Fastenal
FAST
Market cap $43.8B

76.48 USD

-1.29

1.66%

Updated Oct 22, 10:48 AM EDT

1 day

-1.66%

5 days

-1.11%

1 month

6.47%

3 months

12.01%

6 months

13.39%

Year to date

20.35%

1 year

33.29%

5 years

104.66%

About: Fastenal opened its first fastener store in 1967 in Winona, Minnesota. Since then, it has greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 1,600 branches, over 1,800 on-site locations, and 15 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 30%-35% of sales. Fastenal also offers customers supply chain solutions, such as vending and vendor-managed inventory.

Employees: 23,518

Materials Building Materials, Hardware, Garden Supply

0

Funds holding %

of 6,740 funds

0

Analysts bullish %

of 7 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

44% more call options, than puts

Call options by funds: $224M | Put options by funds: $156M

1.0% less ownership

Funds ownership: 82.31% [Q1] → 81.31% (-1.0%) [Q2]

3% less repeat investments, than reductions

Existing positions increased: 418 | Existing positions reduced: 429

3% less funds holding

Funds holding: 1,161 [Q1] → 1,128 (-33) [Q2]

19% less capital invested

Capital invested by funds: $36.2B [Q1] → $29.3B (-$6.95B) [Q2]

27% less first-time investments, than exits

New positions opened: 90 | Existing positions closed: 123

43% less funds holding in top 10

Funds holding in top 10: 21 [Q1] → 12 (-9) [Q2]

See Fund Rankings

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$72

6%

downside

Avg. target

$78

2%

upside

High target

$86

12%

upside

7 analyst ratings

2 positive

29%

5 neutral

71%

0 negative

0%

Morgan Stanley Chris Snyder 77% 1-year accuracy 10 / 13 met price target	1%downside $76	Equal-Weight Maintained	14 Oct 2024
JP Morgan Patrick Baumann 0 / 0 met price target	6%downside $72	Neutral Maintained	14 Oct 2024
Stifel Brian Butler 67% 1-year accuracy 2 / 3 met price target	12%upside $86	Buy Reiterated	14 Oct 2024
Stephens & Co. Tommy Moll 86% 1-year accuracy 12 / 14 met price target	2%downside $75	Equal-Weight Maintained	14 Oct 2024
Baird David Manthey 83% 1-year accuracy 20 / 24 met price target	5%upside $80	Neutral Maintained	14 Oct 2024

See Analyst Rankings

Financial journalist opinion

Based on 28 articles about FAST published over the past 30 days

Why Fastenal Stock Could Hit New Highs After Strong Q3 Results

Fastenal FAST stock has increased more than 250% since 2016 due to customer growth, the growing number of Onsite locations, deepening service penetration, and improving business metrics. The rally in stock prices can continue because those factors continue to drive results.

Why Fastenal Stock Could Hit New Highs After Strong Q3 Results

Fastenal Names New Executive Vice President of Strategy and Communications

WINONA, Minn.--(BUSINESS WIRE)--Fastenal Company (Nasdaq: FAST) (herein 'Fastenal') has promoted Donnalee K. Papenfuss to the position of Executive Vice President of Strategy and Communications effective November 1, 2024. In this newly created role, Ms. Papenfuss will lead marketing and drive strategic initiatives in the areas of technology, sales, and environmental, social, and governance (ESG). Additionally, she will enhance communication efforts to support these initiatives and ensure alignm.

Fastenal Names New Executive Vice President of Strategy and Communications

Zacks Investment Research

Fastenal (FAST) International Revenue Performance Explored

Review Fastenal's (FAST) international revenue performance and how it affects the predictions of financial analysts on Wall Street and the future prospects for the stock.

Fastenal (FAST) International Revenue Performance Explored

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High-Quality Dividend Stock Universe: Fastenal Company - In Need Of A Moderate Pullback

Fastenal reported better than expected Q3 earnings, resulting in a 10% jump in stock price. Fastenal has returned more than 51,000% since inception, equating to a CAGR of almost 20%. Earlier this year, the company achieved dividend champion status, but the rising payout ratio is something investors should monitor.

High-Quality Dividend Stock Universe: Fastenal Company - In Need Of A Moderate Pullback

Why Fastenal Stock Could Hit New Highs After Strong Q3 Results

Fastenal NASDAQ: FAST stock has increased more than 250% since 2016 due to customer growth, the growing number of Onsite locations, deepening service penetration, and improving business metrics. The rally in stock prices can continue because those factors continue to drive results.

Why Fastenal Stock Could Hit New Highs After Strong Q3 Results

Fastenal Shares Jump After Revenue Rose Despite Hurricane Helene Disruption

Fastenal (FAST) shares were the top gainer in the S&P 500 Friday after the maker of fasteners and other industrial supplies reported increased revenue even as disruptions caused by Hurricane Helene cut into sales.

Fastenal Shares Jump After Revenue Rose Despite Hurricane Helene Disruption

Fastenal Company (FAST) Q3 2024 Earnings Call Transcript

Fastenal Company (NASDAQ:FAST ) Q3 2024 Earnings Call Transcript October 11, 2024 10:00 AM ET Company Participants Taylor Ranta - Accounting Manager Dan Florness - CEO Holden Lewis - CFO Conference Call Participants Ryan Merkel - William Blair Ken Newman - KeyBanc Capital Markets Tommy Moll - Stephens Stephen Volkmann - Jefferies Nigel Coe - Wolfe Research Chris Snyder - Morgan Stanley Operator Hello, and welcome to the Fastenal 2024 Q3 Earnings Results Conference Call. At this time, all participants are in a listen-only mode.

Fastenal Company (FAST) Q3 2024 Earnings Call Transcript

Zacks Investment Research

Fastenal's Q3 Earnings Meet Estimates, Sales Miss, Stock Up

FAST's third-quarter 2024 results reflect an increase in unit sales driven by growth with larger customers, offset by unfavorable customer and product mix.

Fastenal's Q3 Earnings Meet Estimates, Sales Miss, Stock Up

Zacks Investment Research

Fastenal (FAST) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Although the revenue and EPS for Fastenal (FAST) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Fastenal (FAST) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

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