 X
Book Value Per Share5.86 X1.93 K
Cash Flow From Operations1.43 B971.22 M
Short Ratio4.92 X4.00 X
Earnings Per Share2.02 X3.12 X
Price To Earnings To Growth3.87 X4.89 X
Target Price66.3
Number Of Employees20.72 K18.84 K
Beta1.04-0.15
Market Capitalization42.95 B19.03 B
Total Asset4.46 B29.47 B
Retained Earnings3.36 B9.33 B
Working Capital2.36 B1.48 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.

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 Total636.8M802.1M535M324.0M
Total Assets4.3B4.5B4.5B4.7B

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.

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Copper
Copper Theme
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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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When determining whether Fastenal is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Fastenal Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Fastenal Company Stock. Highlighted below are key reports to facilitate an investment decision about Fastenal Company Stock:
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.

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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.