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Fastenal's (FAST) February ADS Rises 2.6%, Improves Sequentially
Zacks Investment Research· 2024-03-07 14:00
Fastenal Company (FAST) recently released its February sales report, wherein average daily sales or ADS grew 2.6% to $29.1 million, showing better growth sequentially but moderating annually. In the prior month, daily sales registered 1.6% growth, and in the year-ago period, the same registered 9.6% increase.The trend is better than the historical February daily sales growth average of up 1.6% month over month between 2018 and 2023 (excluding 2020). Net sales in February 2024 were $627.1 million, reflecting ...
Fastenal (FAST) Stock Falls Amid Market Uptick: What Investors Need to Know
Zacks Investment Research· 2024-03-07 00:16
The most recent trading session ended with Fastenal (FAST) standing at $74.32, reflecting a -0.03% shift from the previouse trading day's closing. This move lagged the S&P 500's daily gain of 0.51%. On the other hand, the Dow registered a gain of 0.2%, and the technology-centric Nasdaq increased by 0.58%.The maker of industrial and construction fasteners's stock has climbed by 6.99% in the past month, exceeding the Retail-Wholesale sector's gain of 4.13% and the S&P 500's gain of 2.94%.The investment commun ...
Fastenal (FAST) to Distribute Industrial Laser Solutions
Zacks Investment Research· 2024-03-06 16:11
Fastenal Company FAST signed a distribution agreement with a leading global industrial developer of CleanTech laser cleaning systems and other material applications — Laser Photonics Corporation (“LPC”).Laser Photonics joined Fastenal in mid-January 2024. Per the deal, Laser Photonics will get access to FAST’s global distribution network, including a closely aligned supplier network, robust sourcing, quality, and manufacturing resources, and multiple teams of subject matter experts and support personnel. Al ...
Fastenal Receives EcoVadis Silver Medal for Sustainability
Businesswire· 2024-03-05 21:15
WINONA, Minn.--(BUSINESS WIRE)--Fastenal Company (Nasdaq: FAST), a leader in the wholesale distribution of industrial and construction supplies, is proud to announce it has been awarded a silver medal from EcoVadis. The award, which is based on an assessment completed by EcoVadis in late 2023, signifies that the quality of Fastenal's sustainability management system ranks in the top 25% of all companies in all industries rated by EcoVadis. EcoVadis uses a broad range of criteria to score companies' sustain ...
Laser Photonics Corporation Enters Distribution Agreement With Fastenal Company for Its Industrial Laser Solutions
Businesswire· 2024-03-05 12:00
ORLANDO, Fla.--(BUSINESS WIRE)--Laser Photonics Corporation (LPC), a leading global industrial developer of CleanTech laser cleaning systems and other material applications, has entered into a distribution agreement with the Fastenal Company (NASDAQ: FAST), the largest fastener distributor in North America and a leading distributor and provider of industrial technology and products. “This agreement will increase our customer base and expand our distributor network while equipping the industry-leading com ...
Fastenal (FAST) Stock Sinks As Market Gains: Here's Why
Zacks Investment Research· 2024-03-01 00:16
Fastenal (FAST) ended the recent trading session at $73.01, demonstrating a -0.75% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.52%. On the other hand, the Dow registered a gain of 0.12%, and the technology-centric Nasdaq increased by 0.9%.Heading into today, shares of the maker of industrial and construction fasteners had gained 7.81% over the past month, outpacing the Retail-Wholesale sector's gain of 0.38% and the S&P 500's gain of 3.85% i ...
Fastenal (FAST) Exceeds Market Returns: Some Facts to Consider
Zacks Investment Research· 2024-02-24 00:16
In the latest market close, Fastenal (FAST) reached $72.18, with a +0.17% movement compared to the previous day. This move outpaced the S&P 500's daily gain of 0.04%. Elsewhere, the Dow gained 0.16%, while the tech-heavy Nasdaq lost 0.28%.Shares of the maker of industrial and construction fasteners have appreciated by 4.12% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 7.4% and the S&P 500's gain of 5.01%.The investment community will be closely monitoring the perf ...
Is Fastenal (FAST) Stock Outpacing Its Retail-Wholesale Peers This Year?
Zacks Investment Research· 2024-02-22 15:45
Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Is Fastenal (FAST) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Fastenal is one of 218 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #12 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average ...
Fastenal (FAST) Increases Despite Market Slip: Here's What You Need to Know
Zacks Investment Research· 2024-02-17 00:16
In the latest market close, Fastenal (FAST) reached $70.24, with a +0.13% movement compared to the previous day. The stock outpaced the S&P 500's daily loss of 0.48%. Meanwhile, the Dow experienced a drop of 0.37%, and the technology-dominated Nasdaq saw a decrease of 0.82%.Prior to today's trading, shares of the maker of industrial and construction fasteners had gained 3.27% over the past month. This has lagged the Retail-Wholesale sector's gain of 5.61% and the S&P 500's gain of 5.3% in that time.The inve ...
Why Fastenal (FAST) is a Top Growth Stock for the Long-Term
Zacks Investment Research· 2024-02-08 15:46
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style ...