---
title: "\"U.S. Stocks\" Fastenal's Q1 net sales and earnings meet expectations, Bank of America Securities initiates \"Buy\" rating with a target price of $55"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282621257.md"
description: "U.S. industrial parts wholesaler Fastenal reported a 12.4% year-on-year increase in net sales for the first quarter ending in March, reaching USD 2.202 billion, in line with market expectations, with diluted earnings per share of 30 cents, also meeting expectations. The stock closed down 6.9% at USD 45.80 on the night of the 13th. Bank of America Securities initiated coverage on Fastenal with a \"Buy\" rating and a target price of USD 55"
datetime: "2026-04-14T02:51:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282621257.md)
  - [en](https://longbridge.com/en/news/282621257.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282621257.md)
---

# "U.S. Stocks" Fastenal's Q1 net sales and earnings meet expectations, Bank of America Securities initiates "Buy" rating with a target price of $55

U.S. industrial parts wholesaler Fastenal (FAST.US) reported a 12.4% year-on-year increase in net sales for the first quarter ending in March, reaching $2.202 billion, in line with market expectations, with diluted earnings per share of $0.30, also meeting expectations.

The stock closed down 6.9% on the night of the 13th, at $45.80.

Bank of America Securities initiated coverage on Fastenal with a "Buy" rating and a target price of $55

### Related Stocks

- [FAST.US](https://longbridge.com/en/quote/FAST.US.md)
- [XLI.US](https://longbridge.com/en/quote/XLI.US.md)
- [MADE.US](https://longbridge.com/en/quote/MADE.US.md)
- [VIS.US](https://longbridge.com/en/quote/VIS.US.md)

## Related News & Research

- [Wiregrass Investment Management LLC Invests $1.02 Million in Fastenal Company $FAST](https://longbridge.com/en/news/284113440.md)
- [Fastenal AGM: Directors Elected, Pay Plans Approved, EEO-1 Disclosure Proposal Rejected Amid CEO Transition](https://longbridge.com/en/news/284064191.md)
- [Fastenal Company (NASDAQ:FAST) to Issue $0.24 Quarterly Dividend](https://longbridge.com/en/news/284109789.md)
- [AMG National Trust Bank Acquires New Stake in MSC Industrial Direct Company, Inc. $MSM](https://longbridge.com/en/news/284718438.md)
- [US manufacturing sector steady in April, but input costs surge amid Iran war](https://longbridge.com/en/news/284906729.md)