Here’s Why Ensemble Capital Likes Fastenal (FAST) Stock

Ensemble Capital, an independently-owned investment firm, recently published its first-quarter Ensemble Fund commentary – a copy of which can be downloaded here. During the first quarter of 2020, the Ensemble Fund returned -18.6%, while the benchmark S&P 500 was down 19.6%.

In the said letter, Ensemble Capital highlighted a few stocks and Fastenal Co (NASDAQ:FAST) is one of them. Fastenal sells industrial and construction supplies in a wholesale and retail fashion. Year-to-date, FAST...