FAST Fastenal Co.

Fastenal Co. engages in the provision of fasteners, tools, and supplies which can help in the manufacture of products, build structures, protect personnel, and maintain facilities and equipment. It products include cutting tools & metalworking, fasteners, material handling, storage & packaging power, transmission & motors, tools & equipment, electricals, abrasives, hydraulics & pneumatics, plumbing, lifting & rigging, raw materials, fleet & automotive, welding, office products & furniture, janitorial and lighting. The company was founded by Robert A. Kierlin, Michael M. Gostomski, Henry K. McCannon, John D. Remick, and Stephen M. Slaggie in November 1967 and is headquartered in Winona, MN.

Company profile

Ticker

FAST

Exchange

NASDAQ

Website

www.fastenal.com

CEO

Daniel Lars Florness

Incorporated in

Minnesota

Location

Minnesota

Fiscal year end

Dec 31

Sector

Distribution Services > Wholesale Distributors

Industry (SEC)

Retail - Building Materials, Hardware, Garden Supply

Sherwin Williams • Tractor Supply • AeroGrow International • GrowGeneration • Bally • Compressco • SMG Growing Media ...

Former names

Fastenal Company

SEC CIK

0000815556

Corporate docs

Articles of Incorporation & Bylaws

IRS number

410948415

FAST stock data

S&P 500

1M 1Y 2Y 5Y

FINRA relative short interest over last month (20 trading days) ?

Calendar

17 Apr 20

3 Jun 20

31 Dec 20

News

Company financial data Financial data

Chart FAST financial data

Quarter (USD)	Mar 20	Dec 19	Sep 19	Jun 19
Revenue	1.37B	1.28B	1.38B	1.37B
Net income	202.6M	178.7M	213.5M	204.6M
Diluted EPS	0.35	0.31	0.37	0.36
Net profit margin	14.82%	13.99%	15.48%	14.95%
Operating income	271.3M	238.9M	281.9M	275M
Net change in cash	-14.2M	-16.3M	16.2M	-10.4M
Cash on hand	160.7M	174.9M	191.2M	175M
Cost of revenue	730.2M	678.5M	728M	727.2M

Annual (USD)	Dec 19	Dec 18	Dec 17	Dec 16
Revenue	5.33B	4.97B	4.39B	3.96B
Net income	790.9M	751.9M	578.6M	499.4M
Diluted EPS	1.38	1.31	1	1.73
Net profit margin	14.83%	15.14%	13.18%	12.60%
Operating income	1.06B	999.2M	881.8M	795.8M
Net change in cash	7.7M	50.3M	4.2M	-16.3M
Cash on hand	174.9M	167.2M	116.9M	112.7M
Cost of revenue	2.82B	2.57B	2.23B	2B

Financial data from Fastenal earnings reports

Recent insider trades

FAST insider ownership history Insider history

Date	Owner	Security	Transaction	Code	$Price	#Shares	$Value	#Remaining
27 May 20	Dolan Michael John	Common Stock	Sell	Dispose S	40	15,000	600K	10,000
18 May 20	Jansen James C	Common Stock	Option exercise	Aquire M	27	15,000	405K	40,176
18 May 20	Hein LeLand J	Common Stock	Option exercise	Aquire M	23	10,000	230K	25,222
18 May 20	Hein LeLand J	Employee Stock Option Common Stock	Option exercise	Dispose M	23	10,000	230K	70,216
18 May 20	Lundquist Nicholas J	Common Stock	Sell	Dispose S	40	6,000	240K	426,000
18 May 20	Jansen James C	Common Stock	Sell	Dispose S	40.1481	15,000	602.22K	25,176
18 May 20	Hein LeLand J	Common Stock	Sell	Dispose S	40.2235	10,000	402.24K	15,222
18 May 20	Jansen James C	Common Stock	Sell	Dispose S	40.1374	10,000	401.37K	25,176
18 May 20	Jansen James C	Common Stock	Option exercise	Aquire M	27	10,000	270K	35,176
18 May 20	Jansen James C	Employee Stock Option Common Stock	Option exercise	Dispose M	27	25,000	675K	50,000

