Fastenal Company $FAST Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC reduced its stake in Fastenal Company (NASDAQ:FAST) by 5.0%, selling 125,690 shares, though Fastenal remains its 16th-largest holding. Fastenal recently reported quarterly earnings of $0.26 per share, in line with estimates, and revenue of $2.03 billion, slightly below expectations, alongside an 11.1% year-over-year revenue increase and a dividend hike. Analysts currently hold a consensus “Hold” rating for Fastenal with an average price target of $48.83.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin