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William Joseph Drazkowski, Executive Vice President of Sales at Fastenal Co (NASDAQ:FAST), recently executed a significant stock transaction. On April 14, Drazkowski sold 15,000 shares of Fastenal common stock at an average price of $81.31, amounting to a total value of approximately $1.22 million. The transaction comes as Fastenal’s stock shows strong momentum, with a 14% gain in the past week and trading near its 52-week high of $84.88.
In a related move, Drazkowski acquired 15,000 shares through the exercise of employee stock options at a price of $38 per share, totaling $570,000. Following these transactions, he holds 5,997 shares directly and 5,271 shares indirectly in a 401(k) plan. According to InvestingPro, Fastenal maintains a "GREAT" financial health score, operating with moderate debt levels and strong liquidity.
These transactions reflect Drazkowski’s active management of his holdings in the company, as reported in the latest SEC Form 4 filing. For deeper insights into Fastenal’s valuation and growth prospects, InvestingPro offers comprehensive analysis with 14 additional key insights and a detailed Pro Research Report.
In other recent news, Fastenal Company reported its first-quarter 2025 earnings, achieving an earnings per share (EPS) of $0.52, which aligned with analysts’ expectations, and revenue slightly surpassing forecasts at $1.96 billion. The company’s revenue grew by 3.4% year-over-year, with daily sales increasing by 5%, marking the strongest growth since the second quarter of 2023. Despite a slight decline in operating and gross margins, Fastenal maintained a robust operating margin of 20.1%. Raymond (NSE:RYMD) James maintained its Underperform rating on Fastenal stock, citing concerns over the company’s valuation and reliance on new site openings for growth. Analyst Sam Darkatsh from Raymond James expressed caution regarding the market’s high expectations for Fastenal’s sales growth. The company is also navigating challenges related to tariffs, which could impact costs and profitability. Fastenal’s forward guidance indicates continued growth, with pricing actions expected to contribute a 3-4% increase in the second quarter. These recent developments highlight Fastenal’s ability to sustain operational performance amidst market challenges.
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