Fastenal helps customers simplify and realize product and process savings across their supply chain. It sells a broad oCering of products spanning more than nine major product lines - from fasteners and tools to safety and janitorial supplies. These products are eciently distributed to manufacturing facilities, job sites, and other customer locations through local service teams and point-of-use inventory solutions, including industrial vending technology and bin stock programs (Fastenal Managed Inventory or FMI®). Its distribution system centers on over 3,200 in-market locations (a combination of public branches and customer-speci c Onsite locations), primarily in North America but also in Asia, Europe, and Central and South America, each providing tailored inventory, exible service, and custom solutions to drive the unique goals of local customers. These in-market servicing locations are supported by Vfteen regional distribution centers, a captive logistics Deet, robust sourcing, quality and manufacturing resources, and multiple teams of industry specialists and support personnel - all working toward Fastenal's common goal of Growth Through Customer Service®.

Company profile
Ticker
FAST
Exchange
Website
CEO
Willard Oberton
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
FASTENAL COMPANY
SEC CIK
Corporate docs
Subsidiaries
Fastenal IP Company • Fastenal Air Fleet, LLC • River Surplus and Supply, LLC • Fastenal Mexico, LLC • Innova Holdings, LLC • Innova Supply Chain Solutions, LLC • Fastenal Brasil Participacoes Ltda. • FASTCO (Shanghai) Trading Co., Ltd. • Fastenal (Shanghai) International Trading Co. Ltd. • Fastenal (Tianjin) International Trading Co. Ltd. ...
IRS number
410948415
FAST stock data
News

Peering Into Fastenal's Recent Short Interest
2 Aug 22
W W Grainger Price Target Raised By Multiple Analysts Post Q2 Results
1 Aug 22
$100 Invested In This Stock 5 Years Ago Would Be Worth $200 Today
29 Jul 22
Fastenal's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
21 Jul 22
Over $112 Million Bet On Occidental Petroleum? 4 Stocks Insiders are Buying
19 Jul 22
Analyst ratings and price targets
Current price
Average target
$48.75
Low target
$42.00
High target
$55.00
Argus Research
Maintains
$55.00
Morgan Stanley
Maintains
$42.00
UBS
Maintains
$50.00
Baird
Downgraded
$48.00
Calendar
18 Jul 22
12 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Revenue | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 247.9M | 247.9M | 247.9M | 247.9M | 247.9M | 247.9M |
Cash burn (monthly) | (no burn) | 6.16M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 8.91M | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 238.99M | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 38.8 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
14 Jul 22 | Lisowski Sheryl Ann | Common Stock | Buy | Acquire P | No | No | 46.626 | 1,058 | 49.33K | 5,096 |
15 Jun 22 | Ancius Michael J | Common Stock | Buy | Acquire P | No | No | 49.18 | 678 | 33.34K | 28,265 |
15 Jun 22 | Lewis Holden | Common Stock | Buy | Acquire P | No | No | 49.4396 | 1,000 | 49.44K | 9,582 |
15 Jun 22 | Jansen James C | Common Stock | Buy | Acquire P | No | No | 48.9197 | 1,000 | 48.92K | 26,176 |
19 May 22 | Daniel L. Johnson | Common Stock | Buy | Acquire P | No | No | 51.0089 | 1,000 | 51.01K | 10,595 |
Institutional ownership, Q1 2022
76.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1007 |
Opened positions | 73 |
Closed positions | 110 |
Increased positions | 387 |
Reduced positions | 342 |
13F shares | Current |
---|---|
Total value | 26.25B |
Total shares | 442.04M |
Total puts | 490.08K |
Total calls | 843.94K |
Total put/call ratio | 0.6 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 68.57M | $4.07B |
BLK Blackrock | 46.25M | $2.75B |
STT State Street | 27.3M | $1.62B |
BK Bank Of New York Mellon | 27.17M | $1.61B |
Geode Capital Management | 12.64M | $749.12M |
Charles Schwab Investment Management | 9.23M | $548.12M |
PFG Principal Financial Group Inc - Registered Shares | 9.14M | $542.93M |
BAC Bank Of America | 8.05M | $478.44M |
NTRS Northern Trust | 7.5M | $445.64M |
Select Equity | 7.36M | $437.13M |
Financial report summary
?Management Discussion
- Note – Daily sales are defined as the total net sales for the period divided by the number of business days (in the United States) in the period. The table below sets forth net sales and daily sales for the periods ended December 31, and changes in such sales from the prior period to the more recent period:
- The increase in net sales noted above for 2021 was due to higher unit sales of industrial products to traditional manufacturing and construction customers and higher pricing, only partly offset by lower pandemic-related PPE sales as the prior year's demand surge did not recur.
