| 2024-04-24 | +0.34 % |
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| 2024-04-23 | +0.09 % |
- The article discusses Fastenal (FAST) stock, which was up by 0.09%, and analysts at Zacks Research have lowered their earnings estimates for Q2 2024, attributing the stock's rise to factors such as analyst reports on the company, its financial performance, and changes in price targets.
- The article discusses Fastenal (FAST) stock, which saw a slight increase of 0.09% last night, with recent activity showing various institutional investors and hedge funds altering their holdings in the company, resulting in positive sentiment toward the stock as shown by upgrading price objectives and ratings from several equities research analysts, leading to a rise in the stock price; furthermore, Fastenal recently reported earnings results slightly below analyst estimates, announced a quarterly dividend, and saw insider trading activity, including a director acquiring shares and a vice president selling shares.
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| 2024-04-22 | -0.18 % |
- The article discusses Fastenal's financial performance and recent events, reporting a quarterly dividend declaration and stock movement. Fastenal's stock went down possibly due to missing earnings estimates, with analysts expecting the company to post lower EPS for the current year, influencing equities analysts to lower their price targets and ratings for the stock.
- The article discusses Verdence Capital Advisors LLC lowering its stake in Fastenal (NASDAQ:FAST) by 5.9%, with other large investors also adjusting their holdings, including insider selling of company stock. Fastenal stock likely went down due to these selling activities and potentially due to the company missing the consensus earnings estimate for the last quarter, where they reported an EPS of $0.52 instead of the expected $0.53.
- The article provides insights into Fastenal (FAST) stock, with J.W. Cole Advisors Inc. increasing its holdings, other large investors adding or reducing their stakes, and recent insider trading activities, along with a mix of analysts' ratings. The stock experienced a -0.18% decrease in value, and potential reasons for the decline could include the company's recent earnings report that slightly missed expectations, coupled with a lower revenue outlook, impacting investor sentiment.
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| 2024-04-19 | +0.1 % |
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| 2024-04-18 | -1.43 % |
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| 2024-04-17 | -0.45 % |
- Fastenal (FAST) stock went down by -0.45% last night; the article discusses Sumitomo Mitsui Trust Holdings Inc. increasing its position in Fastenal shares and various other hedge funds and institutional investors buying and selling FAST stock, along with insider stock sales, analyst ratings, and the company's financial performance, like revenue, earnings, and dividends, attributing the stock's decline to various factors such as analyst ratings, company earnings missing estimates, and insider selling.
- Fastenal (FAST) stock was down by -0.45% last night following a report by Loop Capital reducing the price objective for the stock to $66.00, which indicates a potential downside of 4.06% from the stock's current price; the stock may have dropped due to this reduction in price target.
- Fastenal (FAST) stock went down by -0.45% last night, with recent news indicating new acquisitions and modifications in holdings by institutional investors, while the stock was negatively impacted despite recent sale activities and earnings results, missing analyst estimates, which led to insider selling and a decrease in share value.
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| 2024-04-15 | -1.5 % |
- The article discusses Fastenal (NASDAQ: FAST) stock and its recent activity, including a 1.5% decline. The stock had its price target raised by HSBC analysts but still faces a potential downside. The company reported quarterly earnings slightly below estimates, contributing to the stock's decline, while insider selling has been notable, and various hedge funds have been buying and selling shares.
- The article states that Fastenal (FAST) stock had a -1.5% decrease after its price target was reduced by an analyst, and although another analyst gave the stock a buy rating, the overall consensus remains neutral, with an average price target of $67.00; this decline might be attributed to the company's recent earnings report missing expectations, where it reported $0.52 EPS instead of the expected $0.53 EPS, impacting its return on equity and net margin, but analysts still anticipate an EPS of 2.15 for the current year. Additionally, insider transactions, such as shares sold by the company's vice president and director, and adjustments in the holdings of hedge funds and institutional investors could also be impacting the stock performance.
