Are Wall Street Analysts Bullish on Fastenal Stock?

Minnesota-based Fastenal Company (FAST) provides wholesale distribution of industrial and construction supplies. Valued at a market cap of $54.3 billion, the company serves customers across manufacturing, construction, transportation, and government sectors. 

This industrial company has outperformed the broader market over the past 52 weeks. Shares of FAST have soared 28.7% over this time frame, while the broader S&P 500 Index ($SPX) has gained 12.2%. Moreover, on a YTD basis, the stock is up 17.9%, compared to SPX’s slight drop.