Fastenal Co

FAST: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$77.00	Gyf	Ypshchwf

Fastenal Reports Solid Numbers to Close Out 2022 Amid Moderating Economic Activity

Dawit Woldemariam

Jan 19, 2023

Wide-moat-rated Fastenal reported solid fourth-quarter results to end 2022. We’ve raised our fair value estimate to $46, up from $45 previously. We made slight adjustments to our near-term sales and margin forecasts and accounted for the time value of money since our last update.

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