Is Fastenal Stock Outperforming the S&P 500?

Valued at a market cap of $45.4 billion, Fastenal Company (FAST) engages in the wholesale distribution of industrial and construction supplies. The Winona, Minnesota-based company derives sales from its fastener product line and the other product line, which it distributes mostly through its company-owned stores primarily located in North America.

Companies worth $10 billion or more are generally described as “large-cap” stocks, and Fastenal fits right into that category with its market cap exceeding this threshold. The Industrial supplies company also offers services including third-party logistics, inventory management, manufacturing, and tool repair and is renowned for selling a wide range of fasteners, including screws, nuts, bolts, and threaded rods.