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Fastenal Company (FAST) CEO and President Willard D Oberton sells 40,000 Shares

Feb 07, 2012 | About:
insider
insider
CEO and President of Fastenal Company (FAST) Willard D Oberton sells 40,000 shares of FAST on 02/03/2012 at an average price of $48 a share.

Fastenal Company has a market cap of $14.19 billion; its shares were traded at around $48.06 with a P/E ratio of 39.4 and P/S ratio of 5.1. The dividend yield of Fastenal Company stocks is 1.4%. Fastenal Company had an annual average earning growth of 17.7% over the past 10 years. GuruFocus rated Fastenal Company the business predictability rank of 3-star.


This is the insider trade history vs. stock price of FAST. For the complete insider trading history of FAST, click here.




Directors and Officers Recent Trades:


  • Executive Vice-President Nicholas J Lundquist bought 10,000 shares of FAST stock on 12/23/2011 at the average price of 43.31. Nicholas J Lundquist owns at least 156,889 shares after this. The price of the stock has increased by 10.97% since.
  • Director Stephen M Slaggie sold 50,000 shares of FAST stock on 12/30/2011 at the average price of 44.02. Stephen M Slaggie owns at least 10,727,288 shares after this. The price of the stock has increased by 9.18% since.
  • Director Stephen M Slaggie sold 50,000 shares of FAST stock on 12/06/2011 at the average price of 42.54. Stephen M Slaggie owns at least 10,777,288 shares after this. The price of the stock has increased by 12.98% since.
  • Director Robert A Kierlin sold 100,000 shares of FAST stock on 12/05/2011 at the average price of 42.5. Robert A Kierlin owns at least 13,750,800 shares after this. The price of the stock has increased by 13.08% since.
  • Director Robert A Kierlin sold 100,000 shares of FAST stock on 11/03/2011 at the average price of 39.11. Robert A Kierlin owns at least 13,850,800 shares after this. The price of the stock has increased by 22.88% since.


For the complete insider trading history of FAST, click here.

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


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