- Higher unit sales in 2021 were a result of strong economic activity which increased demand for our products to our traditional manufacturing and construction customers. Although economic strength was fairly consistent throughout the year, our growth patterns were not, primarily due to comparisons related to the timing of pandemic-related PPE sales in the previous year. For instance, our daily sales growth in the first half of 2021 was 2.5%. Our cyclical product categories substantially outperformed this, as exemplified by fastener daily sales growth of 15.4% in the first half of 2021. However, this was mostly offset by the absence of significant spending for PPE that occurred in the previous period, which is best illustrated by safety products' daily sales decline of 20.2% in first half of 2021. By contrast, our daily sales growth in the second half of 2021 was a much stronger 12.3%. Our cyclical product categories continued to outperform with fastener daily sales having grown 22.2% in the second half of 2021. While certain products and markets within our business continued to face difficult PPE comparisons, they were not as severe as what had been experienced in the first half of 2021, which allowed our safety products to post daily growth of 0.3% in the second half of 2021.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Good
|
New words:
albeit, carry, carryover, China, downtown, elevated, EU, geography, larger, percent, physical, pushed, show, slight, stable, tactical, Taiwan, upgrade
Removed:
anticipated, calculating, error, established, figure, freight, improving, personal, positive, PPE, protective, significantly, specifically, tight, unusual
Financial reports
Current reports
8-K
Fastenal Company Reports 2022 Second Quarter Earnings
13 Jul 22
8-K
Submission of Matters to a Vote of Security Holders
26 Apr 22
8-K
Fastenal Company Reports 2022 First Quarter Earnings
13 Apr 22
8-K
Fastenal Company Reports 2021 Annual and Fourth Quarter Earnings
19 Jan 22
8-K
Fastenal Company Reports 2021 Third Quarter Earnings
12 Oct 21
8-K
Departure of Directors or Certain Officers
16 Aug 21
8-K
Fastenal Company Reports 2021 Second Quarter Earnings
13 Jul 21
8-K
Submission of Matters to a Vote of Security Holders
27 Apr 21
8-K
Fastenal Company Reports 2021 First Quarter Earnings
13 Apr 21
8-K
Fastenal Company Reports 2020 Annual and Fourth Quarter Earnings
20 Jan 21
Registration and prospectus
S-8
Registration of securities for employees
25 Apr 18
S-8
Registration of securities for employees
18 Aug 11
S-8
Registration of securities for employees
21 Oct 09
S-8
Registration of securities for employees
16 May 06
S-3
Shelf registration
12 May 02
S-8
Registration of securities for employees
14 May 98
Other
SD
Conflict minerals disclosure
19 May 22
SD
Conflict minerals disclosure
19 May 21
SD
Conflict minerals disclosure
19 May 20
UPLOAD
Letter from SEC
13 Apr 20
CORRESP
Correspondence with SEC
12 Apr 20
UPLOAD
Letter from SEC
31 Mar 20
CORRESP
Correspondence with SEC
5 Feb 20
SD
Conflict minerals disclosure
16 May 19
SD
Conflict minerals disclosure
16 May 18
SD
Conflict minerals disclosure
24 May 17
Ownership
4
FASTENAL / Sheryl Ann Lisowski ownership change
18 Jul 22
4
FASTENAL / James C Jansen ownership change
17 Jun 22
4
FASTENAL / Holden Lewis ownership change
17 Jun 22
4
FASTENAL / Michael J Ancius ownership change
17 Jun 22
11-K
Annual report of employee stock purchases
7 Jun 22
4
FASTENAL / Daniel L. Johnson ownership change
20 May 22
4
FASTENAL / Michael J Ancius ownership change
12 May 22
4
FASTENAL / Michael J Ancius ownership change
9 May 22
4
FASTENAL / DANIEL L FLORNESS ownership change
4 May 22
4
FASTENAL / Michael J Ancius ownership change
18 Apr 22
Transcripts
2022 Q2
Earnings call transcript
13 Jul 22
2022 Q1
Earnings call transcript
13 Apr 22
2021 Q4
Earnings call transcript
19 Jan 22
2021 Q2
Earnings call transcript
13 Jul 21
2021 Q1
Earnings call transcript
13 Apr 21
2020 Q4
Earnings call transcript
20 Jan 21
2020 Q3
Earnings call transcript
13 Oct 20
2020 Q2
Earnings call transcript
14 Jul 20
2020 Q1
Earnings call transcript
14 Apr 20
2019 Q4
Earnings call transcript
17 Jan 20
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