Fastenal (FAST)

• Market cap: $42.9B
• 1 day: 1.07%
• 5 days: -5.00%
• 1 month: -8.56%
• 3 months: 5.75%
• 6 months: 14.90%
• Year to date: 17.73%
• 1 year: 15.75%
• 5 years: 101.56%
• 10 years: 213.71%
• Sector: Materials
• Industry: Building Materials, Hardware, Garden Supply

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

• Low target: $72 4% downside
• Avg. target: $81 8% upside
• High target: $88 18% upside

8 analyst ratings

• positive: 1 13%
• neutral: 7 88%
• negative: 0 0%

Stifel Brian Butler 38% 1-year accuracy 3 / 8 met price target	15% upside $86	Hold Downgraded	11 Dec 2024
Jefferies Stephen Volkmann 20% 1-year accuracy 2 / 10 met price target	14% upside $85	Hold Maintained	6 Dec 2024
UBS Amit Mehrotra 20% 1-year accuracy 2 / 10 met price target	18% upside $88	Neutral Assumed	13 Nov 2024
Morgan Stanley Chris Snyder 79% 1-year accuracy 11 / 14 met price target	2% 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