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| 2024-04-11 | -6.5 % |
- The stock of Fastenal Company (NASDAQ:FAST) experienced a 6.5% decline last night, presumably due to general sector losses in the market in areas such as Telecoms, Healthcare, and Financials, even as other stocks in Technology, Consumer Services, and Industrials sectors saw gains.
- The article mentions various companies declaring dividends, including Fastenal (FAST) announcing a dividend of $0.39 per share, but the Fastenal stock fell by 6.5% last night, possibly due to overall market conditions, company-specific news, or investor sentiment impacting its stock price.
- Fastenal (FAST) stock plummeted by 6.5% due to weaker-than-expected results resulting from poor demand in the market.
- The article discusses the performance of various stocks in the US market, highlighting that Big Tech stocks like Apple, Nvidia, and Amazon led the market upward, but Fastenal (FAST) stock fell by 6.6% after reporting profit and revenue for the first quarter that were slightly below analysts' expectations.
- The article summarizes the recent -6.5% drop in Fastenal (FAST) stock after the company reported its first-quarter 2024 results, but does not specify the exact reason for the decline.
- The Fastenal (FAST) stock was down by -6.5% last night, with the article summarizing the company's financial results for the first quarter of 2024 showing a slight increase in net sales. The stock decrease may be attributed to various factors such as adverse weather impacting sales, fluctuations in product pricing, and a divergence in performance between fastener and non-fastener product lines and manufacturing and non-manufacturing end markets. Additionally, an analysis of growth drivers, including the signing of new Onsite locations and sales through FMI Technology, and the company's eCommerce business contributing to digital sales growth, were highlighted in the article.
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| 2024-04-10 | -1.53 % |
- The article discusses how Argus Investors Counsel Inc. reduced its stake in Fastenal (NASDAQ: FAST) by 2.6% during the fourth quarter, which may have contributed to the stock declining by 1.53%. The decrease in institutional ownership, along with insider selling, could be reasons behind the downward movement of Fastenal's stock.
- The article discusses how Fastenal (FAST) stock decreased by -1.53% and the broader market trend due to concerns over inflation. Fastenal (FAST) stock might have gone down as part of a broader market trend seen after a hot March inflation reading, leading to worries about potential Federal Reserve actions related to interest rate cuts.
- Summary: Fastenal Company (Nasdaq:FAST) declared a dividend of $0.39 per share but reported a -1.53% decrease in its stock value, with the stock going down due to various factors including financial condition and results of operations affecting dividend payments.
Reason for Fastenal (FAST) stock going down: The decrease in Fastenal's stock value can be attributed to factors such as changes in business needs, working capital, funding for acquisitions, and potential alterations in income tax laws related to dividends or stock repurchases, which may have influenced the company's decision-making on dividends and stock repurchases, impacting investor sentiment and stock performance.
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| 2024-04-09 | +0.01 % |
- The article discusses Nisa Investment Advisors LLC’s increase in its position in Freeport-McMoRan and mentions several large investors adding to or reducing their stakes in the company, leading to Fastenal (FAST) stock going up by 0.01%; Fastenal stock may have risen due to increased investor confidence in Freeport-McMoRan, prompting positive market sentiment.
- The article discusses how Meeder Advisory Services Inc. increased its stake in Fastenal (NASDAQ:FAST) by 10.3% during the fourth quarter, leading to a marginal increase in the company's stock price, with various institutional investors also modifying their holdings, attributing to the overall growth of Fastenal stock.
- Summary: Nisa Investment Advisors LLC increased their holdings in Fastenal (NASDAQ:FAST) stock by 1.9% during the 4th quarter, acquiring 3,300 additional shares worth $11,730,000, leading to a slight 0.01% increase in the stock's value, which can be attributed to increased investments from institutional investors like BlackRock Inc., Charles Schwab Investment Management Inc., Geode Capital Management LLC, Morgan Stanley, and Northern Trust Corp.
