FastenalFAST
Market Cap: $37.7B
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
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
3% less repeat investments, than reductions
Existing positions increased: 415 | Existing positions reduced: 426
1.03% less ownership
Funds ownership: 82.3% [Q1] → 81.27% (-1.03%) [Q2]
4% less funds holding
Funds holding: 1,159 [Q1] → 1,118 (-41) [Q2]
19% less capital invested
Capital invested by funds: $36.2B [Q1] → $29.2B (-$6.97B) [Q2]
32% less first-time investments, than exits
New positions opened: 87 | Existing positions closed: 128
43% less funds holding in top 10
Funds holding in top 10: 21 [Q1] → 12 (-9) [Q2]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Morgan Stanley Chris Snyder 58% 1-year accuracy 7 / 12 met price target | 9%upside $72 | Equal-Weight Initiated | 6 Sept 2024 |
Stifel Brian Butler 33% 1-year accuracy 1 / 3 met price target | 21%upside $80 | Buy Reiterated | 15 Jul 2024 |
Stephens & Co. Tommy Moll 92% 1-year accuracy 22 / 24 met price target | 15%downside $56 | Equal-Weight Reiterated | 15 Jul 2024 |
Jefferies Stephen Volkmann 50% 1-year accuracy 1 / 2 met price target | 1%downside $65 | Hold Maintained | 11 Jul 2024 |
Financial journalist opinion
Based on 4 articles about FAST published over the past 30 days