UP!

FAST $74.82

FAST target price
74.82
0
55
Fastenal Company
Type
Public
Traded as NASDAQ: FAST
NASDAQ-100 Component
S&P 500 Component
Founded 1967
Headquarters Winona, Minnesota, U.S.
Number of locations
2,683 (April 2014)
Key people
Daniel L. Florness (CEO), Sheryl Ann Lisowski (CFO), Christopher Williamson (VP of quality and engineering)(
Revenue
  • Increase US$ 3,326.106 million (2013)
  • Increase US$ 3,133.577 million (2012)
Operating income
  • Increase US$ 712.657 million (2013)
  • Increase US$ 673.691 million (2012)
Net income
  • Increase US$ 448.636 million (2013)
  • Increase US$ 420.536 million (2012)
Total assets
  • Increase US$ 2,075.784 million (2013)
  • Increase US$ 1,815.832 million (2012)
Total equity
  • Increase US$ 1,772.697 million (2013)
  • Increase US$ 1,560.36 million (2012)
Number of employees
18,417 full-time and part-time (2015)
Website www.fastenal.com

Fastenal Company is an American company based in Winona, Minnesota. Distributing goods used by other businesses, it has over 2,600 branches throughout the US, Canada, Mexico and Europe along with 13 distribution centers. Fastenal resells industrial, safety, and construction supplies and offers services including inventory management, manufacturing, and tool repair. Fastenal refers to itself as an industrial supply company, and Reuters calls it an industrial distributor.

Founded in 1967 by Bob Kierlin, it was incorporated December 24, 1968. Fastenal's offerings are purchased, not made. But as of 2009, the company has at least one cold heading manufacturing line. By 2004, 50% of product was processed steel.

It entered the Canadian market in 1994, as of 2009 Fastenal had retail sales outlets in every province and two Canadian distribution centers. As of 2009, Fastenal had established retail outlets in 14 of Mexico's states as well as a distribution center. It started its Mexico activities in 2001. Fastenal's Asian trading company, Fastenal Asian Sourcing and Trading Co, is a Wholly Foreign-Owned Enterprise located in Shanghai, China, where it directs sourcing and import purchasing activities. Opening in 2001, Fastenal's Singapore location was its first site outside North America. By 2009, sales operations in this small city state were complemented by those in its larger neighbor Malaysia. Locally incorporated Fastenal Malaysia Sdn Bhd is associated with Fastenal's Malaysian activities. The company runs an A2LA accredited testing laboratory in this nation as of 2014.

In 2009, Fastenal acquired parts of Holo-Krome, a US socket head screw-making company. Fastenal and was added to the S&P 500 index in late 2008, replacing removed corporations.

In 2012, Lee Hein took over as President of Fastenal. Hein started out in the company as a store employee.

In January 2016, Daniel L. Florness became the President and CEO of Fastenal. Florness started with Fastenal in 1996 as the company's chief financial officer.

Fastenal first sold mostly fasteners such as screws, threaded rods, and nuts, which are used in construction and manufacturing. Today's product range is more diverse, and the company had a total of 690,000 individual products as of 2010. In addition to a plethora of SKUs, the company offers a variety of services, including inventory management, small fastener manufacture, vending, and machining.

Fastenal has retail stores in every U.S. state, every province of Canada, 14 Mexican states, and Puerto Rico, and Panama.

Machining may be a better term for what Fastenal calls its "manufacturing" operations. As of 2000, the company employs 400-plus people at six manufacturing locations, including one manufacturing bolts made using a newer method, cold heading, in Rockford, Illinois, an operation in West Hartford, Connecticut, and another in Malaysia, etc. Fastenal has sites in China, Dominican Republic, Hungary, Malaysia, the Netherlands, Germany, Singapore, and the United Kingdom. In 2006, the company had two offices in Taiwan, one of which included a product testing laboratory, which, as of 2007, was A2LA certified.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q1 2023 2023-04-13 Future report Set alerts
Q4 2022 2023-01-19 0.43 0.43
Q3 2022 2022-10-13 0.50 0.50
Q2 2022 2022-07-13 0.50 0.50
Q1 2022 2022-04-13 0.47 0.47
Q4 2021 2022-01-19 0.40 0.40
Q3 2021 2021-10-12 0.42 0.42
Q2 2021 2021-07-13 0.42 0.42
Q1 2021 2021-04-13 0.37 0.37
Q4 2020 2021-01-20 0.34 0.34