Reason for stock increase: The increase in Fastenal (FAST) stock value can be attributed to the boost in investments by institutional investors like Nisa Investment Advisors LLC, BlackRock Inc., Charles Schwab Investment Management Inc., Geode Capital Management LLC, Morgan Stanley, and Northern Trust Corp, signaling confidence in the company's potential growth and financial performance.
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| 2024-04-04 | -1.55 % |
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| 2024-04-01 | -0.71 % |
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| 2024-03-28 | -0.18 % |
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| 2024-03-27 | +0.65 % |
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| 2024-03-25 | -1.4 % |
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| 2024-03-21 | +0.98 % |
- The article discusses Fastenal (FAST) stock, which increased by 0.98% last night; the stock saw its price objective raised, had its earnings results exceed analysts' expectations, and also declared a higher quarterly dividend, leading to positive investor sentiment and increased trading activity within the company.
- The article discusses how Ziegler Capital Management LLC decreased its holdings in Fastenal (NASDAQ:FAST) by 16.6%, while other institutional investors and hedge funds have recently added to or reduced their stakes in the company, leading to an increase in the stock price by 0.98%. This rise in the stock price can be attributed to various factors such as institutional investment activity, positive earnings results, and increases in the company's dividend payout.
- The article discusses a recent partnership between HII's Newport News Shipbuilding division and the National Center for Manufacturing Sciences to host an Acceleration Summit: Technology Showcase to share potential innovations in shipbuilding, which may have positively impacted Fastenal (FAST) stock, resulting in a 0.98% increase. The stock potentially went up due to Fastenal's involvement in the event and the potential for technological advancements and solutions to accelerate collective performance in the shipbuilding industry.
- The article discusses how Fastenal (FAST) stock went up by 0.98% after Naples Global Advisors and other institutional investors lessened or increased their stake in the company, with some selling and others purchasing shares, leading to positive investor sentiment and potentially driving the stock price up.
- The article discusses an Acceleration Summit held by HII's Newport News Shipbuilding division in partnership with the National Center for Manufacturing Sciences, where industry leaders and partners, including Fastenal, gathered to share potential innovations in technology for shipbuilding; Fastenal stock likely rose last night due to positive market sentiment from its participation in this technology showcase, showcasing potential for accelerated collective performance within the industry.
- The article discusses Gulf International Bank UK Ltd lowering its position in Fastenal (NASDAQ:FAST) stock, various institutional investors making changes to their positions in the company, and recent financial data, with the stock being up by 0.98%, likely due to positive investor sentiment and the company's quarterly earnings beat.
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| 2024-03-19 | +0.67 % |
- Summary: Nordea Investment Management AB increased its holdings in Fastenal (FAST) stock by 0.4% in the 4th quarter, leading to a 0.67% increase in the stock price, with overall optimism being driven by positive earnings results, increase in institutional investments, dividend announcements, and positive analyst ratings.
Reasons for FAST stock increase: Positive quarterly earnings that exceeded analyst estimates, increased institutional investments from funds like Nordea Investment Management AB, dividend announcements, and favorable analyst ratings, including price target upgrades.
- The article discusses the increase in Fastenal (FAST) stock by 0.67% and attributes this rise to various institutional investors buying and selling shares and the positive performance of FactSet Research Systems, which may have influenced investor sentiment in related sectors.
- Sound Income Strategies LLC increased its holdings in Fastenal stock, contributing to its 0.67% rise last night, while various other hedge funds also added to their stakes in the company, and recent positive quarterly earnings results with a revenue increase could have contributed to the stock's upward movement.
