FASTENAL lags behind its competitors on Monday

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FASTENAL ($NASDAQ:FAST) is a company that manufactures and sells fasteners and other related products. Its stock lagged behind those of its competitors on Monday. This is likely due to the fact that the company is facing some serious headwinds. FASTENAL has been facing declining sales for several quarters now. This has caused its stock price to suffer as well.

The company is also dealing with some lawsuits that could potentially hurt its bottom line. All of these factors have investors worried about the future of FASTENAL. The company will need to turn things around soon if it wants to avoid further declines.

Price History

Right now, media coverage is mostly positive. On Monday, FASTENAL stock opened at $48.4 and closed at $48.3, down by 0.7% from prior closing price of $48.7. The company’s stock has been under pressure in recent months due to concerns about slowing growth. While the company’s earnings per share came in ahead of expectations, guidance for the fourth quarter was below analyst estimates.

VI Analysis

FASTENAL is a medium risk investment in terms of financial and business aspects, according to the VI Risk Rating. The company’s fundamentals reflect its long term potential, below analysis on FASTENAL are made simple by VI app. Register with us to check out the business and financial areas with potential risks.

VI Peers

Fastenal Co is a leading company in the fastener industry and competes with WESCO International Inc, DXP Enterprises Inc, and W.W. Grainger Inc. All four companies are leaders in their respective fields and have a long history of competition.

– WESCO International Inc ($NYSE:WCC)

WESCO International Inc. is a leading provider of electrical, industrial, and communications MRO and OEM products, construction materials, and advanced logistics services. The company serves commercial and industrial customers in more than 90 countries. WESCO operates through 11 regional businesses, each with a dedicated team of experts that understands the unique needs of the local market.

WESCO has a market cap of $6.47B as of 2022 and a ROE of 16.97%. The company is a leading provider of electrical, industrial, and communications MRO and OEM products, construction materials, and advanced logistics services. WESCO operates through 11 regional businesses, each with a dedicated team of experts that understands the unique needs of the local market.

– DXP Enterprises Inc ($NASDAQ:DXPE)

DXP Enterprises is a leading provider of integrated maintenance, repair and operations solutions that enable our customers to operate more efficiently and effectively. We are a trusted partner to a broad range of customers in the industrial, energy and other markets, and our mission is to make our customers’ operations more productive, efficient and sustainable.

DXP’s market cap is $483.23M as of 2022. The company has a Return on Equity of 14.04%.

DXP provides a broad range of MRO solutions that help our customers improve their operations. Our products and services include bearings, power transmission, fluid power, tools and equipment, and general maintenance supplies. We also offer a full range of repair and maintenance services, including on-site repairs, field services, and machine tool services. In addition, we offer a wide range of value-added services, such as inventory management, just-in-time delivery, and kitting and assembly.

– W.W. Grainger Inc ($NYSE:GWW)

W.W. Grainger Inc is a Fortune 500 company that provides maintenance, repair and operating supplies and equipment to businesses and institutions worldwide. With a market cap of 27.04B as of 2022 and a Return on Equity of 56.81%, it is clear that the company is doing well. The company has a long history dating back to 1927 and has been a reliable source for businesses and institutions for many years.

Summary

FASTENAL is a publicly traded company on the Nasdaq exchange, and is a leading provider of fasteners, tools and supplies. The company has a strong balance sheet and generates consistent cash flow.