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With a market cap of around $46 billion, Fastenal Company (FAST) is a leading wholesale distributor of industrial and construction. Operating primarily through company-owned stores, Fastenal offers a broad range of products, including threaded fasteners, miscellaneous hardware, tools, cutting tools, and safety supplies, serving industries from manufacturing and construction to government and energy sectors.
Shares of the Winona, Minnesota-based company have outperformed the broader market over the past 52 weeks. FAST has returned 19.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 12.7%. Moreover, shares of Fastenal are up 12.1% on a YTD basis, compared to SPX’s marginal gain.
