Fastenal (FAST) Up 43% in 6 Months: Can It Keep Momentum in 2024?

Fastenal Company (FAST) has been benefiting through proficient management of operating expenses and a robust business model. The expansion of Onsite locations, especially those inaugurated in 2023 and 2022, coupled with the inclusion of large customers, has further propelled its growth trajectory. Additionally, Fastenal’s leverage in its digital strategy, onsite/offsite mix and market share gains across its product categories are expected to drive growth.Shares of this Winona, MN-based national wholesale di ...