Fastenal (FAST)

• Market cap: $46.8B
• 1 day: 1.40%
• 5 days: 8.47%
• 1 month: 7.24%
• 3 months: 7.23%
• 6 months: 5.07%
• Year to date: 14.72%
• 1 year: 19.13%
• 5 years: 127.05%
• 10 years: 302.47%
• Sector: Industrials
• Industry: Industrial Distribution

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 2,000 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: 21,339

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

130% more first-time investments, than exits

New positions opened: 145 | Existing positions closed: 63

58% more funds holding in top 10

Funds holding in top 10: 12 [Q3] → 19 (+7) [Q4]

6% more capital invested

Capital invested by funds: $32.7B [Q3] → $34.5B (+$1.84B) [Q4]

5% more funds holding

Funds holding: 1,147 [Q3] → 1,206 (+59) [Q4]

2.57% more ownership

Funds ownership: 79.94% [Q3] → 82.51% (+2.57%) [Q4]

5% more call options, than puts

Call options by funds: $213M | Put options by funds: $204M

11% less repeat investments, than reductions

Existing positions increased: 411 | Existing positions reduced: 460

Research analyst outlook

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

• Low target: $80 2% downside
• Avg. target: $83 1% upside
• High target: $86 5% upside

3 analyst ratings

• positive: 0 0%
• neutral: 3 100%
• negative: 0 0%

Stephens & Co. Tommy Moll 38% 1-year accuracy 9 / 24 met price target	2% downside $80	Equal-Weight Maintained	15 Apr 2025
Baird David Manthey 36% 1-year accuracy 14 / 39 met price target	5% upside $86	Neutral Maintained	14 Apr 2025
Stifel Brian Butler 89% 1-year accuracy 8 / 9 met price target	1% upside $82	Hold Maintained	21 Jan 2025