Robert W. Baird Sticks to Their Hold Rating for Fastenal Company (FAST)

In a report released on September 7, David Manthey from Robert W. Baird maintained a Hold rating on Fastenal Company (FASTResearch Report), with a price target of $48.00. The company’s shares closed last Friday at $51.20.

According to TipRanks, Manthey is a 5-star analyst with an average return of 10.7% and a 61.40% success rate. Manthey covers the Industrial Goods sector, focusing on stocks such as Fastenal Company, Pool, and Wesco International.

Currently, the analyst consensus on Fastenal Company is a Hold with an average price target of $46.83.

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FAST market cap is currently $29.42B and has a P/E ratio of 28.67.

Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FAST in relation to earlier this year. Last month, Miller Charles S., the SEVP of FAST sold 23,136.00 shares for a total of $1,293,130.08.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Incorporated in 1967, Fastenal Co. is a Minnesota-based company, which is engaged in the wholesale distribution of industrial and construction supplies. It offers fasteners, and related industrial and construction supplies under the Fastenal name.

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