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2020

FAST institutional ownership history Ownership history

79.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	795	830	-4.2%
Opened positions	81	132	-38.6%
Closed positions	116	69	+68.1%
Increased positions	228	242	-5.8%
Reduced positions	345	296	+16.6%

13F shares	Current	Prev Q	Change
Total value	145.7B	198.82B	-26.7%
Total shares	457.06M	469.36M	-2.6%
Total puts	1.65M	1.48M	+10.8%
Total calls	1.79M	2.34M	-23.4%
Total put/call ratio	0.9	0.6	+44.8%

Largest owners	Shares	Value	Change
Vanguard	71.11M	$2.22B	+2.4%
BLK BlackRock	45.12M	$1.41B	+3.6%
BK Bank Of New York Mellon	30.94M	$966.86M	-3.8%
STT State Street	29.12M	$910.15M	-4.3%
BAC Bank of America	12.5M	$390.61M	-2.7%
Geode Capital Management	11.07M	$345.46M	+5.5%
PFG Principal Financial	9.3M	$290.64M	+4.7%
Route One Investment	8.71M	$272.13M	-28.1%
Ensign Peak Advisors	7.55M	$235.96M	-3.0%
NTRS Northern Trust	7.15M	$223.59M	+0.4%

Largest transactions	Shares	Bought/sold	Change
Norges Bank	0	-5.88M	EXIT
IVZ Invesco	3.23M	-4.05M	-55.6%
Route One Investment	8.71M	-3.4M	-28.1%
BEN Franklin Resources	3.96M	+3.25M	+458.7%
Ceredex Value Advisors	2.78M	+2.78M	NEW
Nordea Investment Management Ab	649.33K	-1.83M	-73.8%
Vanguard	71.11M	+1.69M	+2.4%
BLK BlackRock	45.12M	+1.58M	+3.6%
American Century Companies	1.7M	+1.37M	+413.1%
STT State Street	29.12M	-1.3M	-4.3%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

HD Supply • HD Supply • NOW

Management Discussion

Fastenal is a North American leader in the wholesale distribution of industrial and construction supplies. We distribute these supplies through a network of over 3,200 in-market locations. Most of our customers are in the manufacturing and non-residential construction markets. The manufacturing market includes both OEM and MRO customers. The non-residential construction market includes general, electrical, plumbing, sheet metal, and road contractors. Other users of our products include farmers, truckers, railroads, oil exploration companies, oil production and refinement companies, mining companies, federal, state, and local governmental entities, schools, and certain retail trades. Geographically, our branches, Onsite locations, and customers are primarily located in North America.

Content analysis ?

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Good

New words: absence, acquired, acquisition, adequate, adequately, allocated, alter, Apex, asset, assist, cadence, center, Clarifying, climate, concentrated, connection, deferral, delivery, deriving, design, differential, digit, diminished, direct, discretionary, distancing, doubling, duration, exacerbated, February, fight, government, healthcare, home, impair, impairment, impose, incentive, increasingly, input, intangible, intermediate, leveraging, light, LLC, low, mandatory, meaningfully, meant, minimum, monitor, newer, notably, outperform, pandemic, perpetual, platform, preserve, procure, progressing, reading, restrict, restricted, safety, sale, sanitizer, scalability, seek, set, settlement, shift, shifting, significantly, situation, sluggish, small, societal, specifically, substantially, substantive, tangible, today, Topic, translated, uncertain, uncertainty, unfavorable, unfettered, voluntary, weaker, widening, worldwide

Removed: Additionally, aging, applicable, application, apply, approach, area, ASC, August, carry, centrally, China, classification, commencement, comparative, component, computer, contingent, converted, corrected, creating, cyclical, deficit, determinant, determining, directly, discount, discretion, driver, earliest, erosion, escalation, exclude, expedient, extend, favorably, field, flat, forward, fourth, full, function, gauge, greatest, group, hurting, implicit, incurred, indirectly, influenced, influencing, initial, lagged, leasehold, lessor, levied, managed, mileage, modified, moving, package, permitted, portfolio, positive, practical, regularly, released, renew, renewal, restate, retrospective, ROU, September, settle, space, successful, Supplemental, Targeted, temporary, timing, top, transporting, truck, undercounted, unit

From filing 10-Q 2020 Q1