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| 2024-03-15 | -0.32 % |
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| 2024-03-13 | -0.29 % |
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| 2024-03-12 | +1.26 % |
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| 2024-03-06 | -0.03 % |
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| 2024-03-05 | -0.6 % |
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| 2024-03-04 | +2.68 % |
- The article discusses the positive outlook for Applied Industrial Technologies, Inc. (AIT), emphasizing factors such as growth potential in revenue driven by easing year-over-year comparisons, rebound in the technology vertical, and strength in other end markets supported by secular trends and government stimulus funds. Additionally, the company's focus on enhancing cross-selling opportunities and expanding into high-growth areas like automation, along with a healthy balance sheet and margin expansion prospects, contributed to a buy rating. Fastenal (FAST) stock likely went up due to positive sentiments regarding Applied Industrial Technologies, Inc.'s growth prospects, including expected revenue growth, margin expansion, and valuation.
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| 2024-02-29 | -0.75 % |
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| 2024-02-27 | +0.21 % |
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| 2024-02-23 | +0.17 % |
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| 2024-02-20 | -0.23 % |
- The article reports that Fastenal (NASDAQ:FAST) stock received a "Hold" recommendation from analysts, with mixed ratings including one sell, three hold, and one buy rating, and insider trading activity where company insiders sold shares. The stock price of Fastenal went down by -0.23%, possibly due to the average recommendation being "Hold," as well as mixed analyst ratings and insider selling activities.
- Summary: Loop Capital downgraded WW Grainger (GWW) stock from Buy to Hold, attributing the adjustment to the completion of re-rating toward levels similar to Fastenal Company (FAST) in the industrial supply sector, expressing caution on Grainger's outlook for 2024 due to execution risk and lower expected EPS growth, but leaving room for a reassessment if positive developments arise.
Reason for Fastenal (FAST) stock going down: Fastenal (FAST) stock may have experienced a decline following Loop Capital's downgrade on WW Grainger (GWW) as the two companies are compared in the same sector, with concerns raised about Grainger's near-term outlook affecting industry peers like Fastenal.
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| 2024-02-15 | +0.03 % |
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| 2024-02-14 | +1.76 % |
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| 2024-02-12 | -0.01 % |
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| 2024-02-06 | +0.03 % |
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| 2024-02-05 | -1.68 % |
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| 2024-02-02 | +1.16 % |
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| 2024-01-30 | +0.74 % |
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| 2024-01-29 | +0.29 % |
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| 2024-01-26 | -1.17 % |
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| 2024-01-25 | +0.54 % |
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| 2024-01-24 | -0.96 % |
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| 2024-01-23 | -0.57 % |
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| 2024-01-22 | +0.82 % |
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| 2024-01-19 | +2.08 % |
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| 2024-01-18 | +7.18 % |
- Fastenal (FAST) stock rose 7.18% after the company reported better-than-expected quarterly earnings, citing higher unit sales and positive foreign exchange effects.
- Fastenal stock (FAST) went up by 7.18% after the company reported higher demand from manufacturers for its onsite products, such as safety gloves and power tools, as well as increased sales of industrial equipment due to infrastructure spending by the Biden administration and growth at newly opened onsite locations.
- Fastenal (FAST) stock went up by 7.18% due to the company reporting a bigger quarterly profit than expected, offsetting the impact of a warning from Humana about higher costs eating into its profit, while broader market gains were driven by easing pressure from the bond market.
- The stock of Fastenal (FAST) went up by 7.18% recently, and the reason behind this increase is the company's strong growth in its digital sales base and ecommerce, which accounted for 58.1% of sales in the fourth quarter of 2023.
- Fastenal (FAST) stock went up 7.18% after beating earnings and revenue estimates, with the increase attributed to rising sales for onsite locations and large customers.
- Fastenal (FAST) stock went up 7.18% because the distributor of safety supplies, fasteners, and other products reported a bigger quarterly profit than analysts expected.
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| 2024-01-17 | -0.61 % |
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| 2024-01-04 | +0.18 % |
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| 2023-12-14 | +0.3 % |
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| 2023-11-29 | -0.43 % |
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| 2023-11-27 | -0.02 % |
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| 2023-11-20 | +0.28 % |
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| 2023-11-17 | +0.15 % |
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