How to Buy Fastenal Co Stock
Fastenal Co
Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, North America, and internationally.
Fastenal Co stock last closed at $67.51, up 0.09% from the previous day, and has increased 22.92% in one year. It has underperformed other stocks in the Industrial Distribution industry by 0.08 percentage points. Fastenal Co stock is currently +29.12% from its 52-week low of $52.29, and -14.59% from its 52-week high of $79.04.
As of Apr 23, 2024, there are 572.55M FAST shares outstanding. The market capitalization of FAST is $38.65B. In the past 24 hours, 3.66M FAST shares were traded.
How to Buy Fastenal Co Stock
Not sure how to invest in Fastenal Co stock? Here's how.
- Figure out where to buy Fastenal Co stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you determine where to buy Fastenal Co stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Choose your method of payment and add your information.
- Analyze Fastenal Co stock: The Fastenal Co ticker symbol is FAST. Is Fastenal Co stock a good investment? Should you buy shares of FAST? How do FAST's underlying business fundamentals look? Do top analysts think Fastenal Co is a good buy? Why has FAST's stock price moved recently? (Hint: Our stock market research tools can help you decide if FAST is a good stock to buy).
- Make your FAST trade: Decide if you will purchase FAST shares at the current market price or use a limit order to buy FAST stock at a given price.
- Watch your FAST position: Create a watchlist to track your position in Fastenal Co shares.
Step 1: Figure out where to buy Fastenal Co stock
You need a brokerage account in order to access the NASDAQ market and buy FAST stock.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Create a brokerage account
Now that you've selected the best brokerage, it's time to fill out some personal details so you are able to buy FAST today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to start a new trading account.
- Submit your application by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've created your account on the stock trading app, your next step is to transfer the money for your investment:
Check out this video walkthrough for more details depositing funds into your investment account.
Step 4: Analyze Fastenal Co stock
After you have figured out the best place to buy Fastenal Co stock, it's critical to research their stock prior to investing, so you can comprehend the risk as well as the upside.
Fastenal Co shares data
FAST Fundamentals
WallStreetZen was designed to help part-time investors perform better fundamental analysis quickly.
You can see all of the due diligence checks on FAST's stock page.
Is FAST stock properly valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge FAST's intrinsic value.
Using relative valuations metrics:
- FAST could be undervalued based on its P/E ratio of 33.42x, relative to Industrial Distribution industry P/E ratio of 509.54x
- FAST could be overvalued based on its P/B ratio of 11.27x, relative to Industrial Distribution industry P/B ratio of 6.83x
- FAST may be overvalued based on its PEG ratio of 10.45x
You can do additional valuation research on FAST's stock here.
A quick look at FAST Financials
Passed Health Checks:
- FAST earnings of $1.53B is not sufficient to cover its interest payments.
- There are more short-term assets than short-term liabilities on the FAST balance sheet.
- There are more short-term assets than long-term liabilities on the FAST balance sheet.
- FAST has a low debt to equity ratio of 0.32.
- FAST profit margin has gone up from 15.6% to 15.7% in the past year.
- FAST's operating cash flow of $1.38B allows it to safely service it's debt of $483.40M.
- Total FAST debt is lower than 5 years ago, relative to shareholder equity.
Do Wall Street analysts think it's a good time to buy Fastenal Co stock
Out of 4 Wall Street analysts who monitor FAST, the consensus analyst rating on Fastenal Co is a Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are saying on the Fastenal Co stock forecast page.
FAST Technical Indicators
FAST Performance Metrics
Last year, FAST earnings were $1.16B. In the past 5 year, FAST's earnings have gone up by 8.55% per year. This was slower than the Industrial Distribution industry average of 12.12%.
Last year, FAST revenue was $7.38B. In the last five year, FAST's revenue has gone up by 7.73% per year. This was slower than the Industrial Distribution industry average of 23.32%.
Dive into FAST's earnings and revenue performance here.
Who is buying/selling FAST?
In the last 12 months, insiders at FAST have bought more shares than they have sold.
Daniel L. Johnson, Director of FAST, was the latest FAST insider to buy. They bought $229,056.25 worth of FAST shares on Apr 17, 2024.
Research more about who owns FAST stock here.
Can I get consistent income from FAST stock?
Fastenal Co pays a dividend of 2.7%, compared to the Industrial Distribution industry's average dividend yield of 1.74%. If you owned $1,000 worth of FAST stock, you would have received $26.96 last year.
Fastenal Co dividend payments have consistently grown over the past decade but have not remained stable.
Find more analysis about Fastenal Co dividend yield and history here.
What do other traders have to say about FAST?
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Make your FAST trade
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly sufficient. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at an exact price, place a limit order.
Hit the Open Trade button and eToro will execute your order.
If you need more assistance investing in stocks on eToro, watch the how to video below:
Step 6: Watch your FAST position
Now that you own some shares in FAST, you'll want to stay up-to-date on your company.
Create a watchlist to track the latest developments regarding your FAST stock.
FAST Feed
How to Buy Stock in Fastenal Co
To summarize, here are the 6 steps for buying Fastenal Co stock:
- Figure out where to buy Fastenal Co stock
- Create a brokerage account
- Fund your brokerage account
- Analyze Fastenal Co stock
- Make your FAST trade
- Watch your FAST position
If you are looking for a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to monitor your new investment in Fastenal Co, create a watchlist on WallStreetZen today.
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