Barclays cuts Fastenal PT after Q3 profit miss estimates

Fastenal

14/10/2025 15:13

** Barclays cuts PT on industrial supplies distributor Fastenal FAST.O to $45 from $49, reiterates rating at "equal-weight"

** New PT still implies a premium of 6.3% over the stock's last close

** Co on Monday posted Q3 profit below Wall Street estimates and revenue in line with expectations

     ** Barclays says co's volumes remain strong due to market share gains, but weaker pricing and higher operating costs have led it to cut estimates and lower the PT

** We've cut our Q4 sales, EBIT and EPS forecasts by 2%, 8%, and 8.5% respectively - Barclays

** Shares of the company down 0.5% at $42

** 4 of 18 brokerages rate the stock " strong buy", 11 "hold" and 3 "sell" or lower; their median PT is $45 - data compiled by LSEG

** Including session moves, shares up 18.6% YTD

(Reporting by Apratim Sarkar in Bengaluru)

((Apratim.Sarkar@thomsonreuters.com))