FAST stock icon

Fastenal
FAST

$67.90
0.56%

Market Cap: 38.9B

 

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: 23,201

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 9 analysts
0
News positive %
of 20 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

60% more first-time investments, than exits

New positions opened: 134 | Existing positions closed: 84

18% more capital invested

Capital invested by funds: $30.1B [Q4 2023] → $35.5B (+$5.42B) [Q1 2024]

5% more funds holding

Funds holding: 1,093 [Q4 2023] → 1,143 (+50) [Q1 2024]

6% more call options, than puts

Call options by funds: $253M | Put options by funds: $238M

0% more funds holding in top 10

Funds holding in top 10: 21 [Q4 2023] → 21 (+0) [Q1 2024]

0.7% less ownership

Funds ownership: 81.39% [Q4 2023] → 80.7% (-0.7%) [Q1 2024]

22% less repeat investments, than reductions

Existing positions increased: 367 | Existing positions reduced: 469

Research analyst outlook

9 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$56
18%
downside
Avg. target
$70
4%
upside
High target
$85
25%
upside

9 analyst ratings

positive
22%
neutral
78%
negative
0%
Stifel
Brian Butler
18%upside
$80
Buy
Reiterated
15 Jul 2024
Stephens & Co.
Tommy Moll
18%downside
$56
Equal-Weight
Reiterated
15 Jul 2024
Jefferies
Stephen Volkmann
4%downside
$65
Hold
Maintained
11 Jul 2024
Baird
David Manthey
2%upside
$69
Neutral
Maintained
7 May 2024
Loop Capital
Chris Dankert
3%downside
$66
Hold
Maintained
15 Apr 2024

Financial journalist opinion

Based on 20 articles about FAST published over the past 30 days