In this article, I will feature one industrial stock that has seen intensive insider buying during the last 30 days. Intensive insider buying can be defined by the following three criteria:
- The stock is purchased by three or more insiders within one month.
- The stock is sold by no insiders in the month of intensive purchasing.
- At least two purchasers increased their holdings by more than 10%.
Fastenal Company (FAST) operates as a wholesaler and retailer of industrial and construction supplies in the United States, Canada, and internationally.
Insider buying during the last 30 days
Here is a table of Fastenal's insider-trading activity during the last 30 days by insider.
|Name||Title||Trade Date||Shares Purchased||Current Ownership||Increase In Shares|
|Rita Heise||Director||Jan 30||1,000||2,000 shares||+100%|
|Michael Ancius||Director||Jan 27-30||605||7,794 shares||+8.4%|
|Nicholas Lundquist||EVP||Jan 27||4,000||232,542 shares||+1.8%|
|Leland Hein||President||Jan 17||4,300||19,244 shares||+28.8%|
There have been 9,905 shares purchased by insiders during the last 30 days.
Insider buying by calendar month
Here is a table of Fastenal's insider-trading activity by calendar month.
|Month||Insider buying / shares||Insider selling / shares|
There have been 31,974 shares purchased, and there have been 337,500 shares sold by insiders since January 2013.
Fastenal reported the full-year 2013 financial results on January 15 with the following highlights:
|Net income||$448.6 million|
|Qtrly Rev Growth (yoy):||0.08||0.07||0.18||0.07|
|PEG (5 yr expected):||1.69||2.01||1.55||1.41|
Fastenal has the highest insider ownership among these four companies.
Here is a table of these competitors' insider-trading activities during the last 12 months.
|Company||Insider buying / shares||Insider selling / shares|
Only Fastenal has seen intensive insider buying during the last 30 days.
There have been four different insiders buying Fastenal, and there have not been any insiders selling Fastenal during the last 30 days. Two of these four insiders increased their holdings by more than 10%. Fastenal has an insider ownership of 4.20%.
Fastenal has a $36 price target from the Point and Figure chart. I would be looking to be a buyer around $36 based on the intensive insider buying.