Fastenal Company (FAST): Today's Featured Wholesale Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Fastenal Company ( FAST) pushed the Wholesale industry lower today making it today's featured Wholesale laggard. The industry as a whole was unchanged today. By the end of trading, Fastenal Company fell $0.59 (-1.2%) to $49.12 on heavy volume. Throughout the day, 3,964,011 shares of Fastenal Company exchanged hands as compared to its average daily volume of 2,410,600 shares. The stock ranged in price between $48.84-$50.28 after having opened the day at $50.28 as compared to the previous trading day's close of $49.71. Other companies within the Wholesale industry that declined today were: CHC Group ( HELI), down 8.1%, Prestige Brands Holdings ( PBH), down 2.7%, AmerisourceBergen ( ABC), down 2.5% and McKesson ( MCK), down 2.4%.

Fastenal Company, together with its subsidiaries, operates as a wholesaler and retailer of industrial and construction supplies in the United States, Canada, and internationally. The company offers fasteners and other industrial and construction supplies under the Fastenal name. Fastenal Company has a market cap of $14.8 billion and is part of the services sector. Shares are up 5.0% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate Fastenal Company a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Fastenal Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Susser Petroleum Partners ( SUSP), up 6.8%, Littelfuse ( LFUS), up 4.0%, Taitron Components ( TAIT), up 3.6% and Coast Distribution System ( CRV), up 3.4% , were all gainers within the wholesale industry with MSC Industrial Direct ( MSM) being today's featured wholesale industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the wholesale industry could consider iShares Dow Jones US Cons Goods ( IYK) while those bearish on the wholesale industry could consider ProShares Ultra Sht Consumer Goods ( SZK).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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