FastenalFAST
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
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
16% more call options, than puts
Call options by funds: $210M | Put options by funds: $181M
11% more first-time investments, than exits
New positions opened: 102 | Existing positions closed: 92
10% more capital invested
Capital invested by funds: $29.8B [Q2] → $32.7B (+$2.89B) [Q3]
1% more repeat investments, than reductions
Existing positions increased: 420 | Existing positions reduced: 416
1% more funds holding
Funds holding: 1,131 [Q2] → 1,141 (+10) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 12 [Q2] → 12 (+0) [Q3]
2.9% less ownership
Funds ownership: 82.94% [Q2] → 80.04% (-2.9%) [Q3]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Stifel Brian Butler 25% 1-year accuracy 2 / 8 met price target | 15%upside $86 | Hold Downgraded | 11 Dec 2024 |
Jefferies Stephen Volkmann 20% 1-year accuracy 2 / 10 met price target | 13%upside $85 | Hold Maintained | 6 Dec 2024 |
UBS Amit Mehrotra 20% 1-year accuracy 2 / 10 met price target | 17%upside $88 | Neutral Assumed | 13 Nov 2024 |
Morgan Stanley Chris Snyder 79% 1-year accuracy 11 / 14 met price target | 1%upside $76 | Equal-Weight Maintained | 14 Oct 2024 |
JP Morgan Patrick Baumann 0 / 0 met price target | 4%downside $72 | Neutral Maintained | 14 Oct 2024 |
Financial journalist opinion