Ratings

2016-07-07 Initiated Coverage Morgan Stanley Equal to Equal Weight $46.00
2016-06-17 Reiterated Rating Credit Suisse Neutral $43.00
2016-06-17 Reiterated Rating Credit Suisse Group AG Neutral $43.00
2016-06-08 Reiterated Rating Wells Fargo Hold
2016-06-08 Reiterated Rating Wells Fargo & Co. Hold
2016-05-08 Reiterated Rating Robert W. Baird Hold
2016-04-14 Boost Price Target Credit Suisse Neutral $37.00 to $44.00
2016-04-08 Boost Price Target Barclays Underweight $29.00 to $38.00
2016-04-08 Boost Price Target Barclays PLC Underweight $29.00 to $38.00
2016-04-07 Boost Price Target Avondale Partners Market Perform $49.00 to $51.00
2016-04-05 Initiated Coverage BMO Capital Markets Market Perform $50.00
2016-04-01 Downgrade Deutsche Bank Buy to Hold $55.00 to $48.68
2016-04-01 Downgrade Stifel Nicolaus Buy to Hold
2016-04-01 Downgrade Deutsche Bank AG Buy to Hold $55.00 to $48.68
2016-03-21 Boost Price Target Avondale Partners Market Perform $38.00 to $49.00
2016-03-21 Initiated Coverage Sterne Agee CRT Neutral $50.00
2016-03-17 Boost Price Target Stifel Nicolaus Buy $49.00 to $51.00
2016-03-08 Initiated Coverage Argus Buy $57.00
2016-02-05 Boost Price Target Robert W. Baird Neutral $42.00 to $47.00
2016-01-19 Boost Price Target Barclays Underweight $27.00 to $29.00
2016-01-19 Lower Price Target Stifel Nicolaus Buy $45.00 to $41.00
2016-01-14 Lower Price Target Robert W. Baird $43.00 to $42.00
2016-01-05 Initiated Coverage Avondale Partners Market Perform $42.00
2015-11-22 Initiated Coverage William Blair Hold
2015-10-19 Lower Price Target Susquehanna Neutral $37.00
2015-10-14 Reiterated Rating Credit Suisse Neutral $47.00 to $40.00
2015-10-14 Lower Price Target Stifel Nicolaus Buy $42.00 to $41.00
2015-10-09 Lower Price Target Robert W. Baird $44.00 to $43.00
2015-09-23 Reiterated Rating William Blair Hold
2015-09-14 Reiterated Rating Credit Suisse Neutral $47.00
2015-09-04 Reiterated Rating William Blair Market Perform
2015-08-27 Lower Price Target Susquehanna Neutral $43.00 to $40.00
2015-08-25 Reiterated Rating William Blair Hold
2015-08-24 Downgrade Robert W. Baird Outperform to Neutral $45.00 to $44.00
2015-07-21 Initiated Coverage KeyBanc Sector Weight
2015-07-21 Initiated Coverage KeyCorp Sector Weight
2015-07-15 Boost Price Target Susquehanna Neutral $42.00 to $43.00
2015-07-15 Boost Price Target Stifel Nicolaus Buy $46.00 to $47.00
2015-07-13 Lower Price Target Barclays Underweight $37.00 to $36.00
2015-06-05 Upgrade Stifel Nicolaus Buy $44.00 to $46.00
2015-04-07 Downgrade Northcoast Research Buy to Neutral
2015-04-07 Downgrade Cleveland Research Buy to Neutral
2015-03-17 Lower Price Target Barclays Underweight $41.00 to $38.00
2015-03-05 Downgrade Raymond James Market Perform
2015-03-05 Downgrade Raymond James Financial Inc. Market Perform
2015-02-12 Downgrade William Blair Outperform to Market Perform
2015-01-20 Lower Price Target Stifel Nicolaus Buy $56.00 to $55.00
2015-01-16 Lower Price Target Barclays Underweight $43.00 to $42.00
2014-12-12 Initiated Coverage Stifel Nicolaus Buy $56.00
2014-10-14 Downgrade Susquehanna Positive to Neutral $55.00 to $48.00
2014-10-13 Reiterated Rating Credit Suisse Neutral $54.00 to $51.00
2014-09-11 Initiated Coverage Northcoast Research Neutral
2014-09-09 Reiterated Rating Credit Suisse Neutral
2014-07-28 Upgrade Edward Jones Hold to Buy
2014-04-10 Edison Investment Research Positive
2014-04-04 Initiated Coverage Susquehanna Positive
2014-01-16 Boost Price Target Barclays Underweight $40.00 to $43.00
2013-10-04 Boost Price Target Robert W. Baird Outperform $53.00 to $59.00
2013-04-11 Reiterated Barclays Underweight $44 to $41
2012-11-09 Upgrade Robert W. Baird Neutral to Outperform $50 to $51
2012-06-18 Initiated Longbow Neutral
2012-03-06 Reiterated UBS Neutral $49 to $53
2011-10-06 Downgrade Robert W. Baird Outperform to Neutral $38 to $36
2011-04-13 Upgrade UBS Neutral to Buy $63 to $72
2010-01-06 Upgrade Piper Jaffray Neutral to Overweight $54
2009-01-21 Downgrade FTN Midwest Neutral to Sell
2009-01-15 Upgrade Morgan Keegan Mkt Perform to Outperform
2016-07-07 Initiated Coverage Morgan Stanley Equal to Equal Weight $46.00
2016-06-17 Reiterated Rating Credit Suisse Neutral $43.00
2016-06-17 Reiterated Rating Credit Suisse Group AG Neutral $43.00
2016-06-08 Reiterated Rating Wells Fargo Hold
2016-06-08 Reiterated Rating Wells Fargo & Co. Hold

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
KIERLIN ROBERT A 3.99%  (11835625) FAST / RGDO /
SLAGGIE STEPHEN M 3.26%  (9681008) FAST /
GOSTOMSKI MICHAEL M 0.31%  (920656) FAST /
OBERTON WILLARD D CEO and President 0.13%  (372616) DCI / FAST /
FLORNESS DANIEL L Exec. V-P and CFO 0.03%  (97845) FAST /
WISECUP REYNE K 0.02%  (60000) FAST /
Owen Terry Modock Executive Vice President 0.01%  (28552) FAST /
LUNDQUIST NICHOLAS J Executive Vice-President 0.01%  (28000) FAST /
Hein LeLand J Executive Vice President 0.01%  (20258) FAST /
DOLAN MICHAEL JOHN 0.01%  (20000) FAST /
JACKSON DARREN R 0.01%  (15000) AAP / CREE / FAST /