Fastenal Co (FAST) Files Form 4 Insider Buying : Michael J Ancius Buys 600 Shares

Fastenal Co (FAST): Michael J Ancius , director of Fastenal Co purchased 600 shares on Sep 9, 2016. The Insider buying transaction was reported by the company on Sep 13, 2016 to the Securities and Exchange Commission. The shares were purchased at $41.00 per share for a total value of $24,600.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 3, 2016, Sheryl Ann Lisowski (Interim CFO/CAO/Controller) sold 5,000 shares at $46.69 per share price.On Mar 3, 2016, James C Jansen (Executive Vice President) sold 25,000 shares at $46.50 per share price.Also, On Mar 1, 2016, Daniel L Florness (CEO and President) sold 80,000 shares at $45.17 per share price.On Feb 18, 2016, Terry Modock Owen (Senior EVP) sold 10,000 shares at $43.59 per share price.

Fastenal Company: On Monday, Sep 12, 2016 heightened volatility was witnessed in Fastenal Company which led to swings in the share price. The shares opened for trading at $40.25 and hit $40.86 on the upside , eventually ending the session at $40.71, with a gain of 0.35% or 0.14 points. The heightened volatility saw the trading volume jump to 3,098,930 shares. The 52-week high of the share price is $49.99 and the company has a market cap of $11,764 M . The 52-week low of the share price is at $34.45.

Fastenal Company Money Flow Index Chart

Company has been under the radar of several Street Analysts.Fastenal Company is Initiated by Macquarie to Neutral and the brokerage firm has set the Price Target at $50. The Rating was issued on Aug 26, 2016.Fastenal Company is Initiated by Morgan Stanley to Equal-Weight and the brokerage firm has set the Price Target at $46. The Rating was issued on Jul 7, 2016.Fastenal Company is Resumed by Credit Suisse to Neutral. The Rating was issued on Jun 17, 2016.

Fastenal Company sells industrial and construction supplies to end-users (business-to-business) and also has some walk-in retail business. The Company’s product offerings include fasteners and other industrial and construction supplies many of which are sold under the Fastenal product name. The Company’s product line which it refers to as the fastener product line consists of two categories: threaded fasteners such as bolts nuts screws studs and related washers and miscellaneous supplies and hardware such as various pins and machinery keys concrete anchors metal framing systems wire rope strut rivets and related accessories. The Company’s product line includes fasteners cutting tools tools hydraulics and pneumatics material handling janitorial supplies electrical supplies welding supplies safety supplies metals direct ship and office supplies. It operates approximately 14 distribution centers in North